Reliable $1 Web Hosting by 3iX

Tuesday, November 30, 2010

ST : Major facelift for three more estates

Nov 29, 2010

Major facelift for three more estates

They will be revamped under Remaking Our Heartland scheme; more details to be out soon

By Rachel Chang
THREE more towns will soon be given wholesale facelifts under the Housing Board's masterplan to rejuvenate housing estates, said Prime Minister Lee Hsien Loong at the People's Action Party conference yesterday.

This follows the progress made on the initiative's first three pilot towns - Punggol, Yishun and Dawson - where waterfront parks, cycling paths and designer HDB blocks are now being built.

He did not elaborate further, saying only that the names of the three estates would be announced soon.

Contacted by The Straits Times, the Ministry of National Development said more information would be announced 'within the coming weeks'.

During his speech, Mr Lee dwelt at length on this initiative, known as Remaking Our Heartland (ROH), which was first announced in the 2007 National Day Rally.

'Those were slides,' he recalled, referring to the artists' impressions he showed the audience then. 'Now we have the reality.'

Beyond standard HDB flat upgrading works such as new doors and better bathrooms, the ROH programme visualises a holistic transformation of the neighbourhood, building on qualities unique to that town's history and geography.

For example, in Dawson, which was the first public housing estate built in the 1970s, a canal park lined with heritage boards will link up the estate's new HDB blocks.

The boards will incorporate Dawson memorabilia collected from the community, such as a pair of 1973 cinema ticket stubs from one of Queenstown's first movie theatres.

Punggol, which is set to be Singapore's first 'eco-town', will have solar panels and rainwater recycling facilities, as well as a 4.2km waterway running through the neighbourhood on which residents can canoe. And in Yishun, a middle-aged town, a waterfront park will be built by Yishun Pond, and its existing amenities such as the library will be upgraded.

Under the ROH initiative, award-winning architecture firms have been enlisted to design these new developments.

In announcing the expansion of the programme, Mr Lee said he had 'every confidence that we will deliver on these plans, and build a first-class city and a first-class home'.

This is 'provided Singaporeans support the plans, support the Government, work with us, make it happen,' he added. 'And it will happen.'

'Then we will make this one of the best countries in the world to live, to work, to play and to retire in.'

rchang@sph.com.sg



--------------------------------------------------------------------------------


VISION TURNED REALITY

'Those were slides. Now we have the reality.'

PM Lee Hsien Loong, referring to the artists' impressions he showed the audience at the 2007 National Day Rally



Children enjoying the playground facilities (above) at Dawson Estate in Queenstown last week. -- PHOTOS: LIANHE ZAOBAO,HDB

ST : 48 units sold at preview for d'Leedon condo

Nov 29, 2010

48 units sold at preview for d'Leedon condo

By Cheryl Lim
SALES of CapitaLand's latest development d'Leedon got off to a modest start over the weekend, with 48 units sold at a preview launch for a select group of buyers.

This was 24 per cent of the 200 units that were available at the preview, which was open exclusively to former owners of Farrer Court units. D'Leedon sits on the site of the former Farrer Court, which was sold en bloc in 2007.

The units that were on offer ranged from one- to three-bedroom apartments. They were priced at an average of $1,680 per sq ft (psf).

That makes the cheapest apartments - 635 sq ft units with a bedroom and study - less than $1 million each. A typical two-bedder of 1,055 sq ft would set a buyer back $1.5 million.

CapitaLand yesterday said owners from 266 Farrer Court units visited the show gallery over the weekend. The developer will begin public sales of the condominium on Thursday.

A former resident of Farrer Court, who declined to be named, felt the sale prices of d'Leedon were 'a little on the high side' for a 99-year leasehold project.

He said that units at nearby Waterfall Gardens, a new freehold development, were being sold at a comparative price. Still, he bought a $1.9 million three-bedroom unit at the d'Leedon.

'Two of my neighbours also felt (prices were a bit high),' he told The Straits Times.

'But we bought (units in) this place for sentimental reasons; we've lived in the area for so many years... You can't find other developments with these kinds of views.'

Another former resident, who gave her name only as Mrs Wong, purchased a studio apartment for slightly more than $1 million and said she felt prices were reasonable. 'It's not cheap but it's not expensive. Considering that the development looks quite nice and there is generous space offered, as well as the location and facilities, it's kind of a fair price to pay,' she said.

D'Leedon sits on a huge site of more than 840,000 sq ft, with 22 per cent of the land area being taken up by the 1,715 homes in the project.

The rest is slated for gardens, facilities such as two swimming pools and a gym, and retail outlets which could include restaurants, a laundromat and a clinic.

Buyers The Straits Times spoke to said they are confident the prices for units at d'Leedon will appreciate in the coming months.

Separately, property developer UOL Group said it has sold 252 of the 320 units released to date at its Spottiswoode Residences near Tanjong Pagar. A UOL spokesman said sales of the three-bedroom units were good and almost all of the development's seven penthouses have been sold.

Another developer, MCC Land, said nearly half of all the units at its executive condominium project The Canopy have been sold. Since its launch last month, the development located in Yishun Avenue 11 has sold 188 of the 406 units available.

Pre-development Land Investing

In business for over 30 years, success in providing real estate investment opportunities to clients around the world is a simple, yet effective separation of roles and responsibilites. The four pillars of strength guide the land from the research and acquisition, through to the exit, including the distribution of proceeds to our clients ......


To know more how this is really work for you and your clients....

Please contact me Terence Tay @ (+65) 9387-5896 or email : terencetay.kh@gmail.com