The construction and upgrading of HDB flats will be a major project in the months ahead. The National Development Ministry said these are ongoing projects which will not be affected by the economy. Construction costs may have gone up but so has the demand for public housing. National Development Minister Mah Bow Tan said: “The mix of the new flats that we're building will change from the bigger flats...
November 2008
Property developer City Developments Ltd (CDL) has been lauded for its Corporate Social Responsibility (CSR) practices. It clinched three awards at the Asian CSR Awards 2008. CDL is the only Singapore company to be recognised at the event. In a statement, CDL said its three CSR initiatives were selected for the awards, out of a total of 15 finalists across five categories. Among them was a campaign...
Lornie 18 constitutes to a resort residence and is clearly manifested in the nature-like setting of tropical flora and fauna and water features; while the home fixtures and fittings allows one to indulge in modern living. The novel concept of Lornie 18 lies in enjoying the characteristics of a landed property and indulging in condominium-like facilities such as swimming pool and barbecue areas at the same...
Property watchers and players in Singapore are increasingly hoping for some help from the government to boost the sluggish residential sector. New private home sales this year look set to hit their lowest levels since the 1997 Asian financial cisis. And the outlook is weak, amid the global downturn. Only 3,900 new private homes have been sold year to date. Property watchers said this could be the first...
Location: Jalan Dermawan (Hillview Ave) Tenure: 999yrs from 12 Oct 1885 Year of Completion: 2011 Total Units: 2 Cluster Bungalows + 12 Cluster Semi-Detach Unit Sizes: 4919sqft - 6706sqft Unit Types: 5+maid+family hall (2 Storey with Attic+ Basement) Features & Facilities: * Located at the higher ground with abundance of forest and superb view * Quality finishing * Master bath comes with Jacuzzi *...
Kaplan will set up a second city campus in the Orchard Road area by the end of 2009. The school said the 20,000 square-foot campus will cater to some 5,000 students. It expects 40 per cent of the intake to be international students. Kaplan opened eight campuses in mainland China in 2008. The new campus in Singapore will cater to students who are expected to complete their final year of study here. In a...
AS THE slump in demand for state land continues, the Urban Redevelopment Authority (URA) opened applications yesterday for two sites on the reserve list. Prior to yesterday, only one out of the 20 sites on this year’s reserve list on which sites have to receive an acceptable bid to trigger the tender process had been sold. And analysts Today spoke to expect the latest land parcels at Dakota Crescent...
Landlords and their retail tenants are seeking the same present from Santa as Christmas approaches - a return to the good times. The shop tenants are worried that there will be a dip in consumer spending as a result of the economic downturn. Meanwhile they are still paying top dollar for retail space. While market watchers say they certainly are not expecting rents to rise in the final quarter of this...
The dip in consumer spending due to the economic downturn has caused concerns among many retailers who are paying top dollar for retail space. Market watchers said they do not expect any rental growth in the 4th quarter, but some retailers may be holding out for concessions. Orchard Road, Singapore's prime shopping district, is set to welcome four new malls next year - ION Orchard, 313@Somerset, Orchard...
Frasers Hospitality has signed agreements to manage its first three properties in India. The first is a 50-unit serviced residence which will open in June next year, near Bangalore's new international airport. The second is a 153-unit serviced residence near the Bangalore IT Park. Both properties are owned by the Skyline Group. Under a third contract, Frasers will manage 99 serviced apartments for the...