CapitaLand, Rock To Build $660m Integrated Hub

Source : The Business Times, September 10, 2007

Hub at one-north to boast civic, cultural, retail and entertainment facilities

(SINGAPORE) CapitaLand and Rock Productions will spend a whopping $660 million to develop an integrated civic, cultural, retail and entertainment hub at Vista Xchange, one-north, which is expected to be completed by 2011.

The hub will comprise two zones - a Civic and Cultural Zone measuring over 30,000 square metres in gross floor area, and a Retail and Entertainment Zone spanning 24,000 square metres in GFA.

JTC Corp awarded the tender to build, lease and operate the entire hub to Rock on Friday, on a 60-year lease term at a land bid price of nearly $189 million.

Upon award of the tender to Rock, CapitaLand, through an indirect wholly-owned subsidiary, One Trustee, acquired the Retail and Entertainment Zone from Rock.

Rock will develop the Civic and Cultural Zone at a cost of about $280 million, while CapitaLand will invest another $380 million into developing the Retail and Entertainment Zone.

Designed by Andrew Bromberg of the commercial architecture firm Aedas Hong Kong, the hub will have eight levels of the former zone type and four levels of the latter.

The Civic and Cultural Zone is 'envisaged to become the new dynamic art, cultural, meeting, convention and exhibition centre in Singapore', a release said. It will contain a proposed 5,000-seat, state-of- the-art theatre for touring concerts, family entertainment, and other large-scale conferences or events.

It will also contain secondary performance and event spaces, like multi-purpose function rooms and outdoor amphitheatres. IMG Artists has been appointed to consult on and develop the strategies for the marketing and programming efforts.

The Retail and Entertainment Zone will comprise two levels above ground and two below. It will have an 'open-concept with a spiral design', allowing visitors to stroll casually along a gently sloping spiral walkway to visit the various floors. These will contain restaurants, cafes, supermarkets, fashion and other stores. The zone is envisaged to 'replicate the atmosphere at Clarke Quay, the premier riverfront F&B, lifestyle and entertainment precinct in Singapore', the release said.

Director of Rock Productions, Matthew Kang, said his firm's 'extensive research indicates an overwhelming need for a sizeable performance venue, away from the city' but 'well-equipped with state- of-the-art facilities'.

Pua Seck Guan, CEO of CapitaLand Retail, said the hub represents a chance for CapitaLand to extend its presence to the Buona Vista area in Singapore.

It is expected to 'benefit from the natural visitor catchments from the one-north communities, surrounding housing estates, as well as tertiary institutions close by'.

The hub will be directly linked to the Buona Vista MRT and also be served by a Circle Line MRT station currently under construction.

Vista Xchange is the first of three 'centres of excellence' under JTC's one-north masterplan. Besides the hub, it will house offices, a business hotel and residential buildings over 17 hectares.

One-North To Have S$660m Shopping, Entertainment Mall By 2011

Source : Channel NewsAsia, 09 September 2007

SINGAPORE: Buona Vista is set to have a S$660 million shopping and entertainment mall by 2011.

The project does not have a name yet, but it will be built next to the Buona Vista MRT station.

The 50,000 square metre building will have a 5,000-seat theatre for concerts and conferences, as well as 1,000 parking lots.

It will also have four levels of retail and entertainment avenues such as boutiques, restaurants, wine bars and clubs.

It is also home to a large rooftop garden overlooking a pool.

The integrated hub is jointly developed by Rock Productions and CapitaLand, and is part of JTC Corporation's grand masterplan for One-North.- CNA/so

Dunsfold 18 @ Dunsfold Drive

An exquisite development located in the Exclusive and tranquil setting of the Braddell Height Estate.

Total Units : 18 individual strata titled Bungalows (of which seven are unsold)with its own individual private pool, lush landscaping, numerous water features, coupled with an efficient layout and modern fixtures and fittings-offers a luxurious lifestyle for a selective few only.

Location :
With the two main expressways ( PIE and CTE ) only minutes away, not to mention the future MRT station ( Lorong Chuan Station – Circle Line ), there is also a number of renown educational institutions eg. The Australian International School, St.Gabriel’s Primary School, Kuo Chuan Presbyterian Pri/Sec Schools etc, just to mention a few, as well as the Bishan Junction 8 Shopping Centre- make Dunsfold 18 an ideal dream home that should not be missed!

Address : 43-43H & 45-45H, Dunsfold Drive






















Map Source : http://www.streetdirectory.com

Tenure : Freehold
Estimated TOP : 1 st July 2011
Site Area : 3,503.8 sqm / 37,715 sqft
Size : Range from 4,015 sqft to 4,618 sqft

Floor Finishes :
Living/Dining Room – Imported Marble tiles with marble skirting
Bedrooms – Timber strip Flooring
Bathrooms – Marble tiles

Price : $780 psf of built-up area, or $3 million onwards.

Features : Each bungalow is two storeys high and comes with five bedrooms, an attic, a basement, two basement carpark lots and a private pool.

Developer : Fortune Land Pte Ltd
















Facilities :
-Individual Private Pool
-Children’s Playground
-Basement Car Park

Westmont @ West Coast Road

Total Units : 11 exclusive units (Nine terrace houses and two semi-detached houses )with contemporary interiors that bring style and ambience to modern day living.

Tenure : Freehold.

Size: The terraces range in size from 2,820 sq ft to 3,498 sq ft, while the semi-detached houses range from 2,949 sq ft to 3,079 sq ft.

Developer: Macly

Estimated Price : +/1 $700/psf (Open for Sale on 11 Sept 2007)

District : 05

Location : Junction of West Coast Road, Clementi Road & Pasir Panjang Road




















Facilities : include a pool, private jacuzzi and barbecue areas. The units are three storeys high and come with four bedrooms, an attic and a basement.

How Can I Reduce Payments To Ex-Wife?

Source : The Sunday Times, September 9, 2007

Q. I SETTLED my divorce this year. In the papers, we agreed on my monthly maintenance payments to my former wife and two children, totalling about $2,200. This is about 30 per cent of my monthly salary.

On top of this, I am also paying for expenses such as insurance, school fees and other miscellaneous items for my children.

After taking into account my car loan, expenses for my parents, daily expenditure and so on, I am left financially tight every month.

I would like to buy a new home and start a family and have children with my girlfriend. We also have plans to invest in properties other than our home. I would like to seek your professional advice on the following:

If I were to re-marry and start a new family, based on the above information, would I be able to reduce the monthly maintenance?

What will the judgment be based on? Will my personal income or my household income - that is, including my new wife’s income - be taken into consideration?

What are the procedures I have to take? Will my investments in more than one property affect the reduction of the maintenance?

My former wife requested an amount to be paid to her monthly out of the $2,200 and I understand that I will have to pay this until she remarries.

However, if she never remarries, is there any way I can stop paying her since she is working and earns a fairly good income?

A. IF YOU are thinking of reducing the monthly maintenance for your children and former wife, you will have to apply to the court to vary the existing maintenance order. This is usually done with the help of lawyers.

The court will look at the circumstances of the case to decide if there has been a material change since the making of the existing maintenance order to warrant a review of the monthly maintenance amount.

The court applies different considerations in the variation of the monthly maintenance for the children as compared to the monthly maintenance for your former wife.

Where the monthly maintenance for the children is concerned, the interest and welfare of the children are paramount. The court is loath to reduce the monthly maintenance for the children unless the material change in circumstances involves a reduction of earnings, such as losing one’s job.

If you are remarrying and starting a new family (a material change), the court is more likely to reduce the maintenance amount payable to your former wife. This is especially the case where she is working and earning a fairly good income.

If your wife never remarries and she is working, the court may consider reducing the maintenance amount payable to her to a nominal sum.

Ang Kim Lan Director Goodwins Law Corporation

Advice provided in this column is not meant as a substitute for comprehensive professional advice.