Daily Archives: 12 Aug 2009

Back then, it did not even have LRT

TWELVE years ago, it was a sleepy, out-of-the-way estate without even an LRT line.

That was back when Dr Teo Ho Pin was first elected as Member of Parliament for Bukit Panjang. Shortly after, life began to slowly flow into the estate, with the LRT starting its runs in 1999.

Come 2015, it will be connected directly to the MRT system when the Bukit Panjang station, to be located near Ten Mile Junction, is completed.

This, Dr Teo hopes, will spur the constituency’s development – and his vision for its first town centre, finally.

As “the heart of the whole town”, it would integrate bus, LRT and MRT services as well as commercial and business establishments, said Dr Teo, who is also Mayor for the North West District.

Drawing inspiration from the likes of Ang Mo Kio Hub and Jurong Point, he suggested setting up a lifestyle or entertainment hub for Continue reading

Aspial unit bags 18 shophouses for $25.6m

WORLD Class Land, a subsidiary of listed Aspial Corporation, has bought a cluster of 18 freehold shophouses fronting Joo Chiat and Onan roads for $25.63 million.

‘The transacted price reflects $410 per square foot on the existing gross floor area of 62,489 sq ft. Upon redevelopment, the property may have the potential of achieving a gross floor area of 81,000 sq ft,’ said Credo Real Estate managing director Karamjit Singh, whose firm handled the sale of the properties through a tender that closed last week.

The seller is a family trust.

The properties comprise two back-to-back rows of nine units of three-storey shophouses with a site area of Continue reading