Category Archives: Developers

Wing Tai holds preview of Foresque Residences

Property developer Wing Tai is holding a public preview of its Foresque Residences from tomorrow. The 99-year leasehold property is located in Upper Bukit Timah, along Petir Road and between Chestnut Drive and Dairy Farm Road. The 24-storey development has 496 units and sits on a 244,000 sq ft site.

Foresque Residences offers one- to four-bedroom apartments, Cabana units and penthouses, which range from 463 sq ft for one-bedroom units to 2,573 sq ft for penthouses.

Wing Tai says the five towers, with a view of Upper Seletar and Upper Pierce reservoirs, are meant to give a “maximum sense of space and openness that interweave with lush greenery”.

The property’s temporary occupation permit is expected by June 2015.

Source : Today – 13 May 2011

Aspial Corp buys residential site at Bassein Road for $41.1m

Aspial Corporation has submitted an offer through its subsidiary World Class Land to purchase Chong Kim Apartment at 8 Bassein Road for S$41.1 million.

The apartment was offered for sale by tender on May 12.

Aspial says the offer has been accepted.

The freehold Chong Kim Apartment has a land area of 1,426.9 square metres and is zoned for residential use.

It has a plot ratio of 2.8 and can be developed to a 36-storey property.

Subject to the approval of authorities, Aspial says it intends to purchase an adjoining plot of state land sized at 150 square metres.

Aspial plans to develop a 110-unit apartment project on the combined land area.

The site is in the prime district 11 and is walking distance away from Novena MRT station, as well as shopping amenities Velocity @ Novena Square, Square 2, United Square and numerous medical facilities.

The acquisition and development will be funded internally and through bank loans, says Aspial.

It says the transaction is not expected to have any material impact and net tangible assets on the company for this financial year.

Source : CNA – 13 May 2011