Tag Archives: Urban Redevelopment Authority

More services, more info on OneMap

Posted on 18 May 2011 | Comments Off on More services, more info on OneMap

The Singapore Land Authority (SLA) said two new services have been added to OneMap, an integrated map platform for the public to access government agencies’ location-based services and information.

PropertyPrices shows the transacted prices of both private housing and Housing and Development Board (HDB) resale flats over the past year on a map.

Users can also view information such as size of the unit, tenure type (freehold or leasehold) and transaction date.

It combines property transaction data provided by the URA and HDB on a common map platform.

Space2Lease allows businesses to check for government properties available for rent by the SLA and HDB.

SLA said OneMap is now also available on the iPhone.

Several iPhone apps have already been published using this platform, including NParks’ Parks Live, URA’s Masterplan 2008 and Property Market Information, as well as Nanyang Polytechnic’s Pocket OneMap.

The Pocket OneMap makes it easy for users to access OneMap information and services while on the go.

SLA said OneMap has been well received since its launch a year ago.

And the public has also given useful suggestions to improve OneMap.

One suggestion taken on board was the Public Transport Routing service.

It provides travel directions and journey planning on public buses and the MRT, enabling users to choose the route best suited to their needs and calculates the trip fare, estimated travel time and travel distance to their destinations.

Source : Channel NewsAsia – 18 May 2011

Comments Off on More services, more info on OneMap

Posted in General

Tagged , , , , , , , , , , , ,

Elizabeth Tower up for en bloc sale

Posted on 18 May 2011 | Comments Off on Elizabeth Tower up for en bloc sale

Elizabeth Tower, located in the heart of Orchard Road’s shopping belt, is up for en bloc sale at an asking price of S$630 million.

Marketing agent Credo Real Estate said the freehold development would be a perfect fit for a luxury homes branded developer.

The development has a land area of above 54,000 square feet, with 80 units ranging from just under 2,000 square feet to above 3,100 square feet.

As such, Credo said unit owners stand to receive minimum gross prices of between S$6.3 million and S$9.7 million, while the penthouse owners could walk away with at least $14.2 million.

Elizabeth Tower has been designated with a gross plot ratio of 2.8 under the Master Plan, but Credo said the Urban Redevelopment Authority (URA) has confirmed that the development baseline plot ratio is actually 4.84.

Gross floor area is around 278,000 square feet, including the additional 10 per cent gross floor area of balcony.

As such, Credo said the new development may be configured into 132 apartments with an average size of 2,000 square feet.

It added that Elizabeth Tower is part of the ultra-prime residential sites off Orchard Road where there are only two dozen sites.

In 2006 and 2007, there were 14 of such sites that were sold to developers, but since then, no sites had been put up for sale.

Observers said Singapore, with its booming economy and as the financial capital of the region, should see growth in luxury home prices.

Credo expects the break-even price to be at about S$3,000 to S$3,100 per square foot based on the asking price of S$630 million.

Some units at the nearby freehold The Ritz-Carlton Residences had fetched $3,762 per square foot, and $4,307 per square foot, in February.

The tender will close in the afternoon on June 22.

Source : Channel NewsAsia – 18 May 2011

Comments Off on Elizabeth Tower up for en bloc sale

Posted in En-bloc / Collective Sales

Tagged , , , , , , , ,