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Subscribe to this list via RSS Blog posts tagged in LTA

Posted by on in New Launches

Rochor-Centre.original.jpg

Most of the residents at Rochor Centre have relocated, while the few remaining ones have until the end of this week to move out, according to the Housing and Development Board (HDB) in a report by TODAYonline.

The iconic estate, known for its multi-coloured residential blocks, will be demolished to make way for the 21.5km long North-South Corridor, an expressway which will link the city centre with towns in northern Singapore.

On Thursday (29 December), the HDB said nearly all the 567 households there have obtained the keys to their replacement flats, with 504 families opting to resettle at Kallang Trivista in Upper Boon Keng Road.

Although most of the residents have returned the keys to their flats in Rochor Centre, some have asked the authorities to extend the deadline, as they are not able to vacate their premises by year-end.

Among them is housewife Shanel Yep, 38, who intends to relocate to a flat in Bendeemer before the Chinese New Year.

“We have considered their individual circumstances and will continue to work with them to vacate the units as soon as possible. For security reasons, we have advised the remaining residents to move out soon,” said an HDB spokesman.

Once all residents have moved out, the property will be handed over to the Land Transport Authority (LTA).

 

Credits: Propertyguru

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Posted by on in New Launches

Construction work on the new Canberra MRT station along the North-South Line has commenced, said the Land Transport Authority (LTA) on Saturday (26 March).

Located along Canberra Link and between the Sembawang and Yishun stations, the Canberra station will serve commuters living in nearby estates such as Sembawang Springs, as well as upcoming residential developments in the vicinity.

China State Construction Engineering Corporation Limited (Singapore) was awarded the $90 million contract for the station in mid-2015.

“When the new station opens in 2019, commuters travelling towards the city centre or Jurong East will save up to 10 minutes of travelling time,” the LTA said in a statement.

To better facilitate commuter movement and enhance accessibility, Canberra station is designed with five entrances, with one connected to the new housing estates across Canberra Link. The new station will also have covered linkways to bus stops and bicycle parks.

This is the second time an MRT station is being built on an operational MRT line, noted the LTA. The first was Dover MRT station, between Clementi and Buona Vista stations on the East-West Line, which was completed in 2001.

Credits: Propertyguru

(Check out new condominium developments near Canberra MRT Station: Brownstone EC Floor Plan, The Visionaire EC Pricing)lauh

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Sales crashed by 66.6%.

According to Knight Frank, private investment sales plummeted to $1.1 billion, a significant decline of 66.6 per cent quarter on quarter (q-o-q). The Real Estate Investment Trusts (REIT) market was especially quiet in 1Q 2014 with no flotation and acquisition activities in the local investment sales market.

Investment sales in the residential sector finally regained its pole position by constituting 55.4 per cent of the total investment sales volume in 1Q 2014. This is followed by the commercial & hotel sector and the industrial sector, which comprised 39.2 per cent and 5.4 per cent of total investment sales value respectively.

Credits: Singapore Business Review

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