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Showing posts from September, 2010

Punggol site bids below expectations

As published in The Straits Times
23 Sep 2010

By Jessica Cheam

Lower bids suggest cooling measures starting to have impact, say observers

A PUNGGOL executive condominium site tender closed on Thursday with four developers putting in bids below industry expectations.

The highest bid for the Punggol Drive plot was $136.2 million, coming from Qingdao Construction (Singapore) and working out to be $237 per sq ft (psf) - below the anticipated $250 to $290 psf predicted by analysts.

The bid was only 2.2 per cent higher than the second-highest offer of $133.2 million from Hoi Hup Realty, Sunway Developments and SC Wong Holdings.

SLP International research and consultancy executive director Nicholas Mak noted that Qingdao's bidding price was 23 per cent lower than the amount paid by ChoiceHomes Investments and CEL Development for another exec condo site in Punggol Field earlier in June.

Industry observers say the tender results suggest that the Government's supply-side measures to cool …

Highest Bid for Punggol Site

Qingdao Construction submits highest bid of S$136m for Punggol site

As published on CNA
23 September 2010

By Jonathan Peeris

SINGAPORE : The Housing and Development Board (HDB) has closed the tender for a residential site at Punggol Drive/Punggol East after receiving four bids.

The highest bid of S$136 million for the site came from Qingdao Construction. That translates to about S$237 per square foot per plot ratio.

The next highest of S$133 million came from joint bidders Hoi Hup Realty, Sunway Developments and SC Wong Holdings.

Li Hiaw Ho, executive director of CBRE Research, said the quantum of the bids is quite modest, which is expected for a location that is lacking in amenities and further away from Punggol Central.

Mr Li added that units in this new executive condominium project will possibly sell around S$600 per square foot.

The land parcel has a site area of 15,700 square metres and a maximum allowable gross floor area of 53,380 square metres.

The proposed site is for ex…

Punggol Breeze under construction

Fibre Optic Internet

Fibre optic cables for Singapore's new, ultra high-speed broadband network, which will be completed by 2012, will be installed into homes and offices from September 2009.

The company contracted to do the installation, OpenNet, will start sending out letters to homeowners from July 2009.

Residents have three weeks to respond and installation is free.

You can log on to OpenNet website to check when the scheduled date for your house is targetted.

'Green' club for Punggol in 2011

As published in Asia One News
18 Jan 2010 (Monday)

By Jake Chng

AFTER getting eco-friendly flats, Punggol will also have an eco-friendly community club. The $9-million community club, which will open next year, will have a system that pumps rainwater from nearby drains into tanks on its roof. The water will be used to water plants.

The club will also use energy-saving lights and air-conditioners, and have many open-air spaces, including an outdoor gym and a rooftop garden, to promote natural ventilation.

Member of Parliament for Pasir Ris-Punggol GRC, Miss Penny Low, said that the club's management aims for it to achieve the Building and Construction Authority's highest accolade for "green" buildings, the Green Mark Platinum award.

The club, situated beside shopping mall Punggol Plaza, will be an upgrade over the community centre that it will replace - the 650 sq m Punggol 21 Community Centre, which occupies the void decks of blocks 172B and 172C, Edgedale Plains.