Sales programme and a developer has perpetrated a minimum play for the development.

Forestwood Residences is a 99-years leasehold Serangoon Condo in District 19. It is under reservation list of the Government Land Sales programme and forestwood residences a developer h AS committed a minimum play for the development. The total amount of bids obtained for the tender is 1 1 and this signals that there are great interest in the plum website despite market conditions. Analyzers note the developers are keen to shore up their land banks because of the fact that there are now less sites available for sale and therefore this plot of land managed to collect many interest among the developers.

City Developments Limited (CDL), the developer for the successful bid for the Lorong Lew Lian website is quite experienced in creating new start in the place as it’s also the developer for neighbouring Bartley Ridge and Bartley Homes. Plans are underway for the landscape construction of Forestwood Residences condo including a swimming pool for the occupants to relax together with a tennis court for some quality time with the household. Additionally there are plans to include both an indoor and outdoor gym.

$14million given for five research projects

The Ministry of National Development and the National Research Foundation have awarded $14 million in capital to five research projects, out of the 26 white papers submitted for the second call for proposals under the Land and Liveability National Innovation Challenge (L2 NIC).

“The given projects presented opportunities to use technology to improve the living environment for Singaporeans, in addition to push the frontier of possibilities for future development of dwelling spaces,” both agencies said in a joint statement.

Launched in July 2015 during the Urban Sustainability R&D Congress, and closed The Clement Canopy in August of the same year, the second call for proposals under the L2 NIC plans to challenge the research community to come up with innovative alternatives.

Specifically, its aims are to improve the cost effectiveness of developments that are subterranean by 50 percent, as well as enhance human comfort and well being by reducing ambient temperature by 4°C and surrounding sound by 10dBA in urban areas.

The five research projects that received funding included a proposed study by Nanyang Technological University’s (NTU) Assistant Professor Wan Man Pun to develop cool surface stuff, which can help lower the heat on buildings and road surfaces.

A project by Lee Fook Hou, Associate Professor in the National University of Singapore (NUS), involves developing a prototype equipment to slash the building costs of subterranean developments by enabling direct injection of cement into soft ground around corners and obstructions.

NUS Associate Professor Ho Ghim Wei means to create a nanocomposite material for buildings that help purify the atmosphere and can transform heat.

Another suggested study by NTU’s Professor Chu Jian aims to develop a web-based three-dimensional geological and geotechnical data modelling and management system, to reduce construction cost and increase productivity for future developments that are underground.

Meanwhile, NTU Associate Professor Gan Woon Seng intends to create a software system that can simulate noise and how it is changed by the environment. Through this, he expects to develop soundscape masking techniques to decrease the effect of loud noises.

Luxury home looking takes to the skies

There’s a brand new method to go high-end house hunting.

“We do’t do it for just anyone – they have to be very well-certified,” said Gwen Banta, a La-based high-end agent, who has flown clients over US$11 million and US$16 million homes in Southern California. “You get that they’re and see in love with the area before they ever contact earth and come in over the lake.”

Sol AcresLake GrandePrincipal GardenNorth Park ResidencesHighline ResidencesThe CrestSims Urban OasisBelgravia Villas

In order to plan the best screening, aviators and agents strategise in advance to be sure everything goes smoothly. The pilot will take down the co Ordinates of the houses and neighbourhoods the agent desires to show, and pops up with a flight plan accordingly.

But how much do these helicopter tours cost? If you’re not unlucky, your agent will foot the bill. Costs reportedly start at US$650 to US$ 800 an hour for a three- pilot and passenger helicopter, should you have to purchase it. Many agents who offer helicopter screenings catered lunches for customers within the package and also provide sightseeing tours.

“To provide something that a truly affluent man would value is not a straightforward action to take,” mentioned Chris Feurer, Chief Executive Officer of Jameson Sotheby’ s Global Realty in Chicago.

Some pilots have taken advantage of the trend and are actually getting their own property licences. This enables them earn commissions on sales instead of simply hourly fees and to cut the middleman out. Naturally, if you actually want the man flying the helicopter to additionally close your property transaction you’ll have to decide.

Singapore stays most attractive for infrastructure investment

Singapore has retained its standing as most attractive market is ’sed by the world for infrastructure expense, in accordance with the third edition of the Global Infrastructure queens peak dundee Expense Index, published consultancy firm Arcadis and by international design.

The city-state ranked highly across monetary and business, danger, infrastructure indexes, and despite a slightly lower score for economical factors, it preserves a strong overall economic environment.

Several big projects have been planned for healthcare and conveyance, including the growth of Changi Airport through the building of a terminal.

“In the region in general, there is definitely a lot of social and public requirement for new infrastructure. There are an entire host of project ideas and plans out there, but they truly are not bankable or investible enough, which is the fundamental difficulty,” mentioned Graham Kean, Head of Customer Development at Arcadis Asia.

Although most projects here are publicly funded, function is now underway to make infrastructure as an asset class more appealing to personal institutional investors, for example through the development of new benchmarking resources.

Presently, Singapore invests around five percent of its gross domestic product in infrastructure (US$20 billion in 2015), and this continues to increase. By 20 20, it plans to invest six percent of GDP (US$30 billion).

Elsewhere in Asia, Malaysia climbed to fifth spot in the ranks. Its powerful economic performance and continued long-term investment in infrastructure, including the capital’s metro system, have created the market attractive for investing.

When it comes to economic score, China was first among the 41 states analysed, though its less appealing business conditions and greater threat surroundings found it ranked 17th on the index.

Developer reach with S$2 .7mil in extension costs

CapitaLand had received to pay $2.7 million to expand its deadline to sell the remaining units New Launch Property at The Interlace.

This computes to S$21,000 per unit or S$7 psf, documented TODAYonline.

Originally, the remaining flats at the 1,040-unit condominium on Depot Road should have been disposed by 13 March, but because spending the months. have another fees properties there has to be sold by, CapitaLand’s deadline to sell been

Nevertheless, the developer transferred 222 residential units with a combined worth S$506 million in the city state during the period under review, up from the S$197 million it earned for promoting 69 units annually ago.

Another cause for the lower sales is the absence of good value increase of S$59.6 million due to the usage change of Ascott Heng Shan Shanghai in Q1 2015. But the fall in earnings was partially offset by greater contributions from higher rents at its serviced residence company and CapitaGreen, in addition to sales in China.

Last month, Property Developers’ Organization of Singapore (REDAS) President Augustine Tan believed that developers in Singapore could bear nearly S$100 million in extension fees for failing to promote their remaining inventory in 2016.

In its newest earnings report, CapitaLand shown that it’s identified buyers for 8 9 percent of the units it’s established thus far, adding the 55-unit The Nassim at Nassim Hill and the 109-unit Victoria Park Villas in Victoria Park Street are set to be unveiled in H New Launches Singapore 1 2016. Its Cairnhill Nine advancement also posted healthy sales, with 193 from the 268 units changing hands as of last Thursday (14 April).

Despite the drop in revenue, CapitLand’s profit after tax and minority interests (PATMI) soared by 35.4 percent yr-on-year to S$218.3 million in Q1 2016, thanks to the divestment of a property in China, Somerset ZhongGuanCun Beijing.

New Dubai tower taller than Burj Khalifa

Tallest building is ’sed by artist’s belief of the brand new US$1 billion tower, that will surpass the world.

The property developer accountable for the world’s tallest building, tall Burj Khalifa in Dubai, plans foot the 2,716 to construct another skyscraper in the emirate that will surpass the current titleholder, reported The Telegraph lately.

It will also be the principal highlight of its Dubai Creek redevelopment project.

The unnamed skyscraper, which will have a needlepoint as well as a slight construction -like tip, was designed by architect Santiago Calatrava Valls, who is well-known for his futuristic works like the City of Sciences and Arts complex in Valencia, Spain. (also Treasure Crest aka Treasure Crest EC)

It will also feature a luxury resort, 18 to 20 floors of shops, glass balconies that rotate on the exterior, and other tourist facilities, said the developer.

Construction work is set to commence in June and also the tower is expected to be prepared before the Dubai World Expo in 2020.

But, the coming tower as well as the Burj Khalifa will still be overshadowed by Saudi Arabia’s 3,280ft Jeddah Tower, a US$1.2 billion skyscraper that’s additionally targeted for completion by 2020.

Meanwhile, two New York-based architectural firms lately proposed to construct the 5,577foot high Sky Mile Tower in Tokyo, Japan.

Surrounded by an archipelago of islands designed to secure the city from flooding, the skyscraper will feature shared public facilities and multi-level open air skies decks at every 320 metres.

If strategies for the eco friendly complex are approved, it’ll be taller compared to the Jeddah Tower and may be ready by 2045.