Daily Archives: 8 Aug 2009

3rd site triggered for sale in 3 weeks

Posted on 8 Aug 2009 | Comments Off on 3rd site triggered for sale in 3 weeks

YET another government land parcel has been triggered for sale after a developer committed to bid at least $40.5 million for the site at the corner of Yio Chu Kang and Seletar roads.

The site is the third government plot triggered for sale in as many weeks after developers tendered bids on land in Dakota Crescent and Chestnut Avenue.

‘Developers are looking at the market two years down the road,’ said Jones Lang LaSalle’s head of South-east Asia research Chua Yang Liang.

‘We are still in a contraction mode but the global credit crunch has eased somewhat in Singapore and there is more certainty that we’ve seen the worst.’

The recent run-up in demand also points to a more positive mood, he Continue reading →

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Posted in Developers, Property Market / Real Estate

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Nice hotel, very quiet neighbours

Posted on 8 Aug 2009 | Comments Off on Nice hotel, very quiet neighbours

Aqueen sets up stall right next to Singapore Casket

IS it possible to sleep well knowing that your neighbours are also resting – not just peacefully but in peace? This is what guests will soon find out when they check in at Aqueen Hotel Lavender, which is right next to Singapore Casket.

The 105-room hotel on Lavender Street will be opening its doors in September. Its owner is Crescendas Group, which owns another three Aqueen sites.

Times have changed, said Crescendas CEO Lawrence Leow, when BT asked if travellers would be nervous about the funeral service provider nearby. ‘In this modern world … I’m not affected by the fact that it’s next to the Casket.’

In fact, the location could open the door to unique opportunities. Cushman & Wakefield managing director Continue reading →

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