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The property market in Singapore, having a rich prospect, offers great deals to clients and investors; and undoubtedly, we are among the best in terms of providing properties on rent. You can always approach us if you require apartments, condominiums and houses at reasonable prices and in great locations. One great thing about making investments in Singapore is that the economy of Singapore gives you great returns. We provide you with the best property deals whether you want to buy, sell, or rent properties. Our real estate firm in Singapore specializes in management of property and services related to investment advisory, management of assets, consultation of properties, and property listings in Singapore.

With us, you will enjoy the best deals at great prices whether you are a buyer or a seller. Our services include helping you with properties and houses in Singapore for sale or for lease. If you want to sell or lease out your property, then we are among the best agents to find you a suitable buyer or lease for your property. Moreover, we provide you with speedy updates as soon as we have any useful information for you. Being the best among the Singapore property firms, we provide you with the added advantage of listing your property classifieds with us for free! These free property classifieds are very helpful, as you can also give ads about your property or your requirement for a property.

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Hong Leong to build 400-unit residential project in Serangoon

Hong Leong to build 400-unit residential project in Serangoon

By Irene Chan

SINGAPORE: Hong Leong Holdings said it plans to build a unique residential development on a land parcel at Serangoon Avenue 3.

The developer said the project will be cutting edge in both design and concept.

It will feature over 400 units, which will be sized according to the needs of customers within the area.

The 99-year leasehold site has a permissible gross floor area of about 418,000 square feet.

The company won the tender for the site with its top bid of S$221 million.

The project is expected to be launched in the first half of 2010.

- CNA/sc

Source : Channel NewsAsia - 27 October 2009

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82% of Lincoln Suites snapped up in soft launch

82% of Lincoln Suites snapped up in soft launch

By Irene Chan

SINGAPORE: Eighty-two per cent of the residential development, Lincoln Suites, was snapped up within four days of the soft launch.

A total of 46 of the 56 units under phase one were taken up by the close of the soft launch on Sunday. This comprised 15 studio units and 31 one-to-three bedroom units.

Lincoln Suites is a 30-storey, freehold development off Newton Road. It is targeted to be officially launched this weekend and completed by the end of 2014.

The consortium behind the project comprises Koh Brothers, Heeton Holdings, KSH Holdings and Lian Beng Group. The companies said the soft launch was very well-received.

- CNA/sc

Source : Channel NewsAsia - 27 October 2009

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Laguna Park could go at 20% discount to initial tender price

Laguna Park could go at 20% discount to initial tender price

By Ng Baoying

SINGAPORE: Home owners at the Laguna Park condominium in Marine Parade are now faced with the choice of selling their homes at an average of 20 per cent lower than their initial asking price.

This comes after a failed tender earlier this month.

Then, the site received a bid from an Indonesian-owned, locally incorporated company of S$1.728 billion, but a downpayment could not be made in time.

Since then, the collective sale committee has circulated a letter informing owners of a new potential selling price of S$967 million.

Under en bloc sale regulations, 80 per cent of owners need to vote in favour of this price tag before the sale can proceed.

When Laguna Park opened for tender in September, most owners stood to gain around S$2.1 million to S$2.3 million each. Penthouse owners would have gotten between S$3.5 million and S$4.1 million each.

But at the new price being considered now, owners will get almost 20 per cent less or about S$1.8 million.

Some analysts said this price might be too low to be attractive to sellers. But they said sellers need to take into consideration some of the less positive aspects of the property.

Nicholas Mak, property consultant, said: “They must be aware that this is an ageing development and the lease of 99 years has been run down significantly.”

He added that sellers who are planning to buy similar properties that also have a view of the sea will probably have to pay as much as SS$2 million.

And he expects most owners to have to have to downgrade from their older, but more spacious units, to smaller new homes.

Charges to top up the lease to a 99-year term and to increase the site’s plot ratio comes up to about S$440 million.

Earlier, buyers would have been looking at paying around S$850 per square foot per plot ratio - a price many analysts considered expensive.

At the new prices, the cost comes down to S$700 per square foot per plot ratio for the 528-unit leasehold Marine Parade project.

Property consultancy Colliers said S$967 million is a more realistic selling price, and could lead to some developers re-considering the tender.

However, many analysts also noted that the total price is still very hefty for any one local developer in today’s market.

Laguna Park has a land area of 677,463 square feet, which means about 1,500 apartments can be built on the site.

According to the development’s marketing agent Credo, the sales committee has until around mid-November to strike a deal with a buyer, before the collective sale agreement expires on December 19. - CNA/vm

Source : Channel NewsAsia - 27 October 2009

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HDB puts up Jurong West land for tender at Westwood Avenue

HDB puts up Jurong West land for tender at Westwood Avenue

By Channel NewsAsia

SINGAPORE: The Housing & Development Board (HDB) on Monday accepted an application under the Reserve List System to put up a residential land parcel at Jurong West for public tender.

HDB said it will launch the tender for the land parcel in about two weeks.

The land parcel is at Westwood Avenue and it is proposed for the development of landed housing.

The area covers 14,098.9 square metres and is for a lease term of 99 years.

Under the Reserve List System, the government will put up a Reserve List site for public tender if it receives an application from a developer who commits, by signing an agreement and paying a deposit of five per cent of the bid price, to bid for the site at or above the minimum offer price.

For this site, the minimum offer price has been set at S$15,000,000.

- CNA/yb

Source : Business Times - 27 October 2009

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Landed housing site on reserve list set for sale

Landed housing site on reserve list set for sale

By EMILYN YAP

(SINGAPORE) Demand for residential land has spread from the non-landed to the landed sector. For the first time this year, a developer has triggered for sale a government landed housing site, and consultants are expecting to see some competition for the plot.

Ms Tay: Believes that the site could draw around five to eight bids, some from newcomers
The 99-year leasehold parcel on Westwood Avenue, Jurong West, is on the government reserve list and has a site area of 14,098.9 square metre. The plot is surrounded by other landed estates such as Westwood Park, The Floravale condominium, and is near the Pan-Island Expressway.

An unnamed developer has committed to bid at least $15 million or $99 per square foot of land area for the site. HDB will launch the tender for the plot in about two weeks. Property consultants expect to see at least five bids for the site.

DTZ head of South-east Asia research Chua Chor Hoon reckons that there would be around 10 bids. ‘There are not many landed homes in the west, and there is demand not just from HDB upgraders, but also from those working nearby in Nanyang Technological University and the industrial estates,’ she says.

Colliers International research and advisory director Tay Huey Ying believes that the site could draw around 5-8 bids - some from newcomers - because not many ‘mass-market landed sites’ have been available in the market.

Savills Singapore research & consultancy senior manager Christine Sun adds that the upcoming development of Jurong Lake District could lead to more commercial activities and employment in the area, translating to greater housing demand and possibly higher rental yields.

Wide-ranging estimates have been made for the winning bid. DTZ foresees that the site can house mainly terrace houses - about 50-55 of them - and the top bid could reach $25-30 million, or $165-200 psf of land area.

This, in turn, would lead to a breakeven cost of $295-330 psf. Each unit may eventually be sold for $1.1-1.2 million, or $580-680 psf.

Savills believes that the site would be able to hold around 60 terrace units. Indicative bids would range from $16.7 million to $21.2 million, or around $110-140 psf of land area. The sale price of each unit could come up to around $1-1.1 million.

Going by caveats lodged in July and August, terrace houses at the adjacent Westwood Park changed hands at $454-510 psf, or $850,000 to $1.13 million.

The land parcel on Westwood Avenue was previously on the Confirmed List and had been put out for tender in January last year. The government did not award the tender as the two bids tendered - $11.8 million and $10.33 million - were considered too low.

Source : Business Times - 27 October 2009

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S’pore’s first zero energy building launched

S’pore’s first zero energy building launched

It costs $11m to retrofit and is the first building of its kind in SE Asia

By JOYCE HOOI AND UMA SHANKARI

(SINGAPORE) The republic’s first zero energy building (ZEB) was launched by National Development Minister Mah Bow Tan yesterday at the start of Singapore Green Building Week.

Touch of greenery: The ZEB is estimated to be about 40-50% more efficient than a normal office building of a similar layout, and all things being equal, is expected to save $84,000 in electricity costs
The ZEB, within the Building and Construction Authority’s BCA Academy, costs $11 million to retrofit and is the first building of its kind in South-east Asia.

It does not need any external energy supply. The roof is fitted with about 1,540 square metres of solar panels that generate about 207,000 kilowatt hours of electricity a year - enough to power 45 four-room HDB apartments.

The ZEB is estimated to be about 40-50 per cent more efficient than a normal office building of a similar layout, and all things being equal, is expected to save $84,000 in electricity costs.

BCA chief executive John Keung estimates that retrofitting a building to qualify for the Platinum Green Mark award would cost a 5 per cent premium on average.

BCA is using the ZEB as a testing ground for various kinds of efficient devices such as single coil twin-fan ventilation systems and mirror ducts.

The refinement of these technologies is geared towards meeting the target set out in the Singapore Sustainable Blueprint, which aims to have 80 per cent of all buildings in Singapore achieve at least the basic Green Mark Certification by 2030.

‘The greening of buildings provides a new growth opportunity for our construction industry,’ Mr Mah said.

‘We have an existing stock of over 210 million sq m of building floor area. The retrofitting of existing buildings for greater energy efficiency will involve several steps: First, auditing the buildings to identify the key inefficient areas; second, upgrading to newer and more energy-efficient equipment; and third, ensuring that building operations are run in an energy-efficient manner.’

Besides investment in new technologies, the move to green buildings also presents an opportunity to invest in new manpower capabilities, Mr Mah said. Singapore needs to build up a ‘green collar’ work force of 18,000-20,000 specialists within the next decade to develop, design, construct, operate and maintain the green buildings, he said.

The inaugural Singapore Green Building Week is part of BCA’s roadmap to expand and share Singapore’s green building initiatives with overseas specialists and industry leaders.

The event will be anchored by the three-day International Green Building Conference, which kicks off tomorrow. The conference is expected to draw around 1,000 delegates from more than 20 countries.

Source : Business Times - 27 October 2009

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Internet might have non-English domain names soon

Internet might have non-English domain names soon

Issue to be analysed by ICANN’s board at this week’s meeting

(SEOUL) The Internet is set to undergo one of the biggest changes in its four-decade history with the expected approval this week of international domain names - or addresses - that can be written in languages other than English, an official said yesterday.

The Internet Corporation for Assigned Names and Numbers, or ICANN - the non-profit group that oversees domain names - is holding a meeting this week in Seoul. Domain names are the monikers behind every website, email address and Twitter post, such as ‘.com’ and other suffixes.

One of the key issues to be taken up by ICANN’s board at this week’s gathering, is whether to allow for the first time, entire Internet addresses to be in scripts that are not based on Latin letters.

That could potentially open up the Web to more people around the world as addresses could be in characters as diverse as Arabic, Korean, Japanese, Greek, Hindi and Cyrillic - in which Russian is written.

‘This is the biggest change technically to the Internet since it was invented 40 years ago,’ Peter Dengate Thrush, chairman of the ICANN board, told reporters, calling it a ‘fantastically complicated technical feature’.

This change is very much necessary for not only half the world’s Internet users today, but more than half of probably the future users as the use of the Internet continues to spread.

- Rod Beckstrom,
ICANN’s new president and CEO

He said he expects the board to grant approval on Friday, the conference’s final day.

The Internet’s roots are traced to experiments at a US university in 1969 but it wasn’t until the early 1990s that its use began expanding beyond academia and research institutions to the general public.

Rod Beckstrom, ICANN’s new president and CEO, said that if the change is approved, ICANN would begin accepting applications for non-English domain names and that the first entries into the system would likely come sometime in mid 2010.

Enabling the change, Thrush said, is the creation of a translation system that allows multiple scripts to be converted to the right address.

‘We’re confident that it works because we’ve been testing it now for a couple of years,’ he said. ‘And so we’re really ready to start rolling it out.’

Of the 1.6 billion Internet users worldwide, Mr Beckstrom - a former chief of US cybersecurity - said that more than half use languages that have scripts based on alphabets other than Latin. ‘So this change is very much necessary for not only half the world’s Internet users today, but more than half of probably the future users as the use of the Internet continues to spread,’ he said.

Mr Beckstrom, in earlier remarks to conference participants, recalled that many people had said just three to five years ago that using non-Latin scripts for domain names would be impossible to achieve.

‘But you, the community and the policy groups and staff and board have worked through them, which is absolutely incredible,’ he said.

ICANN is headquartered in the United States in Marina del Rey, California. — AP

Source : Business Times - 27 October 2009

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