Daily Archives: 24 Sep 2009

The new design ascetic

Pared down, simplified and minimal, architects are all reassessing what is really essential in life, reports ARTHUR SIM

Claudio Silvestrin, who has designed 18 villas for developer YTL Corp at Sentosa Cove, believes that architecture is akin to ‘composing poetry on earth in partnership with the earth…’.

WHETHER it is because of the constant talk about the economy, wealth destruction or the periodic stockmarket jitters, homeowners appear to have lost the desire to build ever bigger and flashier homes. Instead, the prevailing design aesthetic seems to be more about ascetism, as more people decide that living in excess is just so last century.

One of a kind: A house by Daniel Libeskind – Libeskind presents the world with a new way of living with his prefabricated villa (above) and a house by Mink Tan – who searches for the Asian soul in his architecture (next)

Pared down, simplified and minimal, architects are all reassessing what is really essential in life. Daniel Libeskind, who designed Reflections at Keppel Bay, has perhaps gone a step further by designing a prototype of a house that is prefabricated and can be shipped anywhere in the world. He describes the house as ‘a limited artistic edition of a new space, of a new way of living, a total work of art’.

Called the Libeskind Villa, the four-bedroom house is a composition of three simple interlocking volumes that generate a myriad of geometric spaces. And in keeping with volatile oil prices, it offers maximum insulation and durability, cutting-edge technologies and compliance with some of the toughest energy-saving standards across the world. In designing Libeskind Villa, Mr Libeskind reduces the essence of a home to only the most critical elements and the design just stops short of being austere.

And there is no shame in austerity, especially today. Architect Gwen Tan of Formwerkz has even chosen to celebrate it. Describing a house she is designing for a client, she said that one of the biggest constraints was that the site was so tight it could only accommodate a very small house. Fortunately, her client’s needs were simple and Ms Tan decided that this should be ‘celebrated’. Continue reading

HDB rental market stabilises for now

OVER one year, HDB-approved sub-letting cases surged by some 20 per cent from 12,808 units in 2007 to 15,344 cases in 2008. In the same period, the increased demand pushed HDB rentals across the board upwards by 23 per cent.

The main tenants for HDB flats are typically Asian professionals, service-industry staff, foreign students and permanent residents (PRs).

Typically, 3-room flats account for about 35 per cent of rental transactions; 4-room – 34 per cent; 5-room – 23 per cent; and executive flats – 8 per cent.

The market hit its peak in Q2 2008 with an all-time high of over 4,100 rental transactions. However, with the slowdown in the economy and overall employment, rental transactions slowed to an average of 3,700 units a quarter for the next one year (Q3 2008 to Q2 2009).

This has helped to stabilise median monthly rents at $1,500 for 3-room flats; $1,900 for 4- and 5-room flats; and $2,000 for executive flats; for now.

However, as the two integrated resorts step up their hiring of foreign staff, we could see the rental demand for HDB flats increase in the months ahead.

Also, as the economy recovers, new demand from inbound foreign professionals and students may further increase demand.

We may see quarterly demand nearing 4,000 units per quarter next year and this would probably push rentals up again, possibly by another 5-10 per cent.

The market hit its peak in the second quarter of ’08.

Source : Business Times – 24 Sep 2009