Upcoming gems in Jurong
National Parks Board (NParks) will develop the Jurong Lake Gardens into a garden for the community, National Development Minister Khaw Boon Wan said in a blog post yesterday. Spanning over 70 hectare, the Jurong Lake Gardens will integrate Jurong Lake Park, the Chinese Garden and the Japanese...
Continue Reading • 19 Aug 2014
New Municipal Services Office to address estate issues
A Municipal Services Office (MSO) will be set up as a single authority to coordinate various government agencies to focus on service delivery. Agencies include HDB, Land Transport Authority (LTA), National Environment Agency (NEA), National Parks Board (NParks), PUB, Police, People's...
Continue Reading • 19 Aug 2014
Savills rebrands property management arm
The move will reinforce the Savills brand in Singapore and the region. Global property consultancy Savills has rebranded its property management business from SavillsCKH to Savills Property Management. The name change, along with a logo update, is expected to reinforce the Savills brand as...
Continue Reading • 19 Aug 2014
Vacant EC units up in Q2
The number of Executive Condominiums (ECs) left vacant significantly increased from around 726 units in Q1 2014 to about 1,634 units in Q2 2014, according to Urban Redevelopment Authority (URA) figures reported in the media. This translates to a vacancy rate of 12.2 percent, or more than twice...
Continue Reading • 19 Aug 2014
Jurong East hospital’s opening delayed until mid-2015
The Ng Teng Fong General Hospital, which was supposed to be completed by December, will push back its opening by about six months due to construction delays, Prime Minister Lee Hsien Loong said at the National Day Rally yesterday. In a statement, the Ministry of Health (MOH) said it has asked...
Continue Reading • 18 Aug 2014
Honouring urban greening excellence with LEAF
For efforts in providing greenery and ecologically friendly landscapes, 12 new and existing developments were recognised under National Parks Board’s (NParks) Landscape Excellence Assessment Framework (LEAF) on 13 August. New private developments bagging the award include Adana @ Thomson, Eco...
Continue Reading • 18 Aug 2014
Govt releases land parcels in Sembawang and Upper Thomson
A residential site at Lorong Puntong (pictured) and an Executive Condominium (EC) site at Sembawang Road / Canberra Link are launched for sale today under the H2 2014 Government Land Sales (GLS) Programme's Confirmed List. Together, these two sites can yield about 900 residential units....
Continue Reading • 18 Aug 2014
Lease Buyback Scheme to be extended to four-room flats
Making Singapore a home for all ages was one of the topics in Prime Minister Lee Hsien Loong's National Day Rally speech yesterday. This includes providing assurance in retirement for seniors. He said that, "the CPF scheme and homeownership are the twin pillars of our retirement adequacy."...
Continue Reading • 18 Aug 2014
Residential properties affected by Thomson-East Coast Line
Singapore's sixth rail line, the Thomson-East Coast Line (TEL), will be fully operational in 2024. The 13-kilometre East Coast stretch of the TEL covers areas such as Tanjong Rhu, Siglap, Marine Parade, Upper East Coast and Bedok South. It will be fully underground and will have nine stations,...
Continue Reading • 18 Aug 2014
Asians attracted to Galliard's Riverdale
More than 60 percent of sales at Riverdale House, Galliard Homes' new project n Lewisham, London, have been made to buyers from Asia and India, according to the British developer. Buyers, the developer reported, have been attracted by the regeneration opportunity provided by the project, and...
Continue Reading • 18 Aug 2014
Bangkok bounces back
New property launches in Bangkok rose by 26 percent quarter-on-quarter during the second three months of the year, although the totals still remain around 20 percent lower than those seen during the first half of last year. There were many positive signs for the Bangkok property market during...
Continue Reading • 18 Aug 2014
Singapore Garden Festival returns
Taller and more extensive garden and flower displays this year. The popular Singapore Garden Festival has returned for the fifth time at a new location – Gardens by the Bay. This year’s show will wow the crowds with bigger, taller and more extensive garden and flower displays from local...
Continue Reading • 18 Aug 2014
New site for S’pore artists to sell art online
Singapore's first Art Price Confidence Index to be introduced. Art collectors and investors looking to acquire impressive pieces of artwork can log on to a new portal called Kwerkeeart.com. Launched recently by Singapore-based Kwerkee Art, it offers a marketplace for artists in Singapore...
Continue Reading • 18 Aug 2014
Slight rise in new private home sales
Sales of new private homes in Singapore, including executive condominiums (ECs), rose marginally month-on-month to 535 units. In June a total of 531 units were sold according to data published by the Urban Redevelopment Authority (URA). Excluding ECs, the number of transacted units last month...
Continue Reading • 15 Aug 2014
EcoHouse defends "mis-understanding"
Reports in the Singapore media suggesting the Brazil Embassy in Singapore is unaware of the business of social housing developer EcoHouse have been rubbished by the company. Stories published yesterday claimed the Brazilian Embassy had said that its government had no dealings with the company....
Continue Reading • 15 Aug 2014
92 households took up the Silver Housing Bonus scheme
HDB revealed 92 households have benefitted from its Silver Housing Bonus scheme since it was introduced in February 2013, reported the media. Among those who benefitted is Choy Mui Leng. The 66-year old retired nurse tapped on the scheme by selling her four-room flat in Sengkang, and...
Continue Reading • 15 Aug 2014
36% of young Singaporeans have no savings
A number of Singaporeans within the age of 20 to 35 years old have zero savings, revealed a survey by EnjoyCompare.com as reported in the media. According to the report, 36 percent of the respondents have no savings, while a quarter have put aside less than $6,000 for rainy days. In...
Continue Reading • 15 Aug 2014
Koh Brothers' net profit soars 138% in Q2
Koh Brothers Group's net profit jumped 138 percent from $4.8 million in Q2 2013 to $11.5 million in Q2 2014. The record profit was on the back of higher group revenue mainly due to its real estate division which contributed higher sales in Q2 2014 and H1 2014, said Francis Koh, Managing...
Continue Reading • 15 Aug 2014
Queensland projects on show in Singapore
New Aussie properties to tempt Singapore buyers. Demand for Australian property remains strong, particularly in the north-east state of Queensland, with two residential projects from Brisbane and the Gold Coast being exhibited in Singapore this weekend (16-17 August). Comprising 195...
Continue Reading • 15 Aug 2014
Changing the construction productivity game
National Development Minister Khaw Boon Wan has laid out ways to speed up the adoption of “game-changing technologies” to boost construction productivity and reduce Singapore’s reliance on construction workers. In a blog post today, Mr Khaw said selected public sector projects will deploy such...
Continue Reading • 14 Aug 2014