Monthly Archives: September 2009

Ying Li secures Chongqing site for $177.4m

Posted on 27 Sep 2009 | Comments Off on Ying Li secures Chongqing site for $177.4m

It will be developed into an integrated development project with high-end residential units and top-end retailers

YING Li International Real Estate has secured a prime integrated development site in Yuzhong District, Chongqing, China for 851.6 million yuan (S$177.4 million) in a government land auction.

The 28,226 square metre site will be developed into an integrated development project which will include high-end residential units and also house top-end retailers. It will involve potential collaboration with a high-end hotel or service residence operator, the Chongqing property developer said yesterday.

The project is strategically located at the prime city centre of Chongqing, within Yuzhong District, with a planned total gross floor area of over 300,000 sq m and a plot ratio of about 10.64.

Ying Li’s chief executive Fang Ming said that this acquisition will enhance the group’s presence in Chongqing and extend its footprint in Yuzhong District. Continue reading →

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Posted in Overseas Property

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How family’s fortunes have grown over years

Posted on 27 Sep 2009 | Comments Off on How family’s fortunes have grown over years

THE letters lamenting how singles are being priced out of the HDB market and the call to ban cash over valuation (COV) arrangements are bemusing.

My family is an example of how HDB policies have helped us improve our standard of living and how gradual price increases have helped my family upgrade our housing status.

My parents have three children and over 40 years, our family of five has moved from a one-room flat to a three-room and finally to a four-room flat in Choa Chu Kang – a location that is not ideal for some people but has reasonably good amenities. Most important, it is a place my family can afford.

Although we started out with a small one-room flat, the price increases have helped our family upgrade the size of our home.

Unlike other countries, Singapore has a unique public housing policy where the Government not only helps most of us buy our first home, but also ensures that the increasing value of our property will enable us to upgrade to the next level when we are ready. Continue reading →

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Posted in HDB

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