Solved – the Rental spike mystery
It was caused not by a jump in demand, but by a contraction in supply LAST week, I suggested that the private housing oversupply may have been understated. This is because units that have been bought by investors can still be considered as part of the housing supply until they are resold or are tenanted. … Read more
Three parts to Dawson’s new face
THE public first got wind of the ambitious vision last August, when Prime Minister Lee Hsien Loong spoke of giving the 56-year-old Dawson Estate a new face. Now, the surgeons who will design its new face have been appointed, and flats could go on sale by next year. Construction is expected to start six months … Read more
Lawyer jailed for fraud barred from practising
A LAWYER convicted of fraud has now been barred from practising. Mr Tan Sok Ling, 41, was the first lawyer to be struck off the rolls this year. He did not appear before the Court of Three Judges yesterday to contest the application by the Law Society to dismiss him from the profession. Last November, … Read more
94% support for new upgrading scheme in Yishun
YISHUN residents have given the thumbs-up to the Housing Board’s first Home Improvement Programme, which aims to spruce up the town’s existing facilities and add new ones. Over nine in 10 voted in favour of upgrading when polling closed on Monday night, said Senior Minister of State for National Development Grace Fu. Referring to the … Read more
Keppel Land upbeat despite 16% fall in net gain
Take-up of mid-priced projects at recent launches ‘encouraging’ THE property story has been one of gloom for months but Keppel Land (KepLand) sees a silver lining in the dark clouds. It said market sentiment appears to be more positive now compared to the first quarter, ‘judging from the encouraging take-up in recent launches of mid-priced … Read more
1,800 flats to go on sale at Dawson estate next year
Two 40-storey towers to be constructed under build-to-order system by 2014 A NEW generation of Housing Board flats is set to go on sale in about a year’s time at now-sleepy Dawson estate. The 50-year-old Queenstown estate is set to be transformed with the construction of two striking 40-storey towers, designed by award-winning architects, SCDA … Read more
End of the road for 174 Seletar colonial homes
As aerospace park takes shape, many ‘black-and-white’ homes must go The first phase of the $60 million Seletar Aerospace Park (SAP) project is nearing completion and Phase 2 is about to take off, so the agencies spearheading the redevelopment of the complex have been briefing residents and other tenants about the next step forward. Agency … Read more
Frasers to support top KL serviced residences
FRASERS Hospitality, the hospitality arm of property group Frasers Centrepoint. said yesterday that it will provide technical and advisory services for a ‘gold-standard’ serviced residence project in Kuala Lumpur. The project, Fraser Place Kuala Lumpur, is in the Malaysian capital’s ‘Golden Triangle’, where most international banks, oil-and-gas companies and multinationals are based. It is also … Read more
SCDA, WOHA and Surbana named consultants for Dawson Estate flats
FLAT-BUYERS eyeing Dawson Estate in Queenstown will be spoilt for choice, as upcoming public housing will feature designer looks courtesy of not one, not two, but three local award-winning architectural firms. The Housing & Development Board (HDB) said yesterday that it will appoint SCDA Architects, WOHA Architects and Surbana International Consultants as design consultants for … Read more
JTC foresees weaker demand
AFTER a record performance last year, JTC – Singapore’s biggest industrial landlord – expects demand for industrial space to weaken in line with slowing economic growth this year. Operating income in fiscal year 2007 rose 5 per cent to $1.1 billion for the state-owned developer, due mainly to higher allocation of ready-built facilities and prepared … Read more
