Government taking calculated risk by deferring construction projects
Building government projects at a later time may cost more if prices of materials continue to rise. However, National Development Minister Mah Bow Tan said that is a calculated risk the government has to take. To cool the market, the government is deferring a total of about S$4.7 billion worth of public sector construction projects … Read more
Yishun to get exciting new facilities in facelift
Among them are a library and possibly a shopping complex linked to interchange YISHUN might be showing its age but it is in line for a radical renewal that will smarten up existing facilities and add exciting new ones. Details of the rejuvenation plan were announced yesterday, and include additions to the town centre, including … Read more
Newton Suites up for award
THAT slim and stylish Newton Suites building that you have been passing on the way to Newton Food Centre is among the world’s top five highrise buildings. Designed by Singapore architecture firm Woha, it has been shortlisted for the International Highrise Award. The other four contenders are New York’s Hearst Tower (New York) by Foster … Read more
Tampines Court enbloc: They were certain they would win
Resident who voted yes says he has only 2 words: Disappointment & disbelief Despite the objections filed by the minority, the majority owners of Tampines Court – more than 82 per cent – thought they could push through a collective sale. Many of them had even scouted around and bought properties elsewhere. But the en … Read more
Private homes to take a slower road to completion
Many units pushed back as costs rise and sentiment falters The latest news is good or bad – depending on your point of view. Official data now shows that the number of private homes that could be completed by end-2011 may be less than previously thought – which means residential rental and capital values could … Read more
URA gives go-ahead for three hotels
A number of residential projects also get the nod A STRING of residential, commercial and industrial projects received provisional permission from the Urban Redevelopment Authority (URA) in the second quarter of this year. Far East Organization unit China Classic received provisional permission to build a 384-room hotel at Cross Street, while Hotel Plaza got the … Read more
HDB resale market buoyant but upgrader effect still muted
Resale price index very close to record high of Q41996; Q2 transactions up 22% THE Housing and Development Board (HDB) has announced that its Resale Price Index rose by 4.5 per cent in Q2 2008 over the previous quarter and 8.4 per cent since Q4 2007. The number of resale transactions also increased by 22 … Read more
Sharp drop in growth of private home prices
HDB resale flats, however, do well, strengthening in value IT’S official: the private housing market has gone soft. Prices peaked and rental growth braked sharply between April and June, with property consultants forecasting the beginning of a decline. But Housing Board resale flats defied the trend and continued to strengthen in value as sales grew … Read more
Strata board rules: It’s no go for Tampines Court sale
Ruling comes after 3 days of intense hearings to meet en-bloc deadline ANY hopes of collecting a windfall for their flats by the more than 400 owners of Tampines Court were dashed yesterday when their collective sale was thrown out by the Strata Titles Board (STB). While the majority owners were devastated, minority owners sobbed … Read more
CapitaLand appeal on Gillman deadline
CAPITALAND, the lead buyer of Gillman Heights, has asked the Court of Appeal to review one point of a High Court ruling that allowed the estate’s collective sale to proceed. Its move comes after a group of 10 minority owners from the estate filed an appeal over the sale earlier this week. CapitaLand bought the … Read more
