Speculators holding out for higher prices
Subsale activity slows but transacted prices remain resilient Property prices have been bolstered by speculators in the last year. But now that speculation is on the decline, could prices follow suit? An analysis by Savills Singapore of properties subsold last year after being bought from developers in the same year has revealed that while subsale … Read more
$40m Orchard Road facelift put off till next month
Talks between malls, tourism board drag on over impact of works on businesses THE great $40 million Orchard Road makeover has stalled because some mall owners are objecting to some aspects of the works. The revamp of Singapore’s premier shopping street was supposed to have begun in the middle of last month, after Chinese New … Read more
More landed-home owners installing lifts
Many do so to help elderly family members with mobility problems get around the house. OFFICES, shopping malls and high-rise apartments are not the only places with lifts zipping people up and down the different levels. More Singaporeans in landed properties are coming round to the idea of installing them in their homes as well. … Read more
Poh Lian wins S$202m building contract from UOL Development
Poh Lian Construction, a unit of United Fiber System, has won the building contract to redevelop a site formerly known as Green Meadows condominium along Upper Thomas Road. The contract, awarded by UOL Development, is worth about S$202 million. The award of the project has boosted Poh Lian’s order book to a new record of … Read more
Sub-prime: six lessons, and counting
The more things change, the more they stay the same – the US fiasco has thrown up mostly old lessons to be re-learned. EVERY financial crisis has its lessons. Most of them are old lessons which need to be relearned. Here are six (and still counting) from the United States sub-prime crisis: 1. Financial innovation … Read more
UOL unit unveils luxury serviced suites in Somerset
IT HAS been 28 years since Singapore’s listed UOL Group launched its last serviced apartment property, the Parkroyal Residences at Beach Road. EXTRA PERKS: The Pan Pacific Serviced Suites will come with additional luxury perks, like round-the-clock personal assistants. — PHOTO: PAN PACIFIC Now, it is entering the luxury extended-stay business with the launch of … Read more
Swiss bank Julius Baer expanding in Singapore
SWISS bank Julius Baer, named the fastest-growing financial institution in Singapore last year, is not letting up on its growth momentum here despite the global slowdown. The bank, which uses the Republic as its hub for regional operations, has just signed a lease for 25,000 sq ft of office space on the fourth floor of … Read more
