Savills Singapore Property Digest 23 February 2011

[Keegan Aw @ Savills, SG]

Hi Mates

FYI

Best Regards

Keegan Awyang

Division Head (K-Group)

Savills Residential Pte Ltd

CEA Reg. No.: R029192J

Mobile: 8382-6838

Begin forwarded message:

From: "NewsLetter, HK, Asia" <newsl...@savills-asia.com>
Date: February 23, 2011 10:39:21 AM GMT+08:00
To: "Keegan Aw @ Savills, SG" <Keegan...@savillsassociates.com.sg>
Subject: Savills Singapore Property Digest 23 February 2011

Singapore Property Press Digest 23 February 2011 Property Search Property Showcase Services Research News About Savills Press Digest SINGAPORE STOCK MARKET: STRAITS TIMES INDEX CLOSE: SINGAPORE INTEREST RATE: PRIME RATE: 3-MTH SIBOR: 22 February 2011 3,090.12 (-51.48) 22 February 2011 5.38% 0.44%       Amber Towers up for collective sale – ZB (Pg 23) ZB just ran a report on the launch for collective sale of Amber Towers. Suzie Mok, Director of Savills Investment was quoted as saying that Amber Towers has good site attributes and strategically located at the corner of Amber Road. The proposed redevelopment site which has a near square configuration, can be redeveloped into a high-rise condominium comprising approximately 110 units with an average size of around 1,200 sq ft each. We expect strong interest in the site as it is well located along the choice stretch of Amber Road in District 15 which has always appealed to the upper mid-market residential segment, added Suzie.       HDB offers sales sites in Tampines, Bendemeer - BT (Pg 10), ST (Pg B24), ZB (Pg 23) The Housing & Development Board (HDB) has launched two residential sites. The first is a condominium site at Bendemeer Road/ Whampoa East, near Boon Keng MRT station, can yield an estimated 780 units. The other is an executive condominium site at Tampines Central 7. Around 660 flats can be built on the site.       Changi Airport expands its retail space in T1 & T3 – ST (Pg B1) Changi Airport is planning to add more retail space to its public mall areas. It was reported that the airport is expanding its retail and restaurant space in T3 by nearly a third to 75,000 sq ft. It is also in the process of upgrading T1. For further information please contact: Jessie Yeo Michael Lim Executive Director Consultancy & Valuation Savills (Singapore) Pte Ltd +65 6415 7580   Contact   Corporate Communications Manager Central Management Savills (Singapore) Pte Ltd +65 6415 7579   Contact You are receiving this email because you have given your consent to receive email communications from Savills plc and its group of companies about new products and services we offer. If you wish to unsubscribe from future editions of this email bulletin please use the unsubscribe functionality below. Alternatively, if you wish to unsubscribe from all future Savills email communications please send an email to newsl...@savills-asia.com All content © copyright 2011 Savills. All rights reserved.

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