Daily Archives: 6 Aug 2009

OpenNet to start residential fibre-point installation

Posted on 6 Aug 2009 | Comments Off on OpenNet to start residential fibre-point installation

THE mammoth task of wiring up Singapore for ultra high-speed broadband access has entered the home stretch with the start of residential installation works by project winner OpenNet.

In this phase of the project, the firm extends its new underground fibre-optic cables to all local homes. A new plastic ducting system and wall plate will be installed in each residential unit, much like how Singapore Telecom’s fixed-line telephone wiring and StarHub’s cable infrastructure reaches homes today.

Some 32,000 residential premises are expected to be fitted with the new fibre-optic links during initial deployment. These are spread across areas such as Tanjong Pagar, Jurong, Macpherson, Pasir Ris, Holland Road and Continue reading →

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Balmoral, Tagore sites for sale

Posted on 6 Aug 2009 | Comments Off on Balmoral, Tagore sites for sale

SAVILLS Singapore has launched for sale two residential properties – the freehold No 3 Balmoral Road with an indicative price of $65 million; and an 86,402 square foot plot at No 162 Tagore Avenue, within the Teachers Housing Estate, with an indicative price of $15 million. The latter is being sold on a 99-year leasehold tenure by the Singapore Teachers’ Union, which holds the freehold interest in the property.

No 3 Balmoral Road: This is a development of 11 apartments, all leased out, but Savills is marketing the property for its redevelopment potential

No 3 Balmoral Road currently comprises a development of 11 apartments, all leased out, but Savills is marketing the property for its redevelopment potential. The property is owned by an investment company and has a land area of 23,821 sq ft, a permissible plot ratio (ratio of maximum gross floor area to land area) of 1.6 and a height restriction of 12 storeys.

The site has been granted written permission by the Urban Redevelopment Authority for the development of 30 residential units. Savills said that such a development would have an estimated total potential saleable area of about 45,000 sq ft. The figure is understood to include bay windows and planter boxes. Development charge has been fully paid, up to a gross floor area (GFA) Continue reading →

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Posted in En-bloc / Collective Sales, Property Market / Real Estate

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