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Mustafa hit with writ of summons

Posted on 6 Nov 2009 | Comments Off

Its owner says ‘we’d rather do more business than fight’

The Urban Redevelopment Authority (URA) has slapped retailer Mustafa with a writ of summons for unauthorised use of its Mustafa Warehouse building on Kallang Pudding Road. If found guilty, it could be fined up to $200,000.

The six-storey building is approved for warehouse use but for the past three weeks or so, a department store has been operating on the first level and a supermarket on level two.

‘Commercial activities such as supermarkets are not allowed within warehouse developments,’ URA’s spokeswoman said.

She added that approval to use the premises as a warehouse was given in 2001. Its owner, Mohamed Mustafa & Samsuddin Co Pte Ltd, had subsequently submitted an application in 2004 to change the building’s use to a wholesale centre for household goods and appliances.

‘The application was not approved and URA advised the owner that the proposed wholesale centre use involves sale of products and is considered commercial use, which is not allowed in a warehouse development. URA recently received feedback regarding the unauthorised commercial activities. Continue reading →

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Posted in Office / Retail / Industrial

Tagged Kallang Pudding Road, Mustafa Warehouse, Singapore Industrial, URA, Urban Redevelopment Authority

Firm’s bid for Upper Thomson plot puts others in the shade

Posted on 6 Nov 2009 | Comments Off

Afternoon sun may pose a challenge in designing project, observers say

A COMPANY unknown in local developer circles has placed the top bid for a plum 99-year leasehold condo plot at Upper Thomson Road. Treasure Well Investments bid about $251.3 million. This works out to $533.34 per square foot of potential gross floor area – which was above expectations and the highest unit land price seen at a state land tender this year.

The top bid also surpassed by 21.5 per cent the next highest offer of $438.83 per square foot per plot ratio (psf ppr) placed at yesterday’s tender by a unit of Singapore’s Far East Organization.

There is much speculation about Treasure Wells Investments, with some linking it to top China and Hong Kong developers, including possibly Hong Kong tycoon Li Ka-shing’s Cheung Kong group, which is familiar with the Singapore property market.

The tender attracted just six bids in total – about half the 12 to 15 bids received for each of the other four reserve list sites that were tendered out by the government in the past few months. ‘Possibly, developers are waiting to see how much land government is releasing for its first half 2010 programme before deciding to bid for sites,’ said Knight Frank chairman Tan Tiong Cheng. Continue reading →