Category Archives: General

Bukit Brown graves to make way for new road in Q4

Posted on 7 Aug 2013 | Comments Off on Bukit Brown graves to make way for new road in Q4

The exhumation of graves at Bukit Brown Cemetery will take place towards the end of this year to make way for construction of a dual four-lane road that will link Adam Flyover and MacRitchie Viaduct.

The Land Transport Authority (LTA) has already received 1,263 claims for affected graves since details on the exhumation were announced last year.

The agency will be contacting the next-of-kin of affected graves who had registered their claims to make arrangements for exhumation.

The new road aims to reduce traffic congestion along Lornie Road and the PIE during peak hours, as well as support the rise in vehicle numbers. It is expected to be ready by end-2017.

Source – PropGuru – 6 Aug 2013

Comments Off on Bukit Brown graves to make way for new road in Q4

Posted in General, Government

Tagged , , ,

ERA Realty sold to Indonesian firm for over $100m

Posted on 5 Aug 2013 | Comments Off on ERA Realty sold to Indonesian firm for over $100m

ERA Realty Network, the largest real estate agency in Singapore, has been sold to Indonesian private equity firm Northstar Group for over S$100 million, months after owner Harry Chua put it up for sale.

According to media reports, the master franchise rights to the ERA name in Asia Pacific was sold for less than the S$150 million price tag that Chua’s Hersing Corporation is said to have asked for.

Sources revealed that final tweaks to the deal are being done and will include Singapore franchise rights to Coldwell Banker, which is currently a dormant business here. Both Coldwell Banker and ERA are owned by US brokerage Realogy Holdings Corp.

ERA employs more than 5,000 agents in Singapore, making it the largest agency in terms of agent numbers. It also handles billions of dollars’ worth of deals annually, which makes up a large part of Hersing’s profit.

Source – PropGuru – 5 Aug 2013

Comments Off on ERA Realty sold to Indonesian firm for over $100m

Posted in General, Property Market / Real Estate

Tagged , , , ,