Sino Construction says IPO fully taken up despite weak market sentiment
Sino Construction has raised nearly S$60 million from its initial public offering (IPO). The company said the IPO has been fully taken up, despite the current weak market sentiment. Guoco Group was among the major investors. Sino Construction had offered about 153 million shares at 39 Singapore cents each. Of these, more than 6 million … Read more
Indiabulls Trust falls 7.5% in S’pore debut
Indiabulls Properties Investment Trust opened flat at its IPO price of $1.00 but then fell as much as 7.5 per cent in its Singapore market debut on Wednesday. The fall continues the poor record for listing of new real estate investment trusts, after the last two Reits to list in Singapore, Lippo-Mapletree Indonesia Retail Trust … Read more
18th floor of Peninsula Plaza sold for $15m
THE 18th floor of Peninsula Plaza near City Hall has been sold to a Taiwanese trading company for $14.9 million. The price works out to $1,750 per sq ft (psf) of strata area. This is just below the last sale in the 999-year leasehold building – a single 1,485 sq ft office unit that went … Read more
HDB pricing policy limits impact of rising costs
Board trying to contain cost by simplifying some projects CONSTRUCTION costs for Housing & Development Board (HDB) flats have increased but the impact on buyers is likely to be limited, due to HDB’s pricing policy and cost-control measures. Speaking to the media at HDB yesterday, National Development Minister Mah Bow Tan said that ‘construction costs … Read more
HDB’s challenge: low-cost housing, condo-like flats
Board has to find ways to cater to the poor as well as those better-off, says Mah AS THE population grows and becomes more diverse, the Housing Board will have to find creative ways to keep its flats affordable for low-income families but attractive for the better-off. As it tackles this task, one concern is … Read more
Marsiling goes BTO: Straits Vista project launched as HDB wins UN award
TO help meet demand for flats in the northern part of the island, the Housing and Development Board (HDB) yesterday launched a: Build-To-Order (BTO) project in Woodlands town called Straits Vista @ Marsiling. The project, comprising 50 units of three-room and 332 units of four-room flats, is located near the Woodlands Regional Centre and is … Read more
Sengkang West going for a makeover as recreation hub
FROM ulu to cool. That’s MP Lam Pin Min’s plan for Sengkang West. The aim is to redevelop the rustic town into a ’suburban recreational hub’. There will be new parks, restaurants by the river and water-sport activities by next year. He unveiled these plans for the ward at a press conference yesterday ahead of … Read more
Let expat schools expand into vacant properties
I REFER to Monday’s article, ‘Expat schools make room for growing population’. I suggest the affected schools use existing vacant schools as a temporary measure. One such school is the former Westlake Secondary School in Braddell Hill. It looks in relatively good condition with several buildings to house classes, lots of space and a reasonably … Read more
Road Ahead for HDB: Meeting diverse needs of Singapore’s population
THE road ahead for the Housing Board (HDB) is to meet the housing needs of a growing population with increasingly different needs and aspirations, said National Development Minister Mah Bow Tan on Tuesday. HDB will also have to make the flats attractive for the more educated and more well-off Singaporeans, so that they too can … Read more
HDB launches 382 BTO flats for sale at Marsiling
THE Housing Board offered 382 flats for sale at Marsiling under the Build-To-Order (BTO) scheme on Tuesday. The flats at Straits Vista @ Marsiling, near Woodlands Regional Centre, comprise 50 three-room and 332 four-room units. Residents can also enjoy easy access to other amenities such as shops, parks, schools and a sports/swimming complex. — PHOTO: … Read more
