Real News‎ > ‎2012‎ > ‎June 2012‎ > ‎

26 June 2012

26th June, Tuesday




Six Woodlands blocks to be replaced under Sers

Source: The Straits Times

More than 400 households, businesses and hawker stalls will be affected by the latest relocation exercise to be carried out by the Housing Board.

The six blocks on Woodlands Centre Road is the 78th site to be picked under the Selective En Bloc Redevelopment Scheme, which offers new flats with fresh 99-year leases to affected residents.

HDB said the move will affect 147 households, a majority of which occupy three-room flats.

The six blocks - 1A to 6A - were completed between 1980 and 1986. The 190 replacement flats on Woodlands Drive 70 - a 10-minute drive away - will offer two-, three-, four- and five-room options, and be ready by 2016.

HDB said these flats will be opposite the Admiralty MRT station and a shopping complex.

About 200 businesses in rental shops will also be affected by the move.

Eligible shop tenants will be given $60,000 and a 10 per cent rental discount if they bid successfully for other HDB rental shops. Smaller businesses will be given a relocation grant of $30,000 if they are able to find another location and move out by 2016.

Some 78 hawker stalls in the estate will also have to make way. Those who wish to continue their trade will be allocated new stalls at the replacement site.

To ensure there are enough cooked food stalls in the area, the National Environment Agency will build a replacement hawker centre in Woodlands town.


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Home hunters still in buying mood

Source: The Straits Times

Home hunters have been snapping up units over recent weeks and propping up developer sales amid a market slump, but some consultants expect the June tally to be weaker than last month's.

Buyers have been especially keen on suburban and city fringe projects such as the newly launched Cradels, where 65 units have been sold since its launch last Saturday.

The freehold condominium near Novena MRT station has a total of 125 units costing about $1,500 per sq ft.

Tong Eng Group's Tropika East, which launched on 9 June, has sold 59 of its 105 units, with 14 moved in the past two weeks.

The 376-unit Sea Esta in Pasir Ris has sold about 250 units since its preview on 10 June.

Qingjian Realty has sold more than 250 units out of the 410 released at its River Isles in Punggol. The 610-unit condominium, launched on June 2, is priced from $830 psf to $850 psf.

Far East Organization has sold 27 units over the past week across its projects, with Seahill and Seastrand the top performers.

Sales also held up in the luxury sector. Aurum Land's 1919 at Mount Sophia has sold out its 75 units since the 9 June launch.


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85% of units launched at Bugis Cube sold

Source: Business Times

The official launch of Bugis Cube, a 999-year-leasehold development, attracted brisk sales over the weekend, with 77 of the 91 units launched sold.

The project drew interest from both retailers and investors, with units sold averaging 33 square metres (355.2 sq ft), said the marketing agent.

The 14 remaining units are spread across the second and third storeys, and average 27 sq m to 33 sq m.

Located opposite Bugis Junction and a short walk from Bugis MRT Station, Bugis Cube will span six floors of retail and F&B space.

Every shop will be fitted with a water point and F&B outlets will be provided with a grease trap.


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