ECONOMY | Staff Reporter, Singapore

Daily Briefing: Five upcoming condominiums with waterfronts under $1m; Couple redefines Singapore Skyline

And KrisEnergy enters a deal to develop a Cambodian oil field.

From AFP via Yahoo!:

Cambodia on Wednesday signed a deal with a Singaporean energy company to develop its first-ever oilfield, the latest move in the impoverished country's much-delayed plan to become an oil-producing nation.

KrisEnergy signed the agreement with the government in the capital Phnom Penh to develop an offshore field in the Gulf of Thailand which they hope will produce 8,000 barrels a day by 2020.

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From PropertyGuru via Yahoo!:

Though Khoo and Huang have since helmed a vast panoply of initiatives both in Singapore and overseas, one of their first blueprints remains ARC’s most famous.

In 2002, as relative upstarts, he and Huang took the Duxton Plain Public Housing Design Competition by storm with a monumentally ambitious entry that redefined the potential of public residential projects.

Their proposal, the groundbreaking The Pinnacle@Duxton, was selected over 201 worldwide entries.

Both the city’s first 50-storey residential development and the world’s tallest public-housing building, it also features the world’s longest sky gardens. A landmark by any yardstick, it still dominates Chinatown’s skyline eight years after completion.

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From The Edge Property via Yahoo!:

Located at Alexandra View in District 3, Alex Residences is a 99-year leasehold development slated for completion in 2018.

The 40-storey condominium tower, designed by P&T Architects & Engineers, offers panoramic views and comprises 429 units.

The property features a host of modern amenities such as Singapore’s highest residential rooftop pool, gym, BBQ pavilion, play park, reading patio, zen, hammock and chess gardens, and putting green, as well as many other areas for rest and relaxation.

The nearest MRT station from the development is Redhill, located about two minutes’ walk away.Crescent Girls' School, Gan Eng Seng Primary School and Queenstown Secondary School are within 1km.

A 474 sq ft one-bedroom unit with a sea view at this condo was recently listed for $905,000 ($1,909 psf).

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