PM Lee says University Town launch is key development for NUS
Prime Minister Lee Hsien Loong Thursday launched the University Town project at the National University of Singapore (NUS), which will also be the site of the Youth Olympic Village if the country wins the bid to host the Games. The government has confirmed that the project has been given top priority and will be completed … Read more
Ang Mo Kio site may fetch over $500 psf
A PLUM 99-year leasehold condo site opposite Ang Mo Kio MRT Station could fetch bids of over $500 per square foot (psf) of potential gross floor area, say market watchers. This is at least 65 per cent higher than the minimum offer price of $302 psf of potential gross floor area received by Housing & … Read more
Property players hold back
Companies wary of acquisitions amid market uncertainty EVEN as property prices come off their peaks, sector participants are keeping cautious, with Macquarie MEAG Prime Reit’s manager becoming the latest to say it will hold off making acquisitions for now. The uncertain mood brought on by turbulence and volatility in financial markets is curbing enthusiasm for … Read more
Tough figuring out what STC is worth
LESS than a month ago, hardly anyone paid attention to The Straits Trading Company (STC), a stock traded so thinly that despite being a billion-dollar company involved in the hot mining sector, no analysts covered it. Now that blood is in the water, so to speak, the sharks are circling. Speculation or otherwise has driven … Read more
Corrupt land sale: Recovered $1.1m back with Taoist group
Money placed in the care of Taoist Federation as a charity fund. A 15-YEAR-OLD saga of a corrupt land sale that sent three Taoist devotees to prison and bankrupted one family has come to a close. Yesterday, in a room above the watchful gods of the San Qing Gong temple in Bedok, members of the … Read more
State properties for office use see healthy take-up
SLA to release more sites this quarter to further ease office space crunch. Offices in state-owned properties seem to be catching on. After a quick turnaround time of about six months and about $2 million spent, Phillip Securities has opened its new Phillip Investor Hub at the former Moulmein Community Centre this week. And following … Read more
Door shuts on flat applicant of ‘Other’ race
Author: John Mc, Henderson Lackey Bangalore, India I FORMALLY made Singapore my adopted home and took up citizenship in 2006. I believe that my family and I will make many contributions. We are currently posted overseas and look forward to returning home in March. Like all Singaporeans, we spent a considerable amount of time and … Read more
Singapore companies can benefit from real estate boom in Qatar
DOHA, Qatar : It has been dubbed the “Venice of Qatar”; a project called “The Pearl-Qatar” is an upscale Riviera-style development, and when completed in 2011, the project will be home to some 40,000 residents. Investors from 45 countries have flocked to the project to snap up properties there, but real estate is not the … Read more
Govt to spend S$14b to improve Singapore’s road infrastructure
The government will spend S$14 billion to improve Singapore’s road infrastructure over the coming years. The money will go towards building the new North-South Expressway, the earlier announced Marina Coastal Expressway, widening the Central and Tampines Expressways, and improving various interchanges. The Transport Ministry is optimistic the changes will soften the traffic gridlock. The go-ahead … Read more
Singapore only nation with high growth, job creation
Lim Swee Say cites Economist report; NTUC to help 8,000 unemployed workers get jobs SINGAPORE was the only country in the world to post high economic growth and low unemployment in 2007. The labour movement here wants Singapore to at least keep up with this achievement in 2008, as it unveiled its work plan yesterday … Read more
