The 2 enbloc sales in Balestier area have been successfully clinched as planned. Far East & Orchard Parade purchased Pastoral View together with adjacent OCBC land at an estimated $847 per square foot per plot ratio (psf ppr), and a local boutique developer bought Melrose Court at $665 psf ppr.
With the series of cooling measures introduced lately by Government, we expect to see more caution from developers in their land bidding. However freehold prime sites with sizeable areas are difficult to come by nowadays, therefore the recent enbloc at Pastoral …

I read with the article published on Saturday, July 10 2010, “Some missing out on property boom” by Esther Teo with gratification. With the current properties surging sky high, and many articles ‘talking up’ the market, this article helps to remind to us the inherent risks in property market. The prices will not be going up forever. What goes up will come down.
For projects launched amid a property boom when speculative mood is high, you tend to get burnt easily especially if you are not financially strong. Just take a …

The Centro Residences development by Far East Organization, which is located strategically next to AMK hub and opposite AMK MRT, has been awarded to homegrown developer Lian Beng Group at S$78 million construction deal. It is a construction of a 34-storey residential tower with a multi-storey carpark, clubhouse, swimming pool and playground. The work on the development is expected to start in March and will be completed by January 2013.

Remember that the Centro Residences was the first development in suburban to be launched at  over $1000 psf, moreover it is …

This Saturday Straits Times covered quite a thorough detailed report on the property sector, its roller coaster rides over these past 2 years. It has somehow prompted me to review several property projects in retrospect.
Still remember the small player, Bravo Building construction turned developer? It defaulted its collective sale deals in $516 million Tulip Garden in Holland Road, by forfeiting its $25.8 million deposit in April 2008. During the turbulent period, many developers suffered under the hand of the financial crisis. And it has been more unforgiving to the small …

Ng Teng Feng’s news have been plastered over many headlines in these days. For the richest man in Singapore, he maintained an extremely low profile with not many people having seen his picture. With his death, many people are interested to get to know the story behind this mysterious man rising to the wealth with no money and education.
With the limited resources, SPH senior writer Wong Kim Hoh managed to squeeze the brief background and Ng Teng Feng rising from the first property of Far East Plaza to the empire today.
MR …