Govt eyes to amend Land Acquisition Bill
The government has proposed to amend the Land Acquisition Bill, which could see landowners receive better compensation when their land is compulsorily acquired by authorities for development, said media reports.Among the proposed changes is abolishing the Betterment Levy, which is the levy...
Continue Reading • 8 Jul 2014
Works on Tun Razak Exchange's Lifestyle Quarter to begin next year
Lend Lease has been chosen, with CBRE involved in the selection process, as a major joint venture partner for the Lifestyle Quarter of the Tun Razak Exchange (TRX), Kuala Lumpur’s upcoming financial district.CBRE is also an advisor to 1MDB Real Estate (1MDB RE), a strategic development...
Continue Reading • 7 Jul 2014
Savills announces new MD, Head of Investment Sales & Residential
Steven Ming has been promoted to Managing Director, Head of Investment Sales & Residential Services at Savills. He will have an oversight of the business space, residential sales, residential leasing, prestige homes and international residential sales businesses at the Savills Singapore...
Continue Reading • 7 Jul 2014
New transport hub in Bedok by year-end
The new Bedok Integrated Transport Hub (ITH) is expected to open in the fourth quarter of 2014, said the Land Transport Authority (LTA) in a statement. The 1.6 hectare air-conditioned ITH is linked to Bedok Mall, and there will be 400 sq m of commercial space at the hub.Equipped with barrier-free...
Continue Reading • 7 Jul 2014
MDIS awarded for green efforts
Recycling rainwater and daily rationing of aircon use are just some of the eco-friendly features at MDIS’ Stirling Road campus that helped the private school win the Best Eco Practices (Merit) Award at Eco Action Awards 2014. With these features, MDIS currently saves 100,000kwh of energy...
Continue Reading • 4 Jul 2014
Asset-rich, cash-poor citizens can appeal for help
Singaporeans who live in homes with a high Annual Value (AV) but do not earn considerable income can ask for additional subsidies from the government to cope with the higher cost of MediShield Life, according to media reports. All they need to do is write to the Ministry of Health, and the...
Continue Reading • 4 Jul 2014
The Interlace clinches first Urban Habitat Award
The Interlace recently added another accolade to its list.Developed by CapitaLand Singapore and Hotel Properties, the condominium has won the inaugural Urban Habitat Award from the Council on Tall Buildings and Urban Habitat (CTBUH), a Chicago-based organisation.The award is newly established...
Continue Reading • 2 Jul 2014
New NTU hostel to have prefabricated features
Singapore-listed BBR Holdings will build a new residence hall at the Nanyang Technological University (NTU).Its wholly-owned subsidiary, Singapore Piling & Civil Engineering, has secured a $196 million contract for this project which will built at NTU North Hill precinct.There will be six...
Continue Reading • 2 Jul 2014
Koh Brothers ready for productivity requirements
Koh Brothers was awarded a $126.5 million construction contract for the new Executive Condominium (EC) in Jurong West by KBD Westwood, a Koh Brothers’ Joint Venture Company.The development will have Prefabricated Bathroom Units, and other prefab and precast components.To improve the level...
Continue Reading • 2 Jul 2014
Test-bed for smart city solutions in the west
Jurong Lake District (JLD) (pictured) will undergo several pilots and trials of smart technologies, such as using video analytics for traffic conditions at junctions.Minister for Communications and Information, Dr Yaacob Ibrahim shared this at the opening ceremony of the annual Infocomm Media...
Continue Reading • 2 Jul 2014
Recognition for blending old and new
Far East Square and AMOY have jointly been nominated as a finalist for this year’s ULI Global Awards for Excellence.The mixed-use heritage conservation project at Telok Ayer Street by Far East Organization preserves and renovates old shophouses into modern retail and entertainment...
Continue Reading • 2 Jul 2014
Lock+Store to open first overseas facility
Lock+Store will open its first facility in Malaysia come October 2014. 12,000 sq ft of its mixed-use office and warehouse complex at Temasya Industrial Park in Shah Alam will be used for self-storage purposes.Helen Ng, CEO of Lock+Store said, “The average self-storage user tends to be a...
Continue Reading • 2 Jul 2014
Scaling new heights
The Council on Tall Buildings and Urban Habitat (CTBUH) has named four regional winners for its annual Best Tall Building Awards.The winner in the Asia & Australasia category is One Central Park (pictured) by Sekisui House Australia and Frasers Property, the international property arm of...
Continue Reading • 2 Jul 2014
APREA launched new Chairman/CEO Leadership Series
The inaugural Asia Pacific Real Estate Association (APREA) Chairman/CEO Leadership Series on 30 May saw over 100 delegates with Lim Siong Guan (pictured), Group President of Government of Singapore Investment Corporation (GIC), as guest-of-honour. The series serves as a platform to share...
Continue Reading • 2 Jul 2014
REIW recognises excellence in real estate
The Real Estate Investment World (REIW) Awards for Excellence on 25 June, honoured the best in the industry, namely Individuals and organisations who showed strong capabilities to grow, outperform and adapt to changing market conditions.Winners, listed here, were selected strictly based on...
Continue Reading • 2 Jul 2014
New Canberra MRT station likely to be near BTO flats
Singapore will soon have a new MRT station on the existing North-South Line.The Canberra station will in between the Yishun and Sembawang stations.Minister for Transport Lui Tuck Yew announced this today at the Groundbreaking Ceremony of the Thomson Line. He said the Land Transport Authority...
Continue Reading • 2 Jul 2014
UOL, VSA add vibrancy to tunnel
The pedestrian underpass in Novena now spots a fresh splash of sparkle in the form of colourful murals on youth and sports.The installation of one of the longest underground murals in Singapore is to raise funds for Very Special Arts Singapore (VSA) as part of UOL Group’s 50th anniversary...
Continue Reading • 2 Jul 2014
Singapore tops transparency scorecard in Southeast Asia
Singapore has been deemed “transparent” among the world’s real estate markets in 2014The eighth edition of JLL and LaSalle Investment Management’s biennial Global Real Estate Transparency report ranked Singapore as number one in the region in the transparency of commercial...
Continue Reading • 2 Jul 2014
Keppel Corporation's CFO joins Keppel Land's Board of Directors
Keppel Land has appointed Chan Hon Chew onto its Board with as a non-independent, non-executive Director with effect from today.He is also the Chief Financial Officer of Keppel Corporation. Loh Chin Hua, Chairman of Keppel Land and CEO of Keppel Corporation, said, "I am confident that Hon...
Continue Reading • 2 Jul 2014
Data Protection regulations start today
The Personal Data Protection Act 2012 (PDPA) is in full effect as of today, after an 18 month transition period for companies to prepare for compliance.Organisations will now have to comply with rules in the Data Protection provisions of the PDPA, along with the Do Not Call provisions implemented...
Continue Reading • 2 Jul 2014