Sales programme and a developer has committed the absolute minimum bid for the improvement.

Forestwood Residences is a 99-years leasehold Serangoon Condo in District 19. It is under reservation list of the Government Property Sales programme and a developer has forestwood residences committed a minimum bid for the improvement. The absolute amount of bids obtained for the tender is 11 and this signals that there are great interest in the plum site despite market conditions. Analyzers note the developers are keen to shore up their land banks due to the fact that there are actually less sites accessible for sale and thus this parcel managed to gather many interest among the developers.

Plans are underway for the landscape building of Forestwood Residences condominium which includes a swimming pool for the residents to relax as well as a tennis court for some quality time with your family. Additionally, there are plans to include both an indoor and outdoor health club.

$14m awarded for 5 research projects

The Ministry of National Development and the National Research Foundation have awarded $14 million in capital to five research projects, out of the 26 white papers submitted for the second call for proposals under the Land and Liveability National Innovation Challenge (L2 NIC).

“The awarded projects presented opportunities to use technology to enhance the living environment for Singaporeans, as well as push The Clement Canopy the frontier of possibilities for future development of dwelling spaces,” both agencies said in a joint statement.

Launched in July 2015 during, and Congress the Urban Sustainability R&D closed in August of the same year, the second call for proposals under the L2 NIC aims to challenge the research community to come up with innovative solutions.

Specifically, its aims are to improve the cost effectiveness of developments that are subterranean by 50 percent, as well as enrich human comfort and well being by reducing ambient temperature by 4°C and surrounding noise by 10dBA in urban areas.

The five research projects that received funding included a projected study by Nanyang Technological University’s (NTU) Assistant Professor Wan Man Pun to develop cool surface materials, which can help lower the heat on buildings and road surfaces.

A project by Lee Fook Hou, Associate Professor from the National University of Singapore (NUS), includes developing a prototype gear to slash the building costs of belowground developments by empowering direct injection of cement into soft earth around corners and obstructions.

NUS Associate Professor Ho Ghim Wei means to create a nanocomposite material for buildings that help purify the atmosphere and can transform heat into electricity.

Another proposed study by NTU’s Professor Chu Jian aims to develop a web-based three dimensional geological and geotechnical data modelling and management system, to reduce construction cost and increase productivity for future developments that are underground.

Meanwhile, NTU Associate Professor Gan Woon Seng plans to create a software system that can simulate noise and how the surroundings affects it. Through this, he expects to develop soundscape concealing techniques to decrease the effect of loud noises.

Luxury residence looking takes to the heavens

There is certainly a brand new means to go high-end house hunting.

We do’t do it for just anyone – they have to be quite well-certified,” mentioned Gwen Banta, a La-based luxury agent, who has flown customers over US$16 million homes and US$1 1 million in Southern California. “You get that they’re and view in love with the area before they actually touch ground and come in over the lake.”

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“To supply something that a person that was truly rich would value just isn’t an easy action to take,” mentioned Chris Feurer, CEO of Jameson Sotheby’ s Global Realty in Chicago.

But how much do these helicopter tours cost? If you’re fortunate, your broker will foot the bill. Many agents who offer chopper screenings catered lunches as part of the bundle for clients and provide sightseeing tours.

To be able to plan agents strategise and the right screening, pilots in advance to ensure everything goes smoothly. The pilot neighbourhoods the agent desires to demonstrate and will defeat the coordinates of the homes, and pops up with a flight plan so.

Some aviators are now getting their real estate licences and have taken advantage of the new tendency. This permits them make commissions on sales instead of only hourly fees and to cut the middleman out. Naturally, if you actually desire the man flying the helicopter to additionally close your real estate transaction you’ll have to determine.

Singapore stays most alluring for infrastructure investment

Singapore has retained its standing as most attractive market is ’sed by the world for infrastructure expense, based on the third edition of the Global Infrastructure Investment Index, published by international design and consultancy firm Arcadis.

The city-state rated highly across monetary and company, danger, infrastructure indicators, and despite a somewhat lower score for economical factors, a strong overall economic environment is maintained by it.

Nevertheless, you will find several dangers of investing there, including its currency depreciation against the dollar and a high profile corruption scandal that has delayed some projects.

In terms of economical score, China was first among the 41 states analysed, yet higher risk surroundings and its less appealing business conditions found it ranked 17th on the index.

“In the region all together, there’s clearly a lot of public and social need for new infrastructure. They truly are not bankable or investible enough, which is the basic problem, although there are an entire host of project ideas and strategies out there,” stated Head of Client Development at Arcadis Asia, Graham Kean.

Now, Singapore invests around five percent of its GDP in infrastructure (US$20 billion in 2015), and this also continues to increase. By 20 20, it plans to invest six percent of gross domestic product (US$30 billion).

Elsewhere Malaya rose to fifth spot in the queens peak condo ranks. Its powerful economic performance and continued long-term investment in infrastructure, such as the capital’s metro program, have created the market attractive for investment.

Several large projects are planned including the expansion of Changi Airport through the building of a fifth final, for health care and transportation.

“The key to unlocking investments in the region hinges on producing the projects bankable, an area which we have been supporting,” he included.

Developer reach with S$2 .7mil in extension charges

CapitaLand had had to pay $2.7 million to expand its deadline to sell the remaining units at The Interlace.

CapitaLand forked out S$2.7 million in extension costs for the 127 unsold units in The Interlace. This works out to S$21,000 per 7 psf, noted $ unit or S TODAYonline.

Originally, the remaining flats at the 1,040-unit condominium on Depot Road should have been disposed by 13 March, but because spending the months. have another costs, CapitaLand’s deadline to promote the leftover properties there’s been

Last month, Property Developers’ Organization of Singapore (REDAS) President Augustine Tan estimated that developers in Singapore could carry nearly S$100 million in extension costs for failing to promote their remaining inventory in 2016.

Nevertheless, the developer transferred 222 residential units with a combined worth S$506 million in the city state during the period under review, up from the S$197 million it gained for selling 69 units a year past.

In its latest earnings report, CapitaLand shown that it’s identified purchasers for 8 9 percent of the units it’s launched up to now, adding the 55-unit The Nassim at Nassim Hill and the 109-unit Victoria Park Villas in Victoria Park Road are set to be unveiled in H 1 2016. Its Cairnhill Nine advancement also posted strong sales, with 193 out of the 268 units changing hands as of last Thursday (14 April).

Meanwhile, CapitaLand’s earnings declined by 2.3 percent to S$894.2 million in Q1 2016 on an annual basis, largely due to lower contributions from its developments in Singapore and Viet Nam.

Another cause for the lower revenue is the absence New Launch of good value gain of S$59.6 million as a result of the usage change of Ascott Heng Shan Shanghai in Q1 2015. But the fall in earnings was partially offset by higher contributions from rents at its serviced residence company and CapitaGreen, together with sales in China.

Despite the drop in sales, CapitLand’s gain after taxation and minority interests (PATMI) soared by 35.4 percent year-on-year to S$218.3 million in Q1 2016, thanks to the divestment of a property in China, Somerset ZhongGuanCun Beijing.

Principal Garden won three-five-star awards

Principal Garden won three-five-star awards, Singapore, including Best High Rise Residential Development.

The awards are part of the Britain-based International Property Awards, the world’s largest and most prestigious property contest.

CBRE won a total of 20 awards in the area across 1-2 of its workplaces, including six five-star ratings for The Best Consultancy in Australia, New Zealand, Philippines, Singapore, Taiwan and Thailand.

“The extent of the acknowledgement we’ve acquired this year and in preceding years is testament to our strength and level of talent across the business also to our ability to produce world-class outcomes for our valued customers in every business line and location,” said Steve Swerdlow, Chief Executive Officer of CBRE Asia-Pacific.

JLL received 15 awards, including six five-star ratings for Property Consultancy in China.

1-5 prizes including six in the five star category, in Asia Pacific, is a terrific accomplishment and testament to the excellent work our teams throughout the region do day in, day-out,” noted Hughes, Chief Executive of JLL Asia Pacific.

Meanwhile, UOL 663- unit Principle Garden residence in Charles Crescent, that is being jointly developed with Kheng Leong Company, clinched three-five-star honours for The Best Condominium, Best Residential Landscape Architecture and Best High-Rise Residential Development in Singapore

The very best winners for each group will move forward to represent the Asia Pacific area in the 2016 International Property Honours to be kept in London on 11 Dec.

New private home sales greatest in 8 months

This signifies a 178 percent jump in the 303 units sold in the past month. Year-on-year, sales rose by 37.5 percent.

OrangeTee said when 1,655 units were transferred., this is the best tally of monthly developer sales since July a year ago

But analysts weren’t surprised from the surge in new home sales. DTZ said the period of March to May will find a heightened amount of action.

“Notwitstanding, consistent in what we see on the bottom, there tend to be more buyers returning to the marketplace. Most of the buyers look at comparatively lower quantums for developments at choice places,” noted the consultancy.

OrangeTee clarified that there is an accumulation of pent up demand from buyers who’ve adopted a waitandsee approach as a result of house cooling measures.

While these measures have sidelined many buyers because of the upsurge in tighter lending states and upfront prices, buyers continue to be prepared to invest when there’s perceived value in the marketplace, the company said.

Meanwhile, a couple of the top-performing new starts in March were The Wisteria and Cairnhill Nine.

Situated at Cairnhill Road, the 268- 177 units were sold by unit Cairnhill Nine by CapitaLand last month in a median cost of $2,441 psf.

Upcoming ones are Treasure Crest aka Treasure Crest EC , Parc Riviera/Parc Riviera Condo