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Developers gear up for flurry of launches before year-end

 
Singapore AFTER selling 7,220 private homes in the first nine months, developers are gearing up for a final burst of launch activity before taking the traditional year-end breather. Oxley Holdings is due to begin its preview soon for the 548-unit Kent Ridge Hill Residences. Singapore Press Holdings and Kajima Development are expected to finally begin sales soon of The Woodleigh Residences next to Woodleigh MRT Station, while City Developments is... ...more
 

Rochor's Golden Wall Centre hits en-bloc market again

 
Singapore GOLDEN Wall Centre has launched its second attempt at a collective sale, with a reserve price of S$260 million - little changed from what the strata unit owners wanted in a 2016 bid. This works out to a land price of S$2,194 per square foot per plot ratio for the freehold commercial property at 89, Short Street in Rochor, which is zoned for commercial use. The building, which is slightly more than 100 metres... ...more
 

Mapei boosts presence in Asia-Pacific through Singapore management base

 
Founded in the Italian city of Milan in 1937, the Mapei Group has been supplying construction solutions for more than 80 years. It is one of the leading global producers of adhesives systems for the installation of all types of floor and wall coverings such as tile adhesives and wood, luxury vinyl tiles (LVT) and textile-floor bonding products. Furthermore, the Mapei Group is very active in various other construction products, such as... ...more
 

Katong Park Towers gets Court's nod for en bloc sale to proceed

 
Singapore THE sale of Katong Park Towers has been given the green light by the High Court, following some owners' objection to the sale over factors like the method of apportionment. An order of sale was made for Katong Park Towers following a High Court hearing on Tuesday, Edwin Lee of Eldan Law told The Business Times. He represented the collective sale committee. A unit of Bukit Sembawang Estates bought the estate for S$345 million... ...more
 

Building on 40 years of experience - and for the future

 
YOU can say, but do you do; is a question that Rodney Cheong, 49, says guides his approach to running his family's architectural supplies business. The 49-year-old CEO and managing director of Seiko Architectural Wall Systems sees professional reputation as the key to long-term success. To him that means being committed and able to deliver on what you promise. After more than two decades with the firm, and 17 years running the business, he says... ...more
 

Straits Trading, MSC exploring ways to develop land in Penang

 
Singapore THE STRAITS Trading Company Limited has signed an MOU with Straits Trading unit MSC Properties Sdn Bhd to jointly explore ways to develop the land parcels in Butterworth, Penang owned by both parties. Under the MOU, both parties agreed to jointly work with any other parties to develop the lands, and/or sell the lands at a price at or above market value. MSC Properties is a subsidiary of Malaysia Smelting Corporation Berhad (MSC), which... ...more
 

URA site for hotel in Chinatown up for tender

 
Singapore THE Urban Redevelopment Authority (URA) released a government land sales site in Chinatown for hotel use on Thursday, with the land parcel possibly yielding as many as 390 rooms. The 99-year leasehold, 5,121.4 square metre (55,130 square foot) site, at the junction of Cross Street and Club Street, has a maximum gross floor area (GFA) of 24,310 sq m. Subject to the authorities' approval, up to two-fifths of the GFA can be used for... ...more
 

Freehold Serangoon Building on sale with $52m guide price

 
A freehold commercial property in Serangoon Road has gone on sale with naming rights possibly up for grabs. The six-storey building at 291 Serangoon Road - also known as Serangoon Building - has an indicative guide price of $52 million, or $2,611 per square foot (psf), based on a gross floor area of 19,913 sq ft. The 5,455 sq ft site on the corner of Serangoon and Burmah Roads has a gross plot... ...more
 
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