China’s April property prices up 10.1%
China’s urban property prices rose 10.1 per cent in April from a year earlier but eased from 10.7 per cent growth in March, according to official data. Average property prices across 70 large and medium-sized cities rose 0.2 per cent in April from the previous month, the National Development and Reform Commission, the top economic … Read more
4 bungalows sold for $5.5m each
$22 million transaction works out to $1,128 psf of built-up area AMID the current quiet residential market, some deals are still being stitched up. All four strata bungalows in a freehold cluster housing development near Eng Neo Avenue were snapped up at $5.5 million each at a preview on Friday last week by a European … Read more
Live and work under one roof
Multiple-usage buildings bring commercial and retail conveniences closer to their residents and is an approach that urban planners in land-scarce Singapore is encouraging MOST of us relate to the necessary evil that is the early-morning commute through snarling traffic to work and the evening one back home. Now imagine if work was just a ride … Read more
Singapore the second most competitive economy
It is closing the gap on top-ranked US; 2008 may be the year the US falls from its pole position SINGAPORE remains the world’s second most competitive economy but is closing the gap on the top-ranked United States, according to an annual analysis. Now in its 20th year, the World Competitiveness Yearbook (WCY) by Swiss … Read more
Diversified Singapore economy to do well: economist
THE Singapore economy has held up well despite slower exports in the past 18 months, an economist said yesterday. HSBC senior economist Robert Prior-Wandesforde said that tech exports in particular have been contracting, but this has not drastically affected the economy. ‘What we’ve seen over the past 18 months is something unprecedented,’ he said. ‘At … Read more
Metro, FairPrice to anchor mall
METRO and NTUC FairPrice will be anchor tenants at City Square Mall on Kitchener Road, near the popular Mustafa Centre, according to sources. The 700,000 square foot mall opens in the middle of next year. The mall’s developer, City Developments Ltd (CDL), yesterday said in its first quarter results statement that leasing for the property … Read more
DP Architects tapped for Bahrain health island
DP ARCHITECTS will now have its name linked to a unique health island in the Middle East, adding to the number of major projects it already has in its bag. In a statement yesterday, the Singapore architectural firm announced for the first time that it is the master planner for Bahrain’s US$1.6 billion health island … Read more
New trail links Southern Ridges to Keppel Bay
THE Urban Redevelopment Authority (URA) yesterday announced details of its plan for a new 2.2-km ‘linear park’, which will connect the Southern Ridges parks, including Mount Faber Park, Telok Blangah Hill Park, Kent Ridge Park and West Coast Park – with Labrador Park and Keppel Bay further south. The Labrador and Nature Coastal Walk was … Read more
From garden to creek to harbour – all in just 2km
Nature walkway will link Alexandra to Keppel IN THREE years, the last part of the plan to transform Singapore’s rugged southern coast into a nature haven will fall into place. This will take the form of a 2.2km walkway – the Labrador Nature and Coastal Walk – which will take nature lovers from Alexandra Road … Read more
CDL’s gain up 31% in quiet market
Firm notches $165m in profits but sees weaker times ahead DESPITE the subdued residential property market, Singapore developer City Developments (CDL) still notched up a 31 per cent growth in first-quarter net profit to $164.97 million. It has held back launches here given the quiet market. NOT READY: CDL is holding back launches of Shelford … Read more
