Spring Mansion and Spring Court which were sold under an en bloc sale April 2011 last year will be soon be transformed into a 29 storey mixed development called One Dusun Residences.
The two properties have a combined land area of 32,593 sq ft plot and were sold to a consortium comprising 2E Capital, Nobel Design Holdings and Lian Huat Group.
Under Master Plan 2008 these 2 freehold properties have different zonings, Spring Mansion is zoned for both commercial and residential use while Spring Court residential only.
The upcoming new development will be therefore become a mixed development with retail shops and residential units. News is going around that the developer for One Dusun Residences is gearing up for launch this month.
Wednesday, August 1, 2012
Monday, February 6, 2012
WORK BEGINS ON CAPITAGREEN
The ground-breaking ceremony for CapitaGreen, the new Grade A office tower slated for the former Market Street Car Park, took place yesterday and the project is on track to be completed by the fourth quarter of 2014, its joint developers said.
CapitaLand, CapitaCommercial Trust (CCT) and Mitsubishi Estate Asia said the building at 138 Market Street will have a net lettable area of about 700,000 sq ft and the floor plate will range from 20,000 sq ft to 25,000 sq ft.
The 40-storey office building is expected to cost about S$1.4 billion to develop.
The developers aim to achieve the Green Mark Platinum award for the environmentally friendly building when it is completed.
Takenaka Corp has bagged the design-and-build contract for the project, which the developers hope will be completed in 32 months, instead of the usual 39 to 40 months.
The demolition of the car park was completed in December last year.
Rents at CapitaGreen are likely to range between S$12 and S$14 per sq ft, said Ms Lynette Leong, CEO of CapitaCommercial Trust Management.
Source: Today - 7 February 2012
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