URA launches tender for sites at Farrer Road and Tai Thong Crescent

Posted on 31 Jul 2012 | Comments Off on URA launches tender for sites at Farrer Road and Tai Thong Crescent

The Urban Redevelopment Authority (URA) has launched the residential site at Farrer Road and another residential with 1st storey commercial site at Tai Thong Crescent for sale by public tender today. The sites were made available for sale through the Reserve List system on 30 Apr 2012 and 15 May 2012, respectively.

On 11 July 2012, URA announced that it had received an application from a developer to put up the land parcel at Tai Thong Crescent for public tender at a bid price of not less than $154,474,200.

On 18 July 2012, URA announced that it had received an application from a developer to put up the land parcel at Farrer Road for public tender at a bid price of not less than $28,888,000.

Land Parcel at Tai Thong Crescent (Parcel C)
With a land area of about 0.82 ha, the residential with 1st storey commercial site is expected to generate a gross floor area of about 28,702 m2.
The land parcel is located near Potong Pasir MRT Station and is well connected to major arterial roads and expressways such as Upper Serangoon Road, Pan-Island Expressway (PIE), Central Expressway (CTE) and Kallang Paya-Lebar Expressway (KPE).

Land Parcel at Farrer Road
With a land area of about 0.27 ha, the residential site is expected to generate a gross floor area of about 3,839 m2.
The land parcel is located near Botanic Gardens MRT Station and is well connected to major arterial roads and expressways such as Bukit Timah Road, Dunearn Road, Farrer Road and Pan-Island Expressway (PIE).

Source URA – 2012 Jul 30

 

 

 

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What is CEA’s role in investigations?

Posted on 30 Jul 2012 | Comments Off on What is CEA’s role in investigations?

In March, I was looking for a room to rent and met an agent who circumvented the regulations for the sake of a commission. I wrote to the Council for Estate Agencies (CEA) about this.

A month later, I was informed that my case was being referred to the property agency and that if I wished to lodge a formal complaint, I would have to fill in a complaint form. Nobody could answer me why I was advised to do so only then.

Two months after I had filed my complaint, I enquired about the progress and was then forwarded a “claim” by the property agency, which could have been answered with the evidence I had submitted.

CEA just played a postman’s role by forwarding the claim. Four months after I first wrote to CEA, I wonder what its value-added role is in the investigation process.

Would an agency’s investigation into an agent who generates revenue for the agency be impartial? If no, why is CEA delegating the investigation to property agencies?
From Sng Tze Ming

Source : Today – 2012 Jul 13

 

 

 

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