Tag Archives: Clemenceau Avenue

Burst water pipe affects residents, businesses in central areas

Posted on 26 Jun 2013 | Comments Off on Burst water pipe affects residents, businesses in central areas

Water supply in central areas were affected on Tuesday evening due to a burst water pipe along River Valley Road.

The leak, on a 0.7-metre diameter water pipe near Clemenceau Avenue, was reported at about 8pm.

National water agency PUB said the pipe was located within the Downtown Line 3 Fort Canning Station construction worksite.

As a result of the leak, water flowed onto the River Valley Road.

Residents and businesses in the central areas such as Race Course Road, Towner Road, Owen Road and Bukit Purmei Road were without water supply or experienced low pressure due to the heavy draw-off from the leak.

PUB said its officers completed the isolation of the leak two hours later, at 10pm.

PUB is investigating the cause of the leak.

Source – CNA – 26 jun 2013

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House of Tan Yeok Nee up for sale by tender

Posted on 27 May 2013 | Comments Off on House of Tan Yeok Nee up for sale by tender

The House of Tan Yeok Nee, the building which formerly housed the University of Chicago Booth School of Business, has been put up for sale by tender.

Located at the corner of Penang Road and Clemenceau Avenue, the building was gazetted as a National Monument by the Preservations of Monument Board in 1974.

The freehold commercial property also won a special commendation from the Paris-based FIABCI at the Prix d’Excellence in 2002.

According to the marketing agent Jones Lang LaSalle, the property has the potential for alternative uses such as a flagship office building, specialist retail, hospitality or F&B usage.

It added that owner occupiers or investors can also leverage off the building’s prominence and historical significance.

Jones Lang LaSalle’s national director of Investments, Anthony Barr, said: “This is a rare opportunity to acquire an asset for commercial use in a prime location in the Orchard Road precinct.

“Potential to increase existing usable space through the reconfiguration of void areas and use of courtyard space could provide further amenity to owners of the building.”

The property is owned by ERC International. ERC had acquired the site for a reported S$60 million from German real estate fund Union Investment Real Estate in 2012.

The tender will close on 5 July 2013.

Source : CNA – 27 May 2013

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Posted in Property Market / Real Estate

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