Business as usual when $40m Orchard makeover begins end April
FINALLY, the long anticipated $40 million works that will give Singapore’s top shopping street the shine will begin on April 28. The facelift is expected to be completed by next February. Street Montage- Orchard (Forest) Zone. From February next year, works will commence to transform Orchard Road?s pedestrian mall into a feast for the senses: … Read more
Orchard Road’s 10-month facelift to start on 28 April
Orchard Road is set to undergo a facelift on 28 April. The revamp is expected to be completed next February. The S$40 million makeover will include state-of-the-art lighting to highlight Orchard Road’s tree-lined boulevard, new creative spaces for events and a new pedestrian mall. Key events such as the annual Great Singapore Sale and Christmas … Read more
Government announces plans for Jurong Lake District
Jurong is set to be home to the largest commercial hub outside the city centre. The Jurong Lake District – made up of two precincts, Jurong Gateway and Lakeside – will offer a potential development area of 360 hectares or about the size of Marina Bay. National Development Minister Mah Bow Tan announced this when … Read more
IMF chief sees ‘major’ slowdown in global economy
INTERNATIONAL Monetary Fund managing director Dominique Strauss-Kahn said on Thursday he sees a ‘major’ slowdown in the global economy this year amid a credit market crisis. ‘What is certain is that the situation is very serious and that the slowdown in the United States, and subsequently in the rest of the world, is a slowdown … Read more
Inflation threat dwarfs risk of global slowdown: ADB
ASIA faces an ‘inflation spiral’ brought on by multiple upward pressures on prices compounded by supply constraints, the Asian Development Bank (ADB) warned yesterday. And the social and economic implications of the inflation threat overshadow even the dangers of a global slowdown sparked by the sub-prime crisis, ADB suggests in a new report. ‘For a … Read more
Parc Centennial
Heralding the dawn of a new era of sheer sophistication is Parc Centennial, a freehold development location at prestigious District 9. Mere minutes from Newton and Novena MRT Station, every urban convenience possibly desired by working professionals and the family-oriented alike, are accessibly located at your doorstep. Whether it is close proximity to prestigious institutions … Read more
It’s wait-and-see for Pender Court, Tulip Garden home owners
Several have bought new homes and await sealing of deals as sales are delayed THEIR collective sale deals may be in doubt – and the huge cheques due to come their way – but some owners at Pender Court and Tulip Garden are taking a wait-and-see attitude for now. Several told The Straits Times that … Read more
Occupancy at business parks hits five-year high
Office space crunch also lifts high-tech space occupancy to 94.1% at end of Q1 The average occupancy rate for business parks has hit a five-year high, crossing the 90 per cent mark. According to a report by CB Richard Ellis (CBRE), the occupancy rate grew from 89.4 per cent at end-2007 to an estimated 90.2 … Read more
Japan Land unveils new focus
It says its new IDC here will be ‘very meaningful’ to its shareholders JAPAN Land yesterday unveiled its new business focus at an extraordinary general meeting (EGM) and shed light on the new Internet Data Centre (IDC) to be built in Singapore with its joint-venture partner CS Technology. The whole project, slated to be one … Read more
Subsidised HDB rental flats in greater demand now
30% jump in applicants in past few months; HDB says not all are needy The number of people applying for heavily subsidised HDB rental flats has shot up by at least 30 per cent in the past few months – to about 4,000 eligible applicants on the waiting list now. As a result, the wait … Read more
