Shui On Land, a Hong Kong-listed property company, has announced a joint venture with state-owned enterprise Shanghai Pucheng to carry out a redevelopment project at Pujiang Town, in the Minhang district of Shanghai, China. The project will focus on the redevelopment of Zhaojia Lou Ancient Town, a popular, AAAA-rated tourist attraction. This area is bordered by the Shanghai Shenjiahu Expressway, the Shanghai North-South Elevated Road and two subway lines.

The joint venture between Shui-On Land and Shanghai Pucheng will redevelop land parcels bordered by Jiageng Road to the east, Yaojia Bang to the south, Huichi Road to the west and Xiaoyan Lake to the north. The new development will include residential, commercial and ancillary facilities and will attempt to preserve the unique history and culture of Pujiang Town.

Jessica Wang, CEO of Shui On Land and the Shui On Group, expresses confidence in the success of the redevelopment project. “Over …

Parc Stevens in District 10 was the site of the most profitable condo resale transaction recorded during the week of April 4 to 11 according to caveats lodged. On April 10 a first-floor unit spanning 3,466 sq ft with five bedrooms sold for the impressive sum of $7.86 million, a significant increase from the price of $5.2 million it had been purchased for in April 2007. This resulted in a massive profit of $2.65 million or 51% after a 16 year holding period.

This sets the highest psf-price ever seen at Parc Stevens, composed of three lowrise blocks spanning four storeys each, and marks the first unit sold at the development this year as well as the second most profitable transaction ever recorded. Last May, a 3,305 sq ft unit on the fourth floor changed hands at an astounding $1,885 psf or a gain of $2.73 million.

The second most …

, and the Greater Southern Waterfront

Since its sales gallery opened on April 14, Blossoms By The Park has seen an impressive 4,000 visitors in the past three days, mostly locals according to Lim Yew Soon, managing director of EL Development. The 275-unit private condo stands tall at Slim Barracks Rise in One-North and is set to launch on April 29. The property features a mix of 1 to 4 bedroom premium units appealing to potential investors.

Prices begin at $1.291 million ($2,352 psf) for a 1 bedroom plus study and move up to $1.499 million ($2,211 psf) for a two bedroom. Additionally, two bedroom plus study units start from $1.585 million ($2,198 psf), while 3 bedroom dual-key units begin at $2.082 million ($2,276 psf). Three bedroom units are priced from $2.279 million ($2,183 psf), 4 bedroom units start at $2.921 million ($2,243 psf), and 4 bedroom premium units start …