Nathan Residences
Location: 23/25 Nathan Road (District 9) Tenure: Freehold Site Area: approx 2165.8 sqm / 23,313 sqft Expected Completion: Dec 2015 (contract) early 2012 (expected) Total Units: 91 in 2 blocks of 12 storeys Unit Types: 1 bedroom ~ 55 – 80 sqm (42 units) 1 bedroom + roof terrace ~ 94 sqm (4 units) 2 … Read more
Regional countries look at PPPs for infrastructure development
Governments in Asia are starting to explore the potential of working with private firms when developing domestic infrastructure. Such public-private partnerships, or PPPs, have been a mainstay in countries like Britain and the United States in the past decade. And it is starting to catch on in the region as governments look to cut costs … Read more
Housing: S’poreans first, reiterates HDB
I REFER to the letters, ‘Citizens may suffer as PRs buy up HDB Flats’ by Mr Chua Teck Kee (July 15) and ‘Home and Singapore from a PR’s viewpoint’ by Mr Amit Nagpal (July 25). We wish to reiterate the principles underlying our public housing policy. First, public housing in Singapore caters primarily to the … Read more
Standards of housing agents: How will two-tiered scheme help?
I REFER to yesterday’s letters ‘Test ensures housing agents are more qualified’ by Mr David Ong, president of the Association of Singapore Estate Agencies, and ‘Two-tier test system raises standards of estate agency industry’ by Mr Wilson Lim, executive director of the Singapore Accredited Estate Agencies (SAEA). Both were responses to Mr Steven Lau’s ‘HDB … Read more
Retailers hit by soaring rentals
FOR a retailer, it is a nightmare scenario – getting stuck in a shop with expensive rent that attracts no shoppers. Yet retail rental levels, especially in prime areas, are still skyrocketing despite the slower economy. That has left industry players wondering if retailers who committed to lease shop spaces at very pricey levels have … Read more
Hoi Hup-Led Group Wins HDB Project
It will build 1,200 DBSS flats at Lor1A Toa Payoh THE Housing and Development Board yesterday awarded a Design, Build and Sell Scheme (DBSS) site at Lorong 1A Toa Payoh to a Hoi Hup Realty-led consortium that emerged as the top bidder when the tender for the site closed on Tuesday. The winning bid of … Read more
GuocoLand’s gains fall 43% on lower property sales
COOLING regional property markets have taken a hefty chunk out of GuocoLand’s bottom line. The property developer’s full-year net profits plunged 43 per cent to $161.8 million on the back of a 4 per cent dip in revenue to $670.9 million. Besides lower contribution from property sales, GuocoLand enjoyed significant one-off contributions for the 2007 … Read more
GuocoLand FY08 net falls 43% to $162m
PROPERTY developer GuocoLand’s earnings for the full year ended June 30 fell 43 per cent as it saw lower sales from its property development projects in Singapore and a one-third fall in other income. Net profit attributable to equity-holders fell to $161.84 million from FY2007′s $281.89 million. Earnings per share dropped to 20.17 cents from … Read more
Bid for DBSS site goes to Ho Hup, Sunway Devts & Hoi Hup
The Housing and Development Board has awarded the tender for a public housing site under Design, Build and Sell Scheme (DBSS) to Ho Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Hoi Hup JV Development Pte Ltd. Their successful joint bid was S$198,822,000 for the site at Lorong 1A Toa Payoh. The plot has … Read more
Li Ka-Shing says ‘worst is yet to come’ in global economy slump
Hong Kong billionaire Li Ka-shing, who predicted China’s stock market bubble would burst, says the ‘worst is yet to come’ from the global credit crunch. The crisis is turning Li ‘very conservative about acquisitions’, he told reporters here yesterday while announcing the results of his companies Hutchison Whampoa Ltd and Cheung Kong (Holdings) Ltd. The … Read more
