Allco REIT gets go-ahead to build hotel at China Square Central

Allco REIT gets go-ahead to build hotel at China Square Central
 
SINGAPORE : Allco Commercial REIT has been given the green light to build a 10-storey hotel with about 350 rooms at China Square Central.
 
The Urban Redevelopment Authority (URA) has granted Allco REIT permission to add 16,000 square metres of gross floor area to the [...]

Millennium & Copthorne New Zealand completes Auckland hotel deal

Millennium & Copthorne New Zealand completes Auckland hotel deal
 
SINGAPORE : Millennium & Copthorne Hotels New Zealand said it has completed its purchase of the Copthorne Hotel Auckland Harbourcity.
 
But in a filing to the Singapore Exchange, it said the price of the deal was confidential.
 
Millennium & Copthorne is funding the purchase with cash and [...]

Suntec REIT secures S$400m to refinance its bridging loans

Suntec REIT secures S$400m to refinance its bridging loans
 
SINGAPORE: Suntec REIT has secured a S$400 million loan to refinance its bridging loans.
 
It will be carried out through an unsecured club loan facility from a panel of banks.
 
The facility is for a period of three years.
 
The loan will help Suntec refinance an outstanding [...]

URA puts up Ophir-Rochor Road for sale by public tender

URA puts up Ophir-Rochor Road for sale by public tender
 
SINGAPORE: The Urban Redevelopment Authority (URA) has launched a white site for sale in the Ophir Rochor corridor.
 
The announcement did not come as a surprise, as the government had already indicated it will be sold under the confirmed list of the land sales programme.
 
The [...]

HDB launches 2 new BTO housing projects in Punggol and Sengkang

HDB launches 2 new BTO housing projects in Punggol and Sengkang
 
SINGAPORE : Two new HDB housing projects have been launched in Punggol and Sengkang under the Build-To-Order System on Monday.
 
Altogether, the two projects, Punggol Breeze and Fernvale Residence will offer 1,587 Premium flats, comprising 55 three-room, 1,222 four-room and 310 five-room flats.
 
As an [...]

Office property market slowing in Q2

Office property market slowing in Q2
 
SINGAPORE : Singapore’s office property sector market appears to be cooling a little.
 
According to property consultant DTZ, the average office occupancy rate for the second quarter of this year saw a dip of 0.2 percentage point.
 
Office rental prices have also been flat – suggesting that the market is [...]

Katong Mall sold to Tuan Sing Group for S$219m

Katong Mall sold to Tuan Sing Group for S$219m
 
SINGAPORE : Katong Mall has been sold in a collective transaction to property developer Tuan Sing Group for S$219 million.
 
Including a premium of S$24.5 million to top up the site’s lease, the price works out to about S$865 per square foot of gross floor area
 
The [...]

HDB launches 2 new BTO projects in Punggol & Sengkang

HDB launches 2 new BTO projects in Punggol & Sengkang
 
HDB is launching two new housing projects in Punggol and Sengkang under the Build-To-Order, or BTO, System today.
 
Over 1500 premium 3, 4 and 5-room flats will be offered under the projects.
 
With these two new projects, HDB has launched a total of around 4,500 units in [...]

Prime land at Ophir Road/Rochor Road up for sale

Prime land at Ophir Road/Rochor Road up for sale
A white site at Ophir Road and Rochor Road has been launched for sale by public tender today.
 
Releasing details of the tender, the Urban Redevelopment Authority said the 2.7 hectare prime site is envisioned to be an exciting mixed use cluster.
 
It will comprise integrated developments with [...]

Raising service quality at Housing Board the IT way

Raising service quality at Housing Board the IT way
 
is responsible for providing homes for more than 80 per cent of the population in Singapore, needs to be able to store a huge amount of data and have constant access to this data. To address this challenge, HDB decided to look for an information management solution [...]