Posted by lushhomeonline on June 19, 2008
Capitol Centre at Stamford Road may be demolished to make way for a new hotel to meet demand for hotel rooms. The location is one of eight confirmed sites that have been released for sale, under the Government’s Land Sales programme.
The Ministry of National Development also announced on Thursday that it will release enough land to potentially build nearly 8,000 private residential units, in the second half of the year.
Meanwhile, Capitol Building, Capitol Theatre as well as Stamford House have been gazetted for conservation. The Urban Redevelopment Authority said the sale of the site they are on, will not only facilitate the restoration of the conserved buildings, but also add vibrancy to the area.
All in, a 1.45 hectare land parcel at the corner of North Bridge and Stamford Roads will be released under the confirmed list of the government land sales programme for the second half.
The successful bidder has the option to demolish Capitol Centre to build new and higher-yielding properties.
These include a 600-room hotel, which will increase the number of hotel rooms in the vicinity.
Analysts expect this site to generate a lot of interest.
Nicholas Mak, Director, Consultancy & Research, Knight Frank, said: “If you look at the entire area, I think it is located in a jewel of a location. The location is prime and is located very close to Raffles City, the MRT and has excellent exposure with potential re-development for one component of it, which is Capitol Centre. So, again there’s a lot of imagination. It will certainly attract world class developers.
Another 100-room hotel is slated at a confirmed site at Bukit Chermin.
This is timed to coincide with the completion of the Labrador Nature and Coastal Walk in 2011.
Tay Huey Ying, Director, Research and Advisory, Colliers International, said: “This particular locality is going up very nicely into a tourist attraction as well as drawing more businesses and residents to this locality. I think the availability of this site in the GLS programme will probably generate a fair bit of interest because sites for hotel development in this locality is generally very limited.”
She added that the four black and white bungalows would also add character and ambience to the hotel development.
Other sites up for sale are residential sites at Yio Chu Kang, Seletar Road, Sembawang Greenvale, New Upper Changi Road, Tanah Merah Kecil Avenue, Punggol Field, Punggol Road which is marked for the building of executive condominiums
Although the site at Yio Chu Kang, Seletar Road will have commercial activities, property analysts are not expecting developers to bite
The latest programme also includes two new sites which will transform the Jurong Lake District and Kallang Riverside into a destination for work, life and play. - CNA/vm
Source : Channel NewsAsia - 19 Jun 2008
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2008
(752)
-
▼
June
(221)
- 一些亚洲经济体拟巨资救市
- 高盛下調國指一年目標至14,800點
- HDB launches 2 new BTO projects in Punggol, Sengkang
- 為搶救台股 政院邀喝咖啡 外資釋善意:伺機加碼進場
- 經濟學人:外資瘋狗浪淹沒中國 若撤離後果將不堪設想
- On the market: New launches
- 賦改會成軍 邱正雄:期望1年為期完成賦改任務
- 伊朗恫言切断石油运输 (2008-06-30)
- 7月本地将有与地铁线平行新巴士服务 (2008-06-30 2.00pm)
- 海峡时报指数 (STI) (2008-06-30)
- 售价保持每平方英尺900元 Kovan Residences今私人预览
- 《盤後解析》暴跌263點!融資斷頭殺出,下週有機會反島型反轉向上
- 金融時報:亞洲房地產投資信託市場2008下半年境況或更艱難
- 巧妙擺設讓小居室顯得寬敞明亮
- 中信房屋:央行升息 房貸戶雪上加霜 資金不足勿倉卒進場
- 銀監會兩道權杖再堵融資管道 地產商退居二線
- 经济师大跌眼镜 5月制造业产值远比预期差
- 中国加息预期增强
- US existing home sales rise 2% in May
- US existing home sales rise 2% in May
- 大巴窑1A巷地段 供私人发展商建组屋
- 6th Design, Build and Sell site up for sale in Toa...
- Ho Bee’s robust sales prompt more launches
- Flight to quality may cool office rents in places
- 北京樓市住宅投資回報率低於一年期存款利率
- 上海“普陀地王”退地 中國宏調下“蛇吐象”
- Citi sees no oversupply of homes in next two years
- 分析师:滨海舫将是本地房市温度计
- 本地百万美元富翁 增万名达7万7000人
- Singapore economy holding up despite global downturn
- 20080626 國際經濟與金融情勢之分析
- 光大銀行下調固定房貸利率
- 阿聯能源部長:如果市場需求增加 阿聯願提高石油供應量
- 阿聯能源部長:如果市場需求增加 阿聯願提高石油供應量
- 樓市下跌心理防線降至20%
- Foreign developers remain upbeat about Singapore’s...
- The bigger you are, the better you weather the storm
- 兀里弄共管公寓地段 六公司竞标但出价不高
- A cohesive nation, thanks to the HDB
- Bids for Woodleigh condo site lower than estimates
- 成交量萎縮"傳染"全國房地產繼續深度調整
- 樓市低迷深圳關內樓盤首破萬元
- 調查:全球百萬富翁人數突破千萬名 美國佔約1/3
- 组屋区首条脚踏车道周末动工
- 自辦券商維持率失守140% 融資追繳紅色警戒
- 越南從天堂掉到地獄 ( 2008/06/18 )
- 谢国忠:股市暂无转机 证监会官员不能建公司
- 三巴旺和兀兰辟脚踏车专用道
- 出乎意料 低于经济师预测 5月份通胀率维持7.5%
- 國際金融市場晨訊 《資料日期:97/6/24》
- 美联储料维持利率不变 会后或继续强硬措辞
- Singapore property market approaching peak: report
- Subsales carve out bigger slice of home deals
- 潘石屹稱開發商大規模欠款已發生
- 匯豐預計香港利率水準將在年底前保持不變
- Healthy weekend home sales as attractive pricing d...
- 中国真应该经济援越吗? 《财经网》
- 兀兰预购组屋 新措施让“不急者”打退堂鼓 预购组屋申请者减至三对一
- 台股盤前-護盤味道濃厚 美股力圖止穩 有反彈機會
- 令世界瞠目越南地產價格曾達每平方米17萬美元
- 上海高端二手房難賣 徐家匯二手房租金下調3%-5%
- 上海豪宅翠湖天地最高每平米13萬逼近湯臣一品
- 海峡时报指数(STI) (2008-06-23)
- 海峡时报指数(STI) (2008-06-23)
- 北京:政策性住房使用公積金貸款首付最低10%
- Foreigners cash out from Asian Market
- 调查显示 全球房地产涨势接近尾声 (2008-06-21)
- 美联储实行中国央行货币政策?
- 尼日利亚石油产量大幅下, 尼日利亚目前的日产量不足150万桶,为25年来最低水平,而该国的日产能为2...
- Buyers bidding up prices of shophouses
- 本地组屋转售市场今年首五个月交易量下滑
- 恒大地產上市擱淺遺患無窮:廣州地王被迫交回?
- 小一报名 “义”军突起争夺学额 (2008-06-20)
- 房地产市场疲弱 政府下半年减少售地 (2008-06-20)
- 两短期办公楼地段正选 分析师:可能供应过剩 (2008-06-20)
- 客房收费虽飙升 仅一酒店地段列正选
- Government releases eight confirmed sites for sale
- F1 hotels still have lots of room
- Some 7,960 private residential units to be built i...
- Govt to offer 13 new land sites in second half
- 中央出手調漲油電價 港股ADR力捧 有利相關類股表現
- 短期要谨慎 但未来6个月到18个月的时间段内,中国经济和股市表现仍然看好
- 中国经济:必须调整油价 黄益平 《财经网》
- Singapore short rates dive, defying expectations
- 政策轉向市場面 花旗:京奧前中國將短期大幅調整能源價格
- 星展集团(DBS Group) (2008-06-19)
- 好住宅必备三个基本条件
- 风水学上八种住宅要避忌
- 幸虧早賣了港交所
- 謝國忠:越南危機影響中國有限 須嚴防通膨 擴大加息力度
- Deutsche Bank:交換利率急升 英國房市出現崩盤危機!
- 美國5月新屋開工低於預期
- Inflation’s silver lining for local banks
- 新加坡交易所 (SGX) 评级:出售 目标价:6.20元
- 嘉茂商产信托 (2008-06-18)
- 淡滨尼私宅地段招标 (2008-06-18)
- 永豐金港股盤勢分析-恆指觸底 投資人可逢低增持
- 中國社科院:別作壁上觀 東亞聯手救越南 僅1%外匯儲備就足夠
- Rising construction costs put squeeze on builders
- URA plot facing Bedok Reservoir up for sale
-
▼
June
(221)
No comments:
Post a Comment