Workplace fatalities drop but construction boom may see rise in accidents
The number of deaths at the workplace went down by 22 per cent in 2007, compared to the previous year. This is according to a report released by the Workplace Safety and Health Advisory Committee. Despite the drop, industry players caution that the boom in the construction industry may mean more workplace-related accidents. When the … Read more
Pacific Star forms Munich joint venture for property investments in Asia, Europe
Real estate investment house Pacific Star has formed a joint venture in Munich which will help investors park their funds in prime Asian and European properties. Under the deal, Pacific Star Europe also launched its Asian funds distribution business with targeted assets under management of over US$2 billion. These will focus on real estate in … Read more
GIC Real Estate forms joint venture with Host Hotels & Resorts
GIC Real Estate has formed a joint venture with New York Stock Exchange-listed Host Hotels & Resorts to explore investment opportunities in Asia and Australia. The partners have agreed to invest a maximum of US$600 million of equity in the joint venture. Combined with the anticipated leverage, they will have a potential investment war chest … Read more
Hotel room crunch? Stay in HDB, suggests NUS Biz team
Winning team in the Lee Kuan Yew Biz Plan gets US$20,000 THREE university freshmen believe they have the answer to help relieve the hotel room crunch. The trio, from the National University of Singapore’s Business School, have come up with a plan to have travellers – especially the budget-conscious and those visiting long-term – stay … Read more
Waking up to the value of Stamford Land
SAVVY investors appear to have begun to recognise that mainboard-listed Stamford Land is a very much undervalued stock, as the price of its shares surged 17 per cent yesterday to 52.5 cents apiece. Earlier, they had been traded to a high of 55.5 cents a share. This followed its announcement last Thursday that it had … Read more
Creative selling S’pore building for $250m
It expects $200m gain from sale, but warns of Q3 operating loss CREATIVE Technology could get a bumper cash infusion this June. The company said yesterday it has entered into an agreement with a buyer to sell and lease back its 11-year-old Singapore office building at International Business Park. The sale price for the proposed … Read more
Home, retail, office rental growth to ease
Housing rentals to rise 5-15% year-on-year in 2008: Knight Frank PRIVATE housing rents are expected to grow at a slower pace this year than last year, Knight Frank said in a report yesterday. The property consultancy firm expects a year-on-year rise of 5-15 per cent in 2008 – after a massive 40 per cent year-on-year … Read more
Don’t know what to do during the current property lull?’
PROPERTY EXPERTS GIVE SOME TIPS # Seven tips for buying a second home Did you know, for example, that an HDB flat near an MRT station will give you a higher rental yield than most private properties? # The importance of being earnest when going en bloc A major en bloc sales agent discusses the … Read more
En-bloc sales: Be sensitive to each other
I REFER to Mr Lau Chee Kian’s letter on Thursday, ‘Sense of kampong in condos overstated’. It is indeed true that the ‘true kampong spirit’ exists only among a very insignificant percentage of our population. The Government has in fact tried to keep this friendliness alive, and we see some results. I have personally been … Read more
Singapore’s inflation hits 6.5% in Feb
The Consumer price index (CPI) rose 6.5 per cent in February from a year earlier – just shy of the 25-year high of 6.6 per cent reported in January – as the cost of housing, food, transport and communication increased, data released yesterday by the Department of Statistics (DOS) shows. This prompted the Ministry of … Read more
