The Projected Recovery Rate of the Construction Industry this 2021
This year, the construction industry is expecting a recovery. The increase in demand is projected to rise to 65 percent. This was the assumption of the Building and Construction Authority this January.
They are projecting between 23 to 28 billion USD new contracts this entire year. Also, the public sector is expected to have a significant contribution to it as well for a hefty sum of 15 to 18 billion USD. This will be allotted for various infrastructure projects. Please see Midwood for more details on the development.
Although with regards to the private sector there s a little bit lesser demand, it is still expected to grow by 8 to 10 billion USD this 2021. There will be a primary retrofitting of infrastructures to ensure that business in the area will be topnotch.
Since the pandemic construction projects have dropped significantly by over 6 billion dollars from 2019 to …
The Launch of Normanton Park Condo by Kingsford Huray Development
The newly built residential project, Normanton Park is located in district 5 of One Normanton Park. It is developed by the reputable real estate developer, Kingsford Huray Development. The project is 24-storey block high and comprises 1,862 residential units in total. Aside from the 1,840 apartments, Normanton Park also has 22 strata units. 8 strata commercial units are available for sale. While 3 of these were already sold over the weekend. And on its first launch, the project sold 600 residential units. This is equivalent to ⅓ of the 1840 apartment units in Normanton Park. Property agencies that promote the project are expecting it to beat the sales of Clavon. This is because the Normanton Park is located near the city centre. While the Clavon is located in a suburban location. Please also see the location of Midwood as it is located near to Hillview MRT Station.
According to the …
Office Spaces Slowed Down as Flexible Working Arrangement Adapted
The global pandemic has affected the working environment of the people. Many people are into flexible working arrangement and this leads to the downswing of the occupied office space. Hence, will the emergence of the vaccines return the normal office working days? Or will flexible working environments become predominant in the new normal?
Mark Lampard, the executive director and head of commercial leasing for Singapore at Cushman & Wakefield (C&W) could answer these questions. He said that this is not a straightforward yes or no. He further said, “What is certain is that occupiers are going for shorter lease terms to factor in a more flexible working environment.” Midwood Condo should be highly sought after due to the recovery of the construction factor for residential properties.
Besides, Ashley Swan, the head of the department of Savills Singapore has noticed that there are many companies nowadays that are surrendering around 20% …
Talks About Possibilities Of New Cooling Measures Rises
Discussions about a possible new round of property cooling system have risen when National Development Minister Desmond Lee and Deputy Prime Minister and Minister of Finance Heng Swee Keat sounded out warnings about the property market last January 18, 2020.
National Development Minister Desmond Lee stated during the Building And Construction Authority-Real Estate Developers’ Association of Singapore (REDAS) Built Environment and Prosperity Seminar 2021, that the government is “very closely” watching the property market after several price increases and robust new condo sales.
He warned the developers stating that they should continue to remain prudent in land bidding and work responsibly with agents, taking into account the needs and affordability on the side of the buyer. Please see Midwood location as it is located near to Downtown Line which is connected to the city.
On the other hand, he also warned the home buyers to be mindful of their ability …
Approval Needed to Install CCTV Outside HDB Flats
An approval from the Housing and Development Board also known as HDB, in short, is needed for the installations of CCTV (closed-circuit television) cameras in the residential premises of HDB flats, is what the law says.
In a recent development, Singaporeans came up with mixed reactions, with a few of them caught mentioning that it is acceptable to them, to the installation of a CCTV camera outside the HDB flat. In Jimmy Lin words, a resident of the HDB flat, “You will never know when you need the footage from your neighbour to help you in case of theft or other matters”, and William Liew says, “It was like having free security surveillance”, flagging green signal to this installation while a few many didn’t look happy with this.
From what is heard of, a question- Could you accept a neighbour monitoring your daily block through the installation of a CCTV …
hillV2 Shopping Mall at Hillview MRT Station
Nowadays, people all over the world like to spend their significant amount of time in shopping complexes. And if you’re a Singaporean and haven’t heard of HillV2 then let me help you know about it in detail. Lying at the heart of Hillview estate, HillV2 is a two-storey 55,000 sq. ft. commercial/residential building designed Hillhaven for diverse functions. Owned and developed by Far East Organization, it is situated in Prime district 23 at 4 Hillview Rise Singapore 667979. Managed by Transurban Properties Private Limited, this state-of-the-art lifestyle precinct comprises 528 residential blocks and retail commercial outlets in total. hillV2 Shopping Mall is located near to Midwood Condo by Hong Leong. Location of Midwood is near to Hillview MRT Station.
Nature parks around the HillV2 are icing on the cake for those who enjoy technology and nature at its best. Filled with lush greenery, HillV2 offers various amenities: residences, gyms, …
The Rail Mall
Unique with its appearance, Rail Mall is considered one of the gems in Singapore. Located in upper Bukit Timah, this single-story building will offer you an unwinding experience of homeliness and peace. You can almost find anything that you need in this place due to the perfect mix of different stores and pubs.
This is a perfect location to bring your family and friends to bond and probably have some refreshments while taking a shot with the instagramable scenery. With different murals and detailed images, this mall also pays respect to the old station that serves as its namesake. Midwood Hillview is a new development at Hillview MRT Station.
Stores
Speaking of essentials, this mall has its supermarket, the Cold Storage. Known as one of the leading supermarket chains in the country, this popular brand has always been tagged as “The Fresh Food People” for its commitment to delivering a …
Transformation Around the Jurong Lake District
Singapore has been known for its secure and safe environment. It is also known as a wealthy city-state in South-east Asia. This is because of the enormous businesses and employment opportunities in it. To give more job opportunities, three new employment areas will rise in the Western region of Singapore. And these are the Jurong Lake District (JLD), Jurong Innovation District (JID), and the Tuas Port. Both the JLD and JID are expected to generate a pleasant working and living environment for everyone. The Jurong Lake District will feature many new amenities near to Midwood Condo which is by Hong Leong Holdings near to Hillview MRT Station. Midwood Hillview is a new development at Hillview MRT Station.
- JURONG LAKE DISTRICT – This mixed-use business will rise on a lot area of 360 hectares. Which is going to make it the largest mixed-use development outside the city centre. The Jurong Lake
Activities at Hillview Community Club
Hillview Community Club, formerly known as Princess Elizabeth Estate Community, is located in the heart of Hillview Rise, Singapore. It was initially opened on the 5th of May, the year 1863 by former Prime Minister Lee Kuan Yew.
This club started its mark and built fame during the 60s where people used to come together and watch the news from black and white television. They have created a big impact in the community by sharing awareness and a strong connection to each resident. Midwood Hillview is a new development at Hillview MRT Station.
Later on, it was relocated to a void deck at Bukit Batok West. Though many years have passed, still the foundation that they’ve built on the residents remains. As a matter of fact, during their comeback to their original site in Hillview, they were applauded by the community thus showing that the spirit of fellowship bonding remains …