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First public housing devt in Sino-S’pore Tianjin Eco-city reaches milestone

Posted on 15 Oct 2009 | Comments Off

The first public housing development in the Sino-Singapore Tianjin Eco-city has reached a significant milestone.

A groundbreaking ceremony was held on Wednesday.

Singapore’s Senior Minister of State for National Development Grace Fu officiated at the event.

The Eco-city is designed to promote social harmony, create economic vibrancy and environmental sustainability.

One of its key performance indicators is to have at least 20 per cent of its housing units in the form of public housing.

The first phase of the public housing development is located in the four-square-kilometre start-up area (SUA) of the Eco-city. It will have 569 units spread out in seven blocks.

The project is expected to be completed by mid-2011. In all, some 3,000 public housing units will be build in the start-up area.

Source : Channel NewsAsia – 15 Oct 2009

Comments Off on First public housing devt in Sino-S’pore Tianjin Eco-city reaches milestone

Posted in Overseas Property

Tagged China Property, Tianjin Eco-City

Ho Bee again looks abroad for growth

Posted on 10 Oct 2009 | Comments Off

Developer sniffing for opportunities in China and London

HARD pressed to find land in Singapore, developer Ho Bee Investment again plans to beat a path overseas to places such as China and London to grow.

‘Looking for our raw material is the big challenge in Singapore. Every site that comes up (at state tenders) now attracts 12-15 tenderers. The pricing is also very competitive.’
— Mr Chua (above) at one of Ho Bee’s projects at Sentosa Cove

‘We are still sniffing for opportunities, but our next phase of growth will definitely not just be in Singapore but outside of Singapore,’ Ho Bee chairman and CEO Chua Thian Poh told BT in a recent interview.

Under a joint-venture agreement Ho Bee signed with high-end China residential developer Yanlord last month, the two Singapore-listed developers will join forces for a feasibility study on a project in China.

Ho Bee and Yanlord are also eyeing large sites in China’s second and third-tier cities to build mid and upmarket condos for locals.

Additionally, Ho Bee is scouting for residential development opportunities in Central London. ‘London was badly hurt during the financial turmoil, and the pound has also come down substantially,’ said Mr Chua. ‘Maybe it’s time for us to re-look at London again.’ Continue reading →