Tanjong Pagar Centre obtains TOP

Tanjong Pagar Centre claims the title of the tallest building in Singapore. At 290m, Tanjong Pagar Centre will tower over the central business district, displacing UOB Plaza One, One Raffles Place and Republic Plaza, which had jointly held the title. The three buildings are about 280m tall – One Raffles Place was completed in 1988, UOB Plaza One in 1992 and Republic Plaza in 1995.

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The 64-storey development, which cost $3.2 billion, comprises Guoco Tower, or 890,000 sq ft of Grade A office space; 100,000 sq ft of retail and food and beverage space; a 100,000 sq ft urban park; a 181-unit luxury residential component Wallich Residence; and the 222-room Sofitel Singapore City Centre hotel.

GuocoLand has secured temporary occupation permit (TOP) for its office tower, Guoco Tower, and the basement retail component of Tanjong Pagar Centre.

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Source: The Edge Property

Bukit Timah Nature Reserve reopens after 2 years of restoration work

The Bukit Timah Nature Reserve reopened on Saturday (Oct 22) after two years of restoration works and enhancements. The two-year closure allowed the National Parks Board (NParks) to repair and enhance the slopes and trails to make it safer for the public. Bukit Timah Nature Reserve is an Asean Heritage Park and visitorship to the reserve had increased over the years.

Hillion Residences owners can look forward to this when the project is TOP in 2017. The highest peak in Singapore, Bukit Timah Hill, is in the reserve. Residents of Hillion Residences can enjoy this rare gem of Singapore right at their doorstep.

Straits Times

New Seletar Airport terminal at the end of 2018

Seletar Airport is to open a new two-storey terminal at the end of 2018. It will have the capacity to handle 700,000 passengers per annum.

This is a good news to the residents in the North East including Treasure Crest EC at Anchorvale Crescent. Besides creating new jobs, the new airport is also going to add vibrancy to the North Eastern region of Singapore.

Channelnewsasia

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Past Government Land Sales at Marina Bay

For the records, the following is the summary of the past GLS transacted at Marina Bay.

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Source: URA

Levy might increase, 99-year lease shorten for future HDB flats in city

To mitigate any windfall effect from the resale profits, the Government will look at potentially selling future public housing within the city under a different model, be it implementing a longer MOP from the current five years, or a shortened lease from the 99 years now.

Future public housing projects in coveted downtown areas might come with stricter resale conditions, he added, in a bid to mitigate any “windfall effect” from the resale profits and ensure more equity.

Mr Lawrence Wong
National Development Minister 
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Pinnacle@Duxton is cited as HDB in city

Raintree Gardens sold en bloc

Here are the vital statistics of the en bloc sale:

Project Name Raintree Gardens
Price sold $334,200,000,000
Total units 175
Site Area (sq ft) 201,405
Plot Ratio 2.8
psf ppr (including premium to top up lease) $797

With the estimate of $500 psf for the construction cost, the estimate break-even cost for this development is $1,300 per square feet. Each house hold of Raintree Gardens is expected to pocket about $1.9m from the en sale. Not bad! Looks like en bloc is making a comeback. This marks the third successful en bloc sale this year. Not bad in a so call lack luster property market.

Today Online

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Bikers’ paradise

For mountain bike lovers of Hillion Residences, there is a mountain bike trail in the Bukit Timah Reserve. The 6 km Bukit Timah Mountain Bike trail loops around the reserve with several technical climbs that challenge the skills of even the avid bikers. Along the trail, be rewarded with beautiful sights of the reserve and the aromas of the jungle.

You can enter the trail either through Diary Farm Road or Hindhede Park. Hillion Residences is near the Bukit Timah Reserve.

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