L’VIV @ Newton Road
Experience luxe urban living like never before Soaring through the night sky in a dazzling beacon of light, L’VIV is set to take chic city living to new heights. Located in the prime residential enclave of Newton, this exclusive boutique development boasts prime views of the city from each tastefully appointed apartment. It also features … Read more
SPH’s Paragon valued at $2b
SINGAPORE Press Holdings’ Paragon shopping centre in Orchard Road is now worth $2 billion, about 10 per cent up from its valuation of $1.82 billion a year ago. The higher valuation came amid higher rents and continued strong demand. ‘Rents are firm, increasing as of last June. Occupancy is at 100 per cent,’ said Lydia … Read more
CCT expects financing to get more expensive
CAPITACOMMERCIAL Trust (CCT) expects financing to become more expensive after it raised US$1.2 billion to fund an acquisition of an office tower this year. The manager of about three million square feet of commercial space in Singapore agreed in March to buy a 23-storey office block known as 1 George Street in Singapore’s business district … Read more
Thakral seeks up to $99m for rest of Sovereign units
THAKRAL Land is selling the remaining 17 apartments it owns at The Sovereign, a freehold condo in Meyer Road that it developed more than a decade ago. En bloc potential: The 15-year-old property is built up to 1.8 plot ratio, lower than the maximum 2.8 allowed currently Based on asking prices of $1,300-1,500 psf for … Read more
What determines market value of property
I REFER to Mr Patrick Tan’s letter, ‘Valuation the culprit in artificially inflating HDB flat prices’ (June 17). The market value of a property is the estimated amount for which it should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing where both … Read more
Soilbuild breaks new ground at Fusionopolis
Phase 2B kicks off with Solaris, a ‘green building’ for creative industries SOILBUILD Group Holdings staked its claim as the first private developer at one-north business park Fusionopolis yesterday. ‘Following the award of Fusionopolis Phase 2B in April, Soilbuild will develop and lease out its new flagship project Solaris to businesses in the research and … Read more
Construction of Solaris has begun
Construction of Phase 2B of Fusionopolis has begun with the ground-breaking ceremony for a 15-storey building called Solaris. It is being developed by Soilbuild Group – the first private sector developer at Fusionopolis cluster at one-north. Its $148-million new building will cover :an estimated gross floor area of 540,000 square feet and is slated for … Read more
Tender for Phase 3 of Fusionopolis will open by H2
Singapore is seeing an overwhelming demand for research and development space, particularly from the info-communication, media and science sectors. So to meet the growing need, the government said it will expand the Fusionopolis cluster at one-north. This was revealed at the ground-breaking ceremony of Phase 2B of the development on Friday. The ground-breaking marks the … Read more
Are we looking at buildings only as money-spinners?
I READ “It’s the end of the Storey” (June 27) with disbelief. How serious are we as a nation about preserving what little is left of our heritage? What, exactly, are these “engineering constraints” that make it impossible to construct the Downtown Line without demolishing the New 7th Storey Hotel? Since the Bugis station already … Read more
Don’t let it die
Shouldn’t technology be able to save the New 7th Storey Hotel? I REFER to “It’s the end of the Storey” (June 27) and I want to express my utmost disappointment at the imminent demolition of the New 7th Storey Hotel (picture) along Rochor Road. It is hard to understand that with the advance in building … Read more
