City development offers early bird discount on Jewel @ Buangkok

Posted on 27 May 2013 | Comments Off on City development offers early bird discount on Jewel @ Buangkok

City Developments Limited (CDL) recently launched its latest residential project, Jewel @ Buangkok, in Singapore, and is offering a seven percent discount for early bird buyers.

The 616-unit development is located near to Buangkok MRT station and comprises six 15 to 17-storey towers that will house a selection of five-bedroom apartments, dual key units as well as penthouses. Units range from 43 sqm for a one-bedroom apartment to 158 sqm five-bedroom. Penthouses range from 192 sqm to 235 sqm. Most of the units have been arranged in a north to south orientation to reduce heat and glare from the sun.

“Jewel @ Buangkok is priced attractively especially for a development located just 3 minutes’ to the MRT station. Today, properties that are situated close to existing or upcoming rail networks are highly sought after and command premium prices. In recent months, new launches nearby MRT stations have been priced from an average of S$1,400 psf onwards and have been well received,” said Chia Ngiang Hong, CDL Group General Manager.

There are six thematic cabins at Jewel @ Buangkok, each boasting a different pursuit. There is the Spa Cabin that has a rain spa, hydrotherapy pool, spa deck and spa garden. There is the Gardener’s Cabin, with a gardening corner and vertical garden. The Nature Cabin offers a camping ground, BBQ pit, hammock garden and wading pool. For children, the Adventurer’s Cabin, with play slide, play tunnel and rock climbing wall. There is the Gorment Cabin, with grill, and teppanyaki pavilion. Finally, the Pet Lover’s Cabin, complete with a grooming station and amenities for pets all shapes and sizes.

Near the development, there is a wide range of conveniences such as a 24-hour supermarket and medical centre, as well as an array of educational facilities. The development is also located near a wide range of shopping and dining options such as Compass Point, Rivervale Mall, Hougag Mall and Next Megamall. There is also Punggol park, which has easy access to Coney Island which offers beaches and woods.

Source – PropReport : 27 May 2013

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Soilbuild IPO oversubscribed 7.5 times

Posted on 27 May 2013 | Comments Off on Soilbuild IPO oversubscribed 7.5 times

Soilbuild Construction Group’s IPO of 168 million new shares has drawn substantial interest from investors. Excluding the parties specified under Rule 232 and Rule 240 of the SGX-ST Listing Manual, the IPO was 7.5 times oversubscribed and attracted application monies of S$315.6 million from the total valid applications.

Priced at S$0.25 each, the IPO shares raised S$42 million in gross proceeds. It included two million offer shares by way of public offer and 166 million placement shares.

“We are delighted with the strong response from investors. We look forward to welcoming them as our shareholders,” said Lim Chap Huat, Executive Chairman at Soilbuild. “The support shown demonstrates confidence in the construction sector in Singapore, particularly Soilbuild. Our management and staff will continue to build the business to achieve growth on a sustainable basis.”

The IPO is expected to generate net proceeds of S$39.5 million, where up to S$10 million will be used in investments, up to S$5 million for business expansion across Asia and S$24.5 million as working capital.

Source – PropGuru – 27 May 2013

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