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Ten years after they were first marked for redevelopment, four blocks of flats in the mature Ang Mo Kio estate are finally facing the wrecking ball. in February 2017, Blocks 246 to 249 in Ang Mo Kio Avenue 2 and Avenue 3 will be demolished to make way for new homes.This includes the open-air carpark between these yellow and white 12-storey blocks, which are 39 to 40 years old.
Funan will close on July 1 this year for redevelopment works spanning three years, real estate developer CapitaLand said. It added that about 388,000 sq ft would be added to the mall's current gross floor area (GFA) of 482,000 sq ft, "creating a sizeable integrated development measuring 870,000 sq ft - about the size of ION Orchard".
In the effort to make Singapore car-lite, building owners can now apply to permanently convert excess carpark space to commercial or other uses in the central area. Taken with effect on April 15, the area includes Orchard, Bugis, City Hall, Chinatown, Raffles Place, Tanjong Pagar and Marina Bay.
ZHANG Min, the Chinese businesswoman involved in the Ezubao ponzi scandal, is believed to have been the buyer of a S$23.8 million bungalow along Lakeshore View in Sentosa Cove, the purchase of which has not been completed. Zhang is understood to have been uncontactable when the completion date for the property's purchase fell due earlier this year. Shortly thereafter news broke that a person beari
As the residential market continues to show signs of waking from its slumber, more condo launches are coming into the pipeline. Two projects where sales started last weekend had decent take-ups while bookings for an executive condominium begin this weekend.
Prices of luxury homes are hitting new lows at several developments as owners offload properties amid plunging rents. An owner at Cairnhill Plaza is said to have sold his roughly 3,000 sq ft four-bedder for about $1,300 per sq ft (psf) - the lowest psf price recorded at the project since 2007.
Rents of HDB flats continued to withstand the property market chill better than those of private apartments and condominiums, SRX Property's latest flash estimates out on Wednesday (April 13) showed. Rentals for non-landed private homes in March fell 1 per cent in March from February, when they dropped a revised 0.5 per cent. Private rents were flat in January and up 0.5 per cent in December, bre