Paya Lebar Airbase to make way for future town with 150,000 new homes

The moving of the airbase to Changi was announced in the National Day Rally of 2013. Paya Lebar Airport officially opened up in 1955, and also was Singapore’s first industrial global airport before Changi Airport was constructed. In 1981, Paya Lebar Airport was exchanged an armed forces airbase.

When Paya Lebar Airbase moves out in the 2030s, it will certainly be redeveloped into a brand-new town with around 150,000 new homes, says Prime Minister Lee Hsien Loong, at the National Day Rally on Aug 21.
Read likewise: The following chapter in Paya Lebar’s advancement

Musician’s impact of future community with main back on the website of the Paya Lebar Airbase when it’s transferred

” It will certainly be a distinctive and attractive heritage feature, unique to Paya Lebar,” says Lee.

The path stretches 3.8 km throughout the Paya Lebar Airbase.

The relocation of the airbase will additionally suggest some of …

Strata industrial unit at Delta House on the market for sale and lease back at $30 mil

JLL’s Zeng anticipates to see rate of interest from both financiers and also manufacturers offered the scarcity of freehold strata systems in the city edge. With the leaseback by the supplier, capitalists appreciate instant rental revenue stream he adds. Customers may likewise explore strata subdividing the great deal, subject to authorities’ authorization. No Additional Buyer’s Stamp Duty is applicable on the purchase of the purchase, and also foreigners are eligible.

A freehold strata industrial unit at Delta House, situated along Alexandra Road, is on the market available by private treaty with JLL as the unique advertising and marketing agent. The a sign rate for the system with a strata area of 23,562 sq ft is $30 million or $1,237 psf, claims Victor Zeng, JLL Singapore director of funding markets.

Situated in the city fringe, Delta House is within 700m walking distance to Tiong Bahru MRT terminal, near Tiong Bahru Plaza, …

Kingsford and MCC Land behind $890 mil bid for Chuan Park in biggest en bloc deal of 2022 so far

The 1,862-unit Normanton Park is completely offered as at Orchard Condo end June, 18 months after its launch in January 2021.
Normanton Park is a collective sale of the previous 488-unit privatised HUDC estate of the same name. Kingsford Development had bought the 661,005 sq ft, 99-year leasehold site for $830.1 million. Building of the brand-new 1,862-unit Normanton Park is taken care of by MCC Singapore, the building and also engineering arm of MCC Group, and is set up for conclusion by end following year.

Word on the street is that Chinese programmers Kingsford Development and also MCC Land are the parties behind the $890 million deal for Chuan Park. Earlier on July 15, a notice was sent by the collective sale committee chairperson of Chuan Park condo to all strata owners, revealing that a conference will certainly be hung on Monday, July 25 at 7.30 pm “to supply details …

Two-bedroom penthouse at Suites at Orchard selling for $2.27 mil

The device features a routine format with an en suite master bedroom, a 2nd bed room and also an usual bathroom. A little service lawn is connected to the open-concept kitchen area, which introduces the living and dining room. A stairs in the living-room results in the upper flooring and also a terrace close to the living room encountering Handy Road, while the upper floor consists of an unsheltered roof covering balcony. According to the building listing, the system is tenanted until December 2023 and also will certainly be marketed with the existing tenancy.

Highpark Residences Details

A two-bedroom penthouse device at Suites at Orchard is on the marketplace for $2.27 million. The guide cost for the 1,367 sq ft device translates to around $1,660 psf based on the flooring location. An owner’s sale, the system will be installed for public auction by ERA Realty on July 26.

The Dhoby …

Lim Wan Looi, wife of Fragrance Group’s boss, buys Good Class Bungalow at Bishopsgate for $65 mil

At Coronation Road West, another GCB is said to stated changed have actually for $47.288 million ($ 1,661 psf).

Copen Grand

At Coronation Road West, another GCB is said to stated changed hands for $47.288 million ($ 1,661 psf). The bungalow rests at the edge of Coronation Road West and also Holland Road.

The Good Class Bungalow (GCB) has been very energetic in recent months, with 3 deals done above $40 million over the past month. The most recent is a Good Class Bungalow resting on a 29,435 sq ft, property website at Bishopsgate sold for $65 million ($ 2,208 psf). It’s an old, single-storey cottage that is set back from the main road, shrouded by trees. The GCB is likely to be taken apart as well as redeveloped.

The purchaser is Lim Wan Looi, partner of Fragrance Group creator and executive chairman James Koh, that has been on a …

People’s Park Centre launched for collective sale at $1.8 bil

The historical Individuals’s Park Centre has been offered by means of collective tender at a reserve price of $1.8 billion. ERA has been appointed as the single marketing agency.

Copen Grand

Found at 101 Upper Cross Street, the development is alongside the Chinatown MRT Station (on the North-East Line and Downtown Line) and also a short drive to the CBD.
Presently, the mixed-use growth consists of 324 retail devices, 256 office devices and 120 residential devices, along with a carpark.

Completed in 1970, the 99-year leasehold site covers a land area of 95,457 sq ft with an allowed gross plot ratio of 8.6, translating to a maximum built-up area of 821,017 sq ft. ERA estimates the land price at $2,620 psf ppr after thinking about the differential premium and also lease top approximately a fresh lease.

Individuals’s Park Centre is situated in the historical district of Chinatown. Renowned spots including …

Rising HDB Property Prices in Singapore

Rising HDB Property Prices in Singapore has many implications for buyers. Not only does the economy impact the real estate sector, but also directly the local economy. So what are the implications of a rising HDB property price?

The impact is both on the local economy and on the housing market. While a rise in property prices will increase the income of those who can buy, it will also drive out the middle class, thereby reducing the demand for homes. The reduction in the supply of properties on the other hand will decrease the price of a home, resulting in lower prices for existing homes. This, in turn, will benefit those who can afford to buy, but not everyone. This has an indirect but significant impact on the rest of the economy.

Rising HDB Property Prices means that there are many people who can now afford to buy a home …

Importance of Construction Quality

In my previous article “The Importance of Construction Quality in Residential Developments” I explained the importance of building to build the perfect home. In that article I also explained how important it is to choose the right materials for the project. The reason why choosing the right materials is so important is because building a perfect home requires combining several different factors including: location, design, price, construction techniques and local ordinances. There are some more important things to consider that go beyond the materials selected.

Location is one of the most important aspects of the entire process. A lot of wasted time and money can be avoided if the site is chosen with accuracy. Make sure to ask the site developer for detailed information about the lot area, streetscape and any potential barriers. For example, if there is underground piping, the developer should explain that information clearly. Aesthetics should be …

Advantages of Condo Near to Amenities

If you are planning to acquire a house in the near future, be sure to look into some of the advantages of condos. In this way, you can get an idea on how it can improve your life in a big way. Moreover, with all these new benefits that condo offers, you will surely consider buying one. Here are some of its main advantages:

The most obvious advantage of owning a condo is the low monthly rental fees. Most condo owners pay around 15% less than the usual rental fees. Aside from low rental fees, you can also enjoy other amenities such as fitness centers, parks and green areas. Also, most buildings have air conditioning system installed. In short, you can stay comfortably cool during the hot days of the year.

If you are living in a spacious home, it would be difficult to have enough space for activities and …

The Verandah Residences Freehold Condo Oxley Holdings

With the world facing the ever-growing demand for places to live, people keep rushing into building house and structures to inhabit. The major problem caused by these is that the house are not well planned and thus in the long run affects urban development leading to urban issues. For this and many other reasons, it is advised that one seeks expert advice before building a house that will look beautiful and that will last long. The Verandah Residences is therefore a quintessential example for expertise architecture and durability as well as functionality.
The opening dates for viewing will be confimerd in the next coming weeks.

The Verandah Residences Oxley Holdings

The Verandah Residences project not only focuses on beautiful looks but also functionality in the long run. Therefore, it is located near every place a person may need on their everyday living. The social amenities in the Verandah Residences makes …