Tag Archives: Far East Organization

Makeover for China Square

Posted on 22 May 2012 | Comments Off

Far East Organization, Frasers Commercial Trust and The Great Eastern Life Assurance Co Ltd recently announced a China Square Precinct Master Plan, which is essentially to integrate the three companies’ respective developments: Far East Square, China Square and Great Eastern Centre, into a precinct called China Place.

A covered linkway connecting the three projects and the upcoming Telok Ayer MRT station is estimated to cost $14 million, with the cost borne equally by all three parties. Far East also announced that it would be developing two hotels on the site: a 37-unit boutique hotel converted from some of the existing shophouses and a 28-storey, 292-room hotel.

Source: TheEdge – 2012 May 22

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Posted in Government, Office / Retail / Industrial, Property Market / Real Estate

Tagged China Square, Far East Organization, Far East Square, Frasers Commercial Trust, Great Eastern Centre, The Great Eastern Life Assurance Co Ltd

Tampines Ave 10 site awarded at S$252.8m

Posted on 22 May 2012 | Comments Off

The tender for a residential site at Tampines Avenue 10 has been awarded at S$252.8 million to a joint venture between Far East Organization, Frasers Centrepoint and Sekisui House, the URA said yesterday.

The consortium had submitted the highest of three bids for the 99-year leasehold site, which can be developed into condominiums, flats or serviced apartments. The site spans over 216,000 sq ft and has a maximum allowable gross floor area of nearly 605,000 sq ft. About 600 homes can be developed on the site.

The top bid translates to S$417.86 per sq ft per plot ratio. Ms Chia Siew Chuin, director of research and advisory at Colliers International, had earlier estimated the break-even cost at between S$750 and S$800 per sq ft.

Source : Today – 2012 May 22