Saturday, September 30, 2006
[RealEdge] BT : Buy a flat and earn from its car park
| Published September 30, 2006  | |
| Buy a flat and earn from its car park
By KALPANA RASHIWALA
GUTHRIE GTS and Lee Kim Tah Holdings are pitching their 99-year leasehold Centris apartments not only for their location next to Boon Lay MRT Station and Jurong Point mall, but for a unique opportunity to earn some extra income from car park fees collected from shoppers at Jurong Point. The apartments are priced on average at $497 per square foot, after discounts for early birds. A total of 100 apartments were released at a preview yesterday. The Centris comprises 610 apartments housed in 12 blocks (each 12-storey high) sitting above a retail podium (which will be an extension to the existing Jurong Point next door) and a basement carpark. There will also be an air-conditioned bus interchange at street level. A unique point about this project is that The Centris residents who surrender their car park lots will enjoy a rebate of $3.50 a day from their monthly maintenance contributions. In addition, they stand a chance of receiving an annual dividend - which could amount to $1,500 to $2,000 - if the management committee achieves a surplus on revenue from carparking fees collected from shoppers at Jurong Point. The new retail and residential development will have in total about 1,000 carpark lots. This will be in addition to the 500 or so car park lots in the existing Jurong Point, although some of these may go, in order to facilitate works to improve linkage between the existing Jurong Point and the new extension. |
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
__,_._,___
