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White site at Woodlands Ave 2 'likely to require deep pockets'

 
Singapore BIDDERS for the white site at Woodlands Avenue 2 made available for application under the Government Land Sales (GLS) reserve list are likely to be limited to consortiums and major developers with deep pockets, say market observers. This comes from the land parcel being big and tied to some development restrictions. The site is being lined up as a key anchor in the upcoming 100-hectare Woodlands Regional Centre, which is to be developed... ...more
 

Builders venture abroad for new income streams, to diversify

 
Singapore SINGAPORE property developers have been diversifying into new markets and business segments in recent years after several rounds of property cooling measures, which have contributed to a tougher operating environment. Following the most recent measures, developers that The Business Times spoke to nonetheless still see Singapore as a core market and will continue to look for opportunities here, in addition to overseas. In July, the... ...more
 

Expand Construction tops in this year's E50 Awards

 
Singapore EXPAND Construction emerged the overall champion at this year's Enterprise 50 (E50) Awards, sending a clear signal that businesses can still triumph over the challenges in the external environment. The company, which placed third last year, outdid the field for the first time - a remarkable feat, considering the woes faced by the languishing construction industry in the past few years. The next two places were taken by new entrants -... ...more
 

YTL Land to launch freehold 'villas in the sky' on Dec 1

 
Singapore MALAYSIA-BASED property developer YTL Land & Development (YTL Land) will launch a 77-unit freehold condominium in Orchard Boulevard, with 53 apartments to be released for sale on Saturday. Located at 3 Orchard Boulevard, 3 Orchard By-The-Park will have an average selling price of S$3,400 per square foot, depending on the size of the unit. The condominium - envisioned by its Italian architect and designer Antonio Citterio as "villas in... ...more
 

Beauty World Plaza owners launch redevelopment site for tender

 
Singapore THE owners of the Beauty World Plaza retail and residential building are putting up the redevelopment site for tender with a reserve price of S$165 million, agent Knight Frank Singapore announced on Wednesday. The tender for Beauty World Plaza will close on Jan 30, 2019, at 3pm. The 2,305.6 square metre site in the Upper Bukit Timah neighbourhood comprises a single block with 61 retail units and 30 residential units. Under the Urban... ...more
 

Bukit Panjang property up for collective sale for S$42m

 
Singapore A ROW of apartments with commercial shops in Phoenix Road, Bukit Panjang, will be put up for collective sale via public tender on Thursday for S$42 million, marking the first time that the owners are embarking on an en bloc sale. This translates to a land rate of S$617 per square foot per plot ratio (psf ppr), and S$566 psf ppr after factoring in the 7 per cent bonus balcony gross floor area. No... ...more
 

Golden Wall Centre sold for S$276.2m on second collective sale attempt

 
Singapore FREEHOLD commercial property Golden Wall Centre has been sold en bloc for S$276.2 million to City View Holdings, a wholly owned subsidiary of Worldwide Hotels, which owns and manages hotel chains such as Hotel 81. The amount was higher than the reserve price of S$260 million, which was little changed from what the strata unit owners wanted in their first attempt at a collective sale in 2016. At S$2,331 per square foot per plot... ...more
 

Soilbuild buys Sembcorp EOSM for S$12.3m

 
Singapore SOILBUILD Construction Group on Wednesday said it is buying Sembcorp EOSM - an associated firm of Sembcorp Industries that designs and makes building materials in Singapore, Malaysia and India - for some S$12.3 million. The purchase involved buying the 60 per cent stake held by Sembcorp Industries' unit, and the remainder from a collection of sellers including Thye Chuan Engineering Construction and several individuals. The sale price... ...more
 
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