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The building was designed by Gan Eng Oon, William Lim and Tay Kheng Soon of the Singapore architect firm Design Partnership, now known as DP Architects. [ 4 ] Sited on 1.3 hectares and built to a height of 89 metres, [ 13 ] the Golden Mile Complex is an exemplary type of " megastructure " described by architectural historian, Reyner Banham .
Singapore Real Estate Exchange (SRX) is a consortium of leading real estate agencies administered by StreetSine Technology Group in Singapore. [1] The Exchange provides the prices of recently sold properties to participating real estate agents more rapidly than conventional, official channels run by the Urban Redevelopment Authority and Housing Development Board.
The building was again put up for en block sale in October with a reserve price of $538 million instead. It was sold to Shenton 101 Pte Ltd. [17] [18] The complex has been placed on Docomomo Singapore's "Modernist 100" list of "significant modernist buildings in Singapore." [4]
Since 1 January 2011, all property agencies and agents must hold a valid licence or registration respectively, if they wish to conduct any work relating to the sale and leasing of residential, commercial and industrial properties in Singapore.
Build to order (BTO) is a real estate development scheme enacted by the Housing and Development Board (HDB), a statutory board responsible for Singapore's public housing. First introduced in 2001, it was a flat allocation system that offered flexibility in timing and location for owners buying new public housing in the country.
The Singapore Land Authority took over the property from LHN in 2016 and released a tender in 2018 to lease out the property for the next decade. The mansion was eventually awarded to Jardin Enchante Pte Ltd (operating under the name of 1-Group which owns various other concepts like Monti, Botanico, 1-Altitude, Bee's Knees, Stellar etc.) In 2019.
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Most public housing in Singapore is lessee-occupied. Under Singapore's housing leasehold ownership programme, housing units are sold on a 99-year leasehold to applicants who meet certain income, citizenship and property leasehold ownership requirements. The estate's land and common areas continue to be owned by the government. [79]