Singapore Property and Real Estate News Portal

Katong Mall up for collective sale by tender Posted: 26 May 2008 1807 hrs SINGAPORE : Katong Mall is up for collective sale by tender. Under the Master Plan, the 99-year leasehold 78,158 square foot commercial development site has a gross plot ratio of up to 3.6, with an allowable building height subject to evaluation. [...]

URA closes tender bid for Choa Chu Kang site By Desmond Wong, Channel NewsAsia | Posted: 26 May 2008 2042 hrs SINGAPORE : The Urban Redevelopment Authority (URA) has closed the tender for a 53,200-square metre residential site at Choa Chu Kang Drive. The highest offer for the site was for S$116 million, which translates [...]

Mapletree, China firm to build apartments, retail mall in Guangdong By Channel NewsAsia | Posted: 26 May 2008 2335 hrs SINGAPORE: Mapletree Investment, the real estate branch of Singapore investment firm Temasek, has signed an agreement with China’s Guangzhou Southern-Donald Technology to build seven blocks of high-end service apartments and a retail mall. Mapletree will [...]

Shaw House, Shaw Centre may undergo major revamp next year By Timothy Ouyang, Channel NewsAsia | Posted: 12 May 2008 2145 hrs SINGAPORE : Another landmark near Orchard Road may soon get a facelift. Channel NewsAsia understands that Shaw Organisation is considering a major redevelopment of Shaw House and its neighbouring Shaw Centre. According to [...]

Three new linkways at Southern Ridges cost S$25.5m By Wong Siew Ying, Channel NewsAsia | Posted: 10 May 2008 1911 hrs SINGAPORE: The three new linkways at the Southern Ridges cost the Urban Redevelopment Authority S$25.5 million to build. To enjoy the view on foot, one must be prepared to spend at least two and [...]

Raffles Hotel has been sold – again Posted: 09 May 2008 1116 hrs SINGAPORE: The Grand Dame of Singapore will be getting a new master, yet again. Fairmont Raffles Hotel International, controlled by Saudi Arabian billionaire Prince Alwaleed bin Talal and United States-based private-equity company Colony Capital, is selling its stake in the 120-year-old Raffles [...]

A-REIT to buy business park building in Jurong for S$246.8m Posted: 09 May 2008 1937 hrs SINGAPORE : Ascendas Real Estate Investment Trust (A-REIT) is buying a business park building in Jurong for S$246.8 million. The property at 31 International Business Park is currently owned by multimedia firm Creative Technology. It has a gross floor [...]

Ho Bee’s Q1 net profit drops 62% to S$26m Posted: 08 May 2008 2027 hrs SINGAPORE: Property developer Ho Bee has reported a 62 percent drop in first quarter net profit to S$26 million. Its revenue also fell 62 percent to S$94 million. Ho Bee said this was mainly due to the lower recognition of [...]

Ascott acquires prime London property for S$116m Posted: 08 May 2008 2035 hrs SINGAPORE: CapitaLand’s Ascott unit has bought an existing serviced residence in London for S$116.4 million. The property is located within London’s ‘Midtown’ region at High Holborn. Ascott is currently leasing the property from Land Securities, the UK’s largest real estate investment trust. [...]

More land leased out to hostel tenants to meet demand from int’l students By Lee Khai Yan, Channel NewsAsia | Posted: 08 May 2008 2335 hrs SINGAPORE : International students in Singapore will soon have more housing options. With more students from overseas studying here, demand for hostels has increased. So the Singapore Land Authority [...]