HDB HDB Flats Property Singapore 

‘Forest Town’ Tengah’s first batch of HDB flats to be launched in November

SINGAPORE: Around 1,500 HDB flats will be the first to be launched in November this year at Tengah, the first new town in more than 20 years. Announcing this in a blog on Sunday (May 13), National Development Minister Lawrence Wong said this will be a “substantial offering” with a “good mix across different flat-types”. “Over the new few years, we will continue to have a steady stream of Tengah flats. When completed, Tengah Town will grow to about 700 hectares, roughly equivalent to Bishan in size,” Mr Wong said. He added…

Read More
News Ponzi Scheme Property Singapore 

Lawyer fined S$10,000 for failing to flag suspicious Sentosa Cove property transaction

SINGAPORE: Conveyancing lawyer Kang Bee Leng was fined S$10,000 on Tuesday (Apr 17) for failing to flag to the authorities a suspicious transaction involving more than S$5 million by a Chinese tycoon to buy property in Sentosa Cove. This was despite her suspicion that the money was linked to a multi-billion dollar Ponzi scheme in China after reading reports of her client’s arrest. Kang, the 56-year-old managing director of Sterling Law Corporation, pleaded guilty to the charge on Tuesday morning. She could have been fined up to S$20,000. A property…

Read More
Maylasia Property 

6 Reason to start investing in property in Malaysia

WHILE some investors have reservations regarding entering the property market now due to concerns about economic uncertainty, speaker Dr Renesial Leong has encouraged the investors to swim against the tide In the recent StarProperty.my Forum, Leong, who is both a real estate investor and a book author, shared the reasons on why one should invest in property now in her talk titled “Why it is time you should venture into real estate”. Malaysia’s market has exceeded all expectations The bright factors in Malaysia’s market including the appreciation of Ringgit that…

Read More
Property 

Tulip Garden sold for S$907m on fourth en bloc attempt

SINGAPORE: Tulip Garden condominium in Farrer Road has been sold for nearly S$907 million following a fourth attempt at a collective sale, with the selling price at a 20.4-per-cent premium to the original price tag. The freehold development, which was sold to Asia Radiant, is the second-largest collective sale in Singapore this year, marketing agent Colliers International announced in a news release on Thursday (Apr 12). The sale price translates to a land cost of about S$1,790 per square foot per plot ratio, said Colliers International. The owners of the development had…

Read More
Economy Property Singapore 

Condo resale prices up 1.9% in February to surpass last peak in prices four years ago: SRX Property

SINGAPORE – Resale prices of condominiums and private apartments crossed an important mark last month by surpassing the last peak in prices seen in January 2014, according to flash estimates from SRX Property on Tuesday (March 13). Resale prices in February climbed 1.9 per cent from the previous month – higher than the 1.3 per cent month-on-month price rise seen in January, which was revised up from an earlier estimate of a 1 per cent increase. February’s resale prices were one per cent higher from the peak in January 2014 and…

Read More
Property Singapore 

CapitaLand builds mega sky bridge in China’s Chongqing

Raffles City Chongqing’s curved accordion-shaped “horizontal skyscraper”, which sits atop four 250m-tall towers, can also boast of a world record for a commercial and residential complex, according to its developer. It has the highest sky bridge linking the most number of towers. Named The Conservatory, the sky bridge – 400m above sea level – includes a viewing deck, sky gardens, swimming pools, restaurants and pubs. Opening in phases next year, the 24 billion yuan (S$5 billion) complex by CapitaLand and Ascendas-Singbridge comprises eight towers with an overall construction floor area…

Read More
BCA Job Property Singapore 

Construction demand in Singapore to increase this year to up to $31 billion: BCA

The Building and Construction Authority (BCA) estimates that between $16 and $19 billion worth of public projects will be awarded this year.ST PHOTO: LIM YAOHUI SINGAPORE – Building firms here can expect a rise in the total value of construction contracts to be awarded this year, which is projected to be between $26 billion and $31 billion. The figure is up from the $24.5 billion last year, mostly due to an expected increase in public sector construction demand, which will make up about 60 per cent of total projected demand.…

Read More
News Property Singapore 

Young couples: Is BTO your only housing option?

  When it comes to purchasing their first home in Singapore, most couples and newlyweds go the tried-and-tested Build-To-Order (BTO) route. But do a little homework and you will find other options available for the first-time home buyer. Apart from a BTO, you can also consider an executive condominium (EC) unit, a resale HDB flat, or even a new or resale private condominium unit. At a recent, sold-out seminar organised by property developer MCL Land, speakers Mohamed Ismail (CEO of Propnex) and Tan KT (Associate Senior Marketing Director of Huttons)…

Read More
News Property 

Building maintenance to be part of design, and not afterthought, as part of industry overhaulBuilding maintenance to be part of design, and not afterthought, as part of industry overhaul

As part of the government’s real estate industry transformation map, a new framework to overhaul the building maintenance sector is set to be launched by the end of the year.PHOTO: ST FILE SINGAPORE – A building manager takes over a building, only to find that his maintenance equipment cannot fit through the narrow corridor of the new structure. It is a scenario building managers here say happens all too often because maintenance is typically regarded as an afterthought – something to be considered only after the gleaming building is complete.…

Read More
Environment Farming Property Singapore 

More urban farms, rooftop gardens in Singapore with enhanced greenery scheme

Urban farms, like this one at Raffles City, help to optimise under-utilised roof spaces. (Photo: Edible Garden City) SINGAPORE: Urban farms and communal rooftop food gardens might soon be a more common sight in Singapore, with the enhancement of an urban greenery scheme. This was announced by Second Minister for National Development Desmond Lee on Thursday (Nov 9), at the opening of greenery and landscape design event GreenUrbanScape Asia. The Landscaping for Urban Spaces and High-Rises (LUSH) programme, which aims to replace greenery lost during a building’s development or redevelopment,…

Read More