Month: December 2021

Mount Pleasant Area, the old Police Academy Site has been recently identified for new public Housing with almost 5000 flats and this build-to-order residential project is expected to get launched in the coming five years.

The residential blocks in this property will be designed with roof and sky gardens and the residents will be able to enjoy pedestrian routes, lush greenery and all essential amenities for a better lifestyle.

Although the estate is currently in the conceptual stage, its design inspiration will come from the nature and heritage of the area. The Old Police Academy at this site had four existing buildings along with some portion of the parade square. The new proposal states that these existing buildings will be retained and customized to create new community spaces for the upcoming homeowners.

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]A group of Singapore listed companies have recently made an offer of $650 million for Peace Mansion under a private treaty deal. This offer is enclosed under the collective sale tender that was launched during the early months of this year, the companies announced it recently on Friday, December 3.

The companies that grabbed this deal include Ultra Infinity, Chip Eng Seng and a ShingHaiyi joint venture. Note that Sing-Haiyi Crystal, the SingHaiyi joint venture is 50-50 owned by SingHaiyi joint venture and a company controlled by Celine and Gordon Tang, a billionaire couple of Singapore. This couple is currently controlling shareholders of Chip Eng Seng and SingHaiyi.

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Property developer CDL sold private homes worth $2.5 billion during the first nine months of the year 2021, and it is much higher than the amount received during the year 2020. The property group and its famous JV associates sold approximately 414 units approaching the total sales volume of $784.4 million during the third quarter. The operational update reveals that the sales performance of the development ended up at $2.5 billion, with the sale of 1382 units during nine months.

The year-to-date performance shows that a rise of 30% in the units sold with an almost 76% rise in the total sales value in comparison to the states of the previous year. Note that in the year 2020, they were able to sell 1318 units with an estimated price of $1.8 billion.

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Almost 5401 Built to Order HDB flats were launched recently for sale along with 960 Rochor units which is the first most project at a prime location under Public Housing Model. This recent announcement came with the 6% clawback on subsidy for resale prices.

These units are available in nine housing projects that are spread in the six different estates, and it may take almost 4.4 years at an average for the completion of these flats. Other than this, another 1798 flats are available for sale under the second as well as a final scheme for Sale of Balance Flats.

Total 6299 new flats were launched on Wednesday recently. It also includes the highly anticipated and widely recognized PLH projects with River Peaks I and II located in Rochor; note that they are available with strict selling and buying conditions.

Reports reveal that there are 960 three-room as well as four-room flats spread across six different 47-story blocks. One block in the list is expected to include 40-two rooms available for rental. Other than this, the project is mainly associated with two plots of land that are located on Kelantan Road and Welt Road; these properties are in close vicinity of Jalan Besar MRT Station.

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