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News

 

Garden City inspires project planners

 
Chinese developer Country Garden makes no secret that its planners took a leaf or two out of the Garden City's book when they drew up plans for its US$100 billion (S$139 billion) Forest City township. One of the clearest signs is the lush Singapore-style greenery evident in the design of the project, including a plant so common here that it is colloquially named after former prime minister Lee Kuan Yew. On a tour of the... ...more
 

Braddell flyover to open after long delay

 
After over four years and repeated delays, a new flyover connecting motorists from Lorong 6 Toa Payoh directly to the Braddell underpass will open on June 11 at 6am. The Land Transport Authority (LTA) said yesterday that, as part of the project, a stretch of Braddell Road between Toa Payoh North flyover and the Central Expressway (CTE) has also been widened from dual three-lanes to dual five-lanes. The new flyover will allow motorists travelling... ...more
 

Boustead Projects' Q4 earnings jump 165% on one-off gains

 
Singapore REAL-ESTATE player Boustead Projects reported a 165 per cent jump in fourth-quarter earnings, thanks mainly to one-off gains for the period. The group's net profit attributable to shareholders climbed to S$14.3 million in the three months ended March 31, 2017, from S$5.4 million the year before. This was despite a 35 per cent year-on-year drop in revenue to SS$38.5 million in the fourth quarter, due to lower revenue contributions from... ...more
 

Koh Brothers forays into S Korea with maiden property buy

 
Singapore Homegrown construction and property development firm Koh Brothers on Friday announced its maiden entry into the Korean real estate market, with its first property acquisition in the Gangnam district of Seoul. It had set up a joint venture with local developer Daeryun D & I Co (owning a 45 per cent of the JV) to acquire a freehold site for 95.8 billion Korean won (S$119 million). The existing YMCA building which sits on the... ...more
 

China group beats forecasts with record S$1b bid for GLS site

 
A LARGE residential plot at Stirling Road launched by the government drew a record price of over S$1 billion in a joint bid from Logan Property Holdings - a newcomer hailing from China's Guangdong province - and Chinese conglomerate Nanshan Group. The bullish bid of S$1,050.7 per square foot per plot ratio (psf ppr) on gross floor area for the 99-year-leasehold site also sets a new record in the Queenstown area, analysts point out. This... ...more
 

Record $1b bid for Queenstown land parcel

 
History has been made with a land parcel for homes in Queenstown fetching a bid above $1 billion - smashing the old record by more than $300 million. It is the first time that a purely residential site in the Government Land Sales (GLS) programme has crossed the billion-dollar mark. China-based developers Logan Property and Nanshan Group put in the top bid of $1.003 billion for the 21,109 sq m site in Stirling... ...more
 

30 BCA award winners lauded for creative ideas

 
Travelling in the United States and Europe to find ways to erect buildings that are friendly to the old, the young and the handicapped, CapitaLand's Mr Eng Tiang Wah was struck by the wide use of Braille in public areas. Inspired, the giant developer's vice-president for product development and design introduced Braille for almost all the signs at its integrated development in Cairnhill. Coupled with several other creative features, the... ...more
 

CDL launches sustainability blueprint for its business

 
Singapore ALIGNING with the nation's commitment to the Paris agreement, Climate Action Plan and the Sustainable Singapore Blueprint, City Developments Limited (CDL) introduced its new sustainability blueprint CDL Future Value 2030 on Monday. Outlined in CDL's latest Integrated Sustainability Report 2017, the blueprint highlights the Singapore-listed international real estate operating company's set of tangible environmental, social and governance... ...more
 
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