Category Archives: Overseas Property

Hong Leong site’s design, concept to be cutting edge

Posted on 27 Oct 2009 | Comments Off on Hong Leong site’s design, concept to be cutting edge

Serangoon project’s units sized according to buyers’ needs

Hong Leong Holdings, which recently won a site along Serangoon Avenue 3 in a hotly contested government tender, says that it will build a one-of-a-kind project on the site with more than 400 units.

The developer is now finalising the project but says that it will be ‘cutting edge’ in design and concept. It will also feature units sized according to the needs of buyers, said Hong Leong Holdings executive Quek Kon Hui.

Hong Leong won the 99-year leasehold site this month in a tender by the Urban Redevelopment Authority. It put in the top bid of $221 million or $529 per sq ft of gross floor area.

Addressing concerns over ’shoebox’ units, Mr Quek said that Hong Leong will give value without compromising on functional living space.

The project is expected to be launched the first half of next year.

Separately, sales at the 175-unit Lincoln Suites in Khiang Guan Avenue, which was soft-launched last week, have been brisk, the companies developing the project said yesterday. Continue reading →

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Australand arm wins Q3 deals worth A$318m

Posted on 27 Oct 2009 | Comments Off on Australand arm wins Q3 deals worth A$318m

780 contracts from wholly owned, joint venture projects in Melbourne, Sydney

AUSTRALAND Property Group said yesterday that its residential division bagged about 780 contracts worth over A$318 million (S$409 million) in wholly owned and joint-venture projects in Melbourne and Sydney in the third quarter of this year.

As a result, the division exchanged a total of about 1,800 contracts (for land, housing and apartments) with sales revenue of about A$700 million in the first nine months of this year.

As at Sept 30, 2009, the residential division had 14,500 lots in its development pipeline comprising land communities, housing and apartment developments.

‘The pipeline is geographically diversified across the capital cities of Australia’s eastern seaboard and Perth,’ Australand said in a Q3 2009 property update issued yesterday, ahead of its parent CapitaLand’s Q3 financial results statement to be released today.

Australand does not issue quarterly financial results; it releases them only at full year and half time.

‘First-time home buyer demand is slowing with the winding back of the first home buyers boost at the end of September. Continue reading →

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