PM upbeat about Singapore economy
He is confident Singapore will be able to weather uncertain global outlook SINGAPORE is sailing into choppier waters amid uncertainty in the global economy, but Prime Minister Lee Hsien Loong is confident of Singapore’s economic prospects. In his annual May Day message, Mr Lee sketched out the uncertain outlook due to the financial crisis in … Read more
Prepare for external turbulence
LAST year was a good year for Singapore and its workers. The economy grew robustly, many jobs were created and workers enjoyed good wage settlements. In unionised companies, bonuses were the highest since 1990. The mood was upbeat. This year will be much more challenging. Our economy is still doing well, but dark storm clouds … Read more
Not feasible to raise en bloc consent level to 99%
I REFER to the letter ‘Raise en bloc consent level to 99%’ by Ms Susan Prior (April 19) . Her letter seems to me to be a way of asking the relevant government authorities to revert to the 100 per cent consent ratio for collective sales. How so? For apartment buildings and condominiums with 50 … Read more
CapitaLand 1st-quarter profit falls 59%
SINGAPORE’S softening property market has started to show up in company balance sheets. Property giant CapitaLand reported yesterday a 59 per cent year-on-year drop in its net profit to $247.5 million in the three months ended March 31. This was due to slower home sales and a one-off valuation gain from last year. CapitaLand booked … Read more
Dunsfold 18 @ Dunsfold Drive
An exquisite development located in the Exclusive and tranquil setting of the Braddell Height Estate. Total Units : 18 individual strata titled Bungalows (of which seven are unsold)with its own individual private pool, lush landscaping, numerous water features, coupled with an efficient layout and modern fixtures and fittings-offers a luxurious lifestyle for a selective few … Read more
Transitional office site gets top bid of $226 psf ppr
Offer is 7% below last week’s top bid for nearby plot THE Urban Redevelopment Authority (URA) has closed the tender for a transitional office site at Scotts Road/ Anthony Road – receiving a top bid of $32.99 million. This works out to be $226 per square foot per plot ratio (psf ppr) for the 97,284.1 … Read more
Developers vie for top ‘green’ honours
Keppel Land wins its first platinum for Ocean Financial Centre, slated for completion in 2011 THE battle for the Green Mark platinum award is heating up. Last year, City Developments fired the first salvo, claiming two of the seven platinums, the highest rating given out by the Building and Construction Authority for environmental friendliness. First … Read more
Growth in China property prices more sustainable
Measures to cool the market are working, says CBRE FOLLOWING a slew of measures to cool the property market in China, property prices are now more sustainable. Saying that the measures – which include capital gains tax – have ‘generally worked well’, CB Richard Ellis (CBRE) president and CEO (Greater China) Chris Brooke added: ‘There … Read more
Swiss hotelier to open 50 properties in S-E Asia
International hotelier Golden Tulip Hospitality Group has chosen Thailand as the centre of its one billion euro (S$2.11 billion) South-east Asian expansion plan under which it will open up to 50 properties over four years. The Swiss-based company, which now operates 324 hotels in 54 countries including China and India, opened its Golden Tulip South-east … Read more
JTC offers 1.9ha one-north site for sale
A COMMERCIAL site slated for mostly office use near the existing Buona Vista MRT Station has been made available for application under the reserve list. The 1.9-hectare site can yield close to 1.3 million square feet of gross floor area, of which 21,528 sq ft are for ground-floor retail use. The 99-year site is in … Read more
