Breeze by the East
Location: 316-328 Upper East Coast Road (District 16) Land Size: 96,614sqft Tenure: Freehold Expected Completion: Jul 2011 Total Units: 88 Unit Types: 2/3/3+1/4 and penthouse Nestled within the residential enclave of East Coast that enjoys the serenity and tranquility Close proximity to Changi International Airport , East Coast Park and CBD. Eateries and cafes along … Read more
Developers test waters with condo launches
Sale of Floridian, Quartet on Vanda and Parc Seabreeze have begun DEVELOPERS are gingerly testing the water for residential launches this week. Far East Organization’s listed unit Orchard Parade Holdings and Wing Tai have begun the official launch of their Floridian condo in Bukit Timah, marked by the start of an advertising campaign. Resort living: … Read more
Singapore homes to be wired up with fibre optic link
Both bidders for next-gen broadband network propose this lightning-speed technology BESIDES phone and cable points, Singapore homes will soon get one more jack in the wall – for a thin fibre optic cable to hook up to ultra-fast broadband. The technology, called Fibre To The Home (FTTH), has been proposed by the two consortia … Read more
Ho Bee Q1 net earnings dive 62% to $26.1m
Sharp drop in property development revenue HO BEE Investment yesterday reported a 62 per cent plunge in net earnings for the first quarter ended March 31, 2008, to $26.1 million, from $69.1 million in Q1 2007. Earnings per share were 3.54 cents, down from 9.37 cents the year before. Revenue was $94.2 million, a 62 … Read more
Royal Peacock Hotel in Chinatown could fetch around $38m
THE Royal Peacock Hotel in Chinatown’s Keong Saik Road is likely to be sold soon – with a potential price tag of about $38 million. The owners of the boutique hotel called for expressions of interest, which closed on Wednesday, after attracting at least five bidders. The keen interest underlined rising interest in the hotel … Read more
HPL in tie-up to develop hotels in Libya
SINGAPORE-LISTED Hotel Properties Limited (HPL) has entered into a joint venture with a Libyan state-owned company to develop hotels and tourist resorts in Libya. And the first project of its partnership with the Social Security Fund Investments Company (SSFI) is a US$30 million (S$41 million) project to refurbish a top hotel in the country. The … Read more
HPL in deal to rebuild, refurbish hotels in Libya
Creation of JV with that country’s state pension fund manager is on cards HOTEL Properties Ltd (HPL) has forged an agreement with Libya’s state pension fund manager to rebuild and refurbish hotels in the country, a deal achieved partly thanks to ‘middleman’ Philip Yeo. Stephen Yeo, executive vice-president of HPL, said on Wednesday evening at … Read more
FRHI confirms in-principle sale of Raffles Hotel
RAFFLES Hotel is being sold – as readers of BT were told yesterday. Under an in-principle agreement announced yesterday, Fairmont Raffles Hotels International (FRHI) will sell the iconic hotel to a consortium led by former Credit Suisse investment banker Mark Pawley. ‘Completion is expected to take place at the end of May 2008,’ FRHI added … Read more
Raffles Hotel looks set to be sold at hefty price tag
Consortium led by banker may buy hotel and adjoining arcade for $650m MYSTERY buyers are set to acquire the historic Raffles Hotel for more than treble the $200 million it sold for just three years ago. The 121-year-old hotel and the adjoining shopping arcade are changing hands again after a consortium led by a Singapore-based … Read more
Bank chief was talking about US
I REFER to yesterday’s article, ‘Two more slow quarters for OCBC ahead, says CEO’. Our CEO, Mr David Conner, was responding to a journalist’s request for his views on how long the downturn in the US economy would last. Mr Conner’s reply was that the US had experienced two quarters of fairly low growth and … Read more
