George Yeo says townships for foreign workers being considered
The Ministry of National Development is “seriously considering how to create townships for foreign workers which are sustainable and self-contained”. Foreign Minister George Yeo said this to reporters at a community event on Sunday. Foreign workers come under the spot light, after an announcement of plans to turn the former Serangoon Gardens Technical School in … Read more
Investing in land overseas
Singaporeans who want more bang for their buck are including foreign land banking as part of their investment portfolios. Many who do so are attracted by the potential high returns. On the previous Saturday, for instance, some 300 people turned up for a land banking investment talk by Edgeworth Properties at Conrad Hotel. There are … Read more
Long wait, but good returns in the end
It took 10 long years before land investor Helen Tay, 38, saw her investment bearing fruit. In 1998, the former lawyer turned network marketer bought two units of Canadian land from Walton International Group for C$50,000. Back then, she was told that it would be a five-year wait before the raw land obtained development approval. … Read more
Looking for your first home?
While there is little to be excited about in today’s quiet property market, it may be a good time for genuine home buyers to take advantage of the slowdown and scour the market for bargains. Now that the inauspicious Hungry Ghost month has passed, developers are gearing up to launch new projects and home sellers … Read more
Serangoon Gardens: Where 5,000 expats call home
Housewife Laura Tamburrini, who is from Switzerland, has never felt anything but welcome since she moved into Serangoon Gardens with her family two months ago. ‘Though I’m just getting to know the area, people here have been very warm,’ said the 34-year-old mother of two. She and her husband, who works in a Swiss bank, … Read more
Peranakan-style hotel coming up
The next time you take your overseas guests to dine in the East Coast, they can also head upstairs to stay for the night. A 65-room boutique hotel is slated to open in eight months at 400 and 404 East Coast Road. It will occupy the second floor of two two-storey buildings, while their ground … Read more
He came, he saw, he bought for a cool $15m
Whole-floor penthouse on 63rd storey is the most expensive buy so far at Marina Bay condo Even as the wind is being taken out of the sails in the high-end property market, one deal worth nearly $15.5 million was inked recently. Dr Bhupendra Kumar Modi, global chairman and founder of Indian conglomerate Spice Corp, bought … Read more
A place for 24/7 entertainment
Having coughed up nearly $151/2 million for his penthouse at The Sail @ Marina Bay, Dr Bhupendra Kumar Modi will plonk down another $2 million to do it up. That $2 million can buy six four-room HDB flats or a fairly posh condo unit. The money will go into making it a ‘high-tech’ penthouse with … Read more
What is white site?
Where do you see this? In land sales programmes and tender announcements. What does it mean? A white site is a site for which a range of uses is allowed, such as commercial, hotel, residential and retail. Developers have the flexibility to decide on the mix of uses and the amount of space for each … Read more
