REZI 24

15/05/2019

Is the market going up or downwards?

Pm for discussion

16/04/2019

Bartley is going to launch their projects at 2k psf. If there is a project there is within walk to 3 MRT stations and in between 2 hubs and its price is from $1,377 psf, is this a good buy?

PM now

06/04/2019

Hyflux aborts rescue plan with time running out.

06/04/2019

PCF switches to in-house cooks after food poisoning

06/04/2019

Three key factors behind Singapore's continued success as a global business hub.
1. A successful and integrated South-east Asia. The more integrated the Asean region is, the more attractive it will be for others to invest here.
2. Singapore's domestic capabilities and one important area is a collaborative business culture.
3. Singapore is an open and connected rules-based trading system.

08/03/2019

https://www.msn.com/en-sg/money/topstories/singapore-tops-asian-outbound-real-estate-investment-in-2018/ar-BBUvPoI?ocid=spartanntp

It accounted for 40% of the overall Asian outbound investment. Singapore-based investors ended 2018 in top position as the most active group of offshore real estate investors as it allocated US$21.6b in capital, up from US$20.9b in 2017. Also read: Singapore's pool of foreign properties is now the l...

07/03/2019

99 years Florence Residences are going at $1450 psf.
How much should a freehold city fringe costs?

07/03/2019

26/02/2019

3 sites are selling enbloc now.

20/02/2019

The Kallang River, which winds through the highest number of housing estates here, is primed for dramatic changes in the next decade or more, with new waterfront homes, community sports or activity nodes, and cycling paths linking to the city center among the transformation ideas.

With 100,000 new residential units possibly being added over the next 20 years to the 800,000 people living near the 10km-long river now, the makeover plans, when completed, will benefit residents across Ang Mo Kio, Toa Payoh, and Kallang Bahru, among others.

Preliminary ideas for Kallang River’s facelift are now showcased at the Urban Redevelopment Authority (URA) Centre at Maxwell Road, but these are “conceptual and aspirational in nature”, and the authorities want to hear the public’s suggestions in the next year or so.

Speaking at the launch of the exhibition on Wednesday (March 29), Minister for National Development Lawrence Wong said there had been a dramatic change in thinking about how rivers can play a role in urban landscapes. The transformation of the Kallang River, which began with a clean-up in the mid-1980s, provides new opportunities to inject new life into the riverbanks, he added.

Efforts to spruce up Singapore’s waterfront have so far been focused on the Singapore River, Marina Bay, and the Kallang Basin. The “time is ripe”, said a URA spokesperson, to start a discussion to “further rejuvenate” the Kallang River, Singapore’s longest natural river stretching from the Lower Peirce Reservoir to the Kallang Basin.

One key objective is to improve connectivity, with a 500m-long spiral ramp that loops over the 16-lane Pan-Island Expressway (near St Andrew’s Village) and new underpasses smoothening the walk, jog or cycle from Bishan to the city, among the ideas.

Kallang Bahru Road, Upper Boon Keng Road, and Sims Avenue are three spots where underpasses could be built, while the existing underpass at the Central Expressway (CTE) could be widened and be better lit, or serve as a gathering or event space.

These prospective improvements would get rid of the many obstacles for users of the Kallang Park Connector, who have to use traffic crossings or overhead bridges, or scale 83 steps.

There are also ideas to redevelop the residential and industrial estates on both sides of the Kallang River, which will be served by more than 20 MRT stations when new lines are up by 2023. For instance, the Kallang Industrial Estate near Boon Keng MRT Station — made up of several smaller industrial estates at the Kallang Basin, Kallang Bahru and Kallang Avenue — could be redeveloped into a mixed-use precinct, including new industrial developments for the future economy.

Across the river, the Kallang Distripark, a private industrial estate bordered by the river, Kallang Bahru and Geylang Bahru, could be converted to a greener residential neighborhood with waterfront parks and recreational spaces.

Further south from the Kallang Industrial Estate is the Kampong Bugis site, which Mr. Wong said earlier this month would be turned into a car-lite residential precinct, including pedestrian- and cyclist-friendly paths that connect users to nearby amenities.

The 17.4ha site between the river, Crawford Street and Kallang Road have been earmarked for private residential use, with private developers given the freedom to propose a masterplan and urban design plan for the district, under a trial of a master developer concept.

On the southern end of the river, the Kallang Basin area around the Sports Hub will be turned into an inclusive sport and recreational venue. Running trails, and facilities such as a football hub and free-to-play courts, will be built around Jalan Benaan Kapal. Other ideas are to improve the waterfront areas, including ongoing works for an Active, Beautiful, Clean Waters and drainage upgrading project between Bishan and Braddell Road.

To be completed by the last quarter of next year, this 1.8km stretch will be lined with a meandering stream, planter islands, cascading waters and a rain garden, which collects and cleanses rainwater runoff before discharging it into the river. Stretches of the river can be naturalized or have wider green setbacks to increase its biodiversity. More parks or greenery could be added along the riverbanks as well.

Members of the public are also invited to share their memories and history of the Kallang River, such as the two-storey former National Aerated Water Company and the former Kallang Airport.

20/02/2019

Finally, a bit of news to cheer the ailing housing market: The drab, neglected area north of Kallang River is to be Singapore's next lifestyle hot spot.
Four thousand new waterfront homes, all to be built by private developers, are slated to come up in the area in the next 15 years.

They will offer cool green living in a lush park setting, as well as resort-style beachfront housing near the water's edge.

Kallang Riverside will also be transformed into a lively commercial hub and leisure destination, with enough space for 400,000 sq m of offices and shops and 3,000 hotel rooms.

All this was announced by the Urban Redevelopment Authority (URA) on Friday as part of its latest Master Plan, which guides Singapore's land use policy in the medium term.
Property consultants say the new Kallang district, bounded by Lavender and Kallang MRT stations on the northern corners and the Kallang River to the south, has the potential to become a premier residential enclave.

'The area is near town, yet next to the beach, it reminds me of places like the Gold Coast,' said Mr Danny Yeo, the deputy managing director of property firm Knight Frank.

He lauded the exclusivity of the area, which is bounded by waterways on all sides except for Kallang Road to the north.

'It's resort living on the fringe of the city. Many people will want to live there.'

Jones Lang LaSalle (JLL)'s head of South-east Asia research, Mr Chua Yang Liang, called the area 'a hybrid of the current two waterfront areas, Marina Bay and Sentosa'.

Over the last couple of years, demand for waterfront homes has strengthened and the limited supply of such properties has led to their prices surging to a level beyond the grasp of many Singaporeans, he said.

'This new district may help make similar projects available to the man in the street.'

Mr Karamjit Singh, the managing director of property consultancy Credo Real Estate, drew a comparison with Novena, another prime city-fringe area, instead.

He highlighted the fact that Kallang is served by two MRT stations, making it a very desirable residential and office location.

'Kallang has the potential of becoming the new Novena, purely because it's that close to town.'

20/02/2019

A plan to breathe life into the waterway and its surrounds have been put in motion, to transform it into a place where sportsmen kayak in the nearby Kallang River and residents cycle along seamless park connectors, for instance.

The 15ha private industrial estate has been identified as a potential site, among several others, that can be redeveloped as part of the Urban Redevelopment Authority's (URA) ambitious plan to turn the areas along the 10km river - almost three times longer than the iconic Singapore River - into a lifestyle hub.

Today, expressways and industrial estates cut into its path, but in years to come, the Government aims to redevelop certain plots and put in place new infrastructure so that it will one day be possible for residents to walk, jog or cycle from Lower Peirce Reservoir, where the river originates, to Gardens by the Bay and the Central Business District.

Among the URA's suggestions is building a cycling bridge that spirals over and across the Pan-Island Expressway, which would make it more convenient for cyclists and joggers to cross the 16-lane PIE. They currently have to use an overhead bridge.

It also hopes to build underpasses across Kallang Bahru Road and Upper Boon Keng Road so that people using the park connector will not need to navigate a traffic crossing.

About 800,000 people live within 2km of the Kallang River, and the URA hopes to build another 100,000 homes in the area in the next 20 years and further enhance the greenery there.

The agency's ideas for improvements are on display at the URA Centre in Maxwell Road, in the A River Runs Through It exhibition. It was launched by Minister for National Development Lawrence Wong yesterday and will run until May 2. The URA hopes to get public feedback through the free exhibition, which is open from 9am to 6pm on weekdays.

Consultations with residents, landowners and other stakeholders will continue for the next few years, though more details can be expected next year, the URA said.

The budget for the project has not been finalised.

Ms Tang Hsiao Ling, director of JTC's Land Planning Division, said it will work closely with the URA to transform Kallang Industrial Estate into a vibrant mixed-use precinct with high-rise facilities to meet the evolving needs of industry.

"The revitalisation plans for the estate are still under discussion, and could potentially include inte- gration with future residential developments along the waterfront and parks, which will bring jobs closer to home," she said.

Property analysts said the redevelopment would boost property prices in the area.

Mr Ong Kah Seng, director of property market research company R'ST Research, said the river's central lo- cation will attract visitors and spur interest among property buyers.

"The property prices are set to be able to achieve long-term capital appreciation too, due to the prime lo- cation and the tremendous efforts to develop the locality," he said.

Mr Liam Wee Sin, deputy group chief executive of UOL Group, which will be redeveloping the site of the former HUDC estate Raintree Gardens, said the new estate will preserve as many existing rain trees lining the riverfront as possible, and will blend seamlessly with the waterfront promenade.

One resident who is excited about the potential upgrading is Mr Leong Sing Wee, 64, who has lived in Potong Pasir for more than 30 years. His home is a 10-minute walk from the Kallang River, and he often does brisk walks along its banks.

"The river is quiet at night, so hopefully with the developments, it can be as vibrant like Clarke Quay," said the finance consultant.