Newton Edge @ Makeway Avenue
Location: Makeway Avenue (Newton) Tenure: Freehold Completion: Dec 2013 (contract) 2Q 2011 (expected) Total Units: 103 apartments in 2 towers of 13 & 19 storeys + 1 strata bungalow Unit Types: 1 bdrm / 1+study ~ 441-743 sqft 2 bdrm / 2+study ~ 624-915 sqft 2 / 3 bdrm duplex penthouse ~ 786-1464 sqft 4+1+1 … Read more
Long term measures to help HDB mortgage defaulters is best solution
The Housing and Development Board (HDB) will continue to keep tabs on flat owners who default on their HDB mortgage payments. It stressed that long term measures to help these owners manage their mortgage payment is the best solution, and that compulsory acquisition of the flat is a last resort. As of October 2008, some … Read more
Amendments to Property Tax Act clarify tax treatment for structural networks
Structural networks like pipelines, cables, ducts and railway lines will be subjected to property tax by January 1. The provision is one of the changes to the Property Tax Act which was passed in Parliament on Tuesday. Senior Minister of State for Finance Lim Hwee Hua says the Inland Revenue Authority of Singapore (IRAS) currently … Read more
URA seeks feedback on bridge name
The Urban Redevelopment Authority (URA) is seeking people’s views on proposed names for the upcoming bridge and art park at Marina Bay. Art and craft: Artist’s impression of the bridge at Marina Bay with its helical structure; Singapore’s first art park will be located nearby The proposed names for the pedestrian component of the bridge … Read more
Lian Beng wins S$84m DSTA deal
Lian Beng Group Ltd’s subsidiary, Lian Beng Construction (1988) Pte Ltd, has won an S$84 million construction contract from Defence Science and Technology Agency. The contract, which will start in November, is for the development of camp facilities at Kranji. It is estimated to take 22 months for completion. The contract is expected to have … Read more
Property Tax Amendment Bill passed, changes take effect from January
Parliament has passed the Property Tax Amendment Bill. One of the changes seeks to provide clearer rules under which structural networks of pipelines, cables, ducts and railway lines are taxed. This will bring Singapore in line with the practice in the United Kingdom and Hong Kong. While machinery is excluded from property tax, these structural … Read more
Feedback sought on proposed names for 2 iconic spaces at Marina Bay
The Urban Redevelopment Authority (URA) is seeking public feedback on the proposed names for two iconic spaces at Marina Bay. The first is the landmark bridge which comprises two linkways for pedestrians and vehicles going to Marina Centre from the Bayfront area. Designed to resemble the double helix structure of a DNA, the proposed names … Read more
UAE interiors contractor bags Marina Bay Sands job
Depa Ltd, the United Arab Emirates-based interiors contractor fitting out the world’s tallest tower in Dubai, has won a contract worth 50.7 million dirhams (S$21 million) to fit out a resort in Singapore, reported Bloomberg yesterday. Depa and its partner, DDS Contracts & Interior Solutions Pte Ltd, will refurbish parts of the Marina Bay Sands … Read more
S’pore property fund index in the works
Compiler seeking more data from portfolio managers THE Investment Property Databank (IPD), a global provider of real estate investment indices, is calling for more support from property fund managers in Singapore to develop a national index. ‘An IPD Singapore Index would bring an internationally recognised property benchmark to the regional property sector, enhancing market transparency … Read more
About 50 homebuyers walked away from deals in October
But trend not likely to escalate as it was a month when bourses tanked THE number of private homes returned to developers shot up last month on the back of a sharp dive in confidence due to the stockmarket crash. Homebuyers returned 50-odd units to developers in October, compared with 10-plus units each in the … Read more
