Daily Archives: 28 Oct 2009

Commercial redevelopment site at Thomson Village up for sale

Posted on 28 Oct 2009 | Comments Off on Commercial redevelopment site at Thomson Village up for sale

A commercial redevelopment site at Thomson Village has been offered for sale by tender.

Real estate services firm and sole marketing agent CB Richard Ellis (CBRE) said the site, located off Upper Thomson Road, has an approximate area of 13,387 square feet.

It comprises eight strata-titled commercial units and a piece of vacant land, with an asking price of S$24 million.

CBRE said: “Based upon a plot ratio of 2.8, the Development Charge is estimated at about S$5 million. Based upon the asking price, this works out to S$774 per square foot per plot ratio.”

The firm said 100 per cent of the owners have signed the Collective Sales Agreement and the sale will not be subject to an application to the Strata Titles Board.

The Thomson area has many popular eateries in an affluent neighbourhood, which provides excellent opportunities to develop a specialty retail mall, said CBRE.

Landmarks nearby include Thomson Plaza, Thomson V and Singapore Island Country Club.

The tender closes on November 25, 3pm.

Source : Channel NewsAsia – 28 Oct 2009

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New council set up to speed up devt of green buildings in S’pore

Posted on 28 Oct 2009 | Comments Off on New council set up to speed up devt of green buildings in S’pore

Singapore has set up a new council to help accelerate the “greening” of buildings in Singapore.

Buildings in the city-state are the second largest guzzlers of electricity – after the industrial sector. But this is also the area where energy use can be easily reduced.

A UN study has concluded that energy consumption in new and old buildings can be lowered by 30 to 50 per cent without significantly increasing investment costs.

Trane, an exhibiting company that cools about half of the buildings fronting Orchard Road said an average investment of S$2 million to reduce energy use in buildings is usually recouped within eight months to three years.

Speaking at the inaugural International Green Building Conference on Wednesday, Deputy Prime Minister and Defence Minister Teo Chee Hean said: “This is not rocket science but it does require steady and consistent policies and effort. Continue reading →

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