Tag Archives: Real estate

Singapore to offer more land to boost homes, offices, hotels

Singapore will introduce 19 sites on its so-called confirmed list and 24 properties on its reserved list in the second half.

The sites could accomodate 14,200 homes, 2.9 million square feet of commercial space and 3,700 hotel rooms, according to a statement on the website of the Urban Redevelopment Authority today. Most of the residential sites are located away from the city’s downtown area. Those on the confirmed list will be sold to the highest bidder while auctions for sites on the reserved list will start when the government gets an offer that matches its undisclosed minimum price.

Source : TheEdge – 9 Jun 2011

Sustainable urban planning MOU signed

The Centre for Liveable Cities has signed an memorandum of understanding with the Urban Land Institute to conduct joint research and conferences on building sustainable cities for the future.

At the signing ceremony, representatives from both organisations highlighted urban planning challenges in Singapore.

These include planning with an ageing demographics and increasing population density in mind.

They also said private-public partnerships can help greatly in solving urban planning challenges. One such example is the land sales programme by the Urban Redevelopment Authority of Singapore.

Khoo Teng Chye, executive director, Centre for Liveable Cities, said: “If you take the example of Singapore, we are already five million people, and we continue to have economic growth and population growth.

“I think the challenge for cities like Singapore, going ahead, is how do we grapple with making sure that we can be sustainable and yet maintain a high quality of life for our cities.”

The Centre for Liveable Cities is a think tank on urban governance, jointly established by the Ministry of National Development and the Ministry of Environment and Water Resources.

The Urban Land Institute is an international non-profit research organisation for land use and real estate.

Source : CNA – 3 Jun 2011