Development charge hikes set to ease collective sale fervour

The collective sales market in some prime areas will likely be further dampened by the¬†higher development charges (DC) for non-landed residential use¬†announced yesterday, said property consultants. The rates, which are assessed every six months, are payable by developers seeking to enhance the use of a site or build a bigger project on it. They shot … Continue reading Development charge hikes set to ease collective sale fervour

CapitaLand and CDL team up again – this time for Sengkang mixed development

FOR the first time in about a decade, property heavyweights CapitaLand and City Developments are teaming up for a project in Singapore. The duo have just clinched a plum 3.7-hectare commercial and residential site next to Buangkok MRT Station under a dual-envelope (price and concept) state tender. The site can yield a maximum gross floor … Continue reading CapitaLand and CDL team up again – this time for Sengkang mixed development

Kampong Bugis master developer tender to be launched in 1 to 2 years

A tender for a master developer to redevelop Kampong Bugis near the Kallang River into a car-lite residential precinct will be called in the next one to two years, The Business Times understands. The land up for tender, likely to stand at about 13 ha, is expected to have a 99-year leasehold. It includes a … Continue reading Kampong Bugis master developer tender to be launched in 1 to 2 years

Rivercove Residences EC units 80% sold at average S$965 psf

Rivercove Residences wrapped up the first ballot and booking exercise for the executive condominium (EC) with nearly 80 per cent of its 628 units sold at an average price of S$965 psf. Located in the Anchorvale Lane neighbourhood of Sengkang, it is the sole EC launch for this year and is being developed jointly by … Continue reading Rivercove Residences EC units 80% sold at average S$965 psf