Leisure Plan drawn up to enhance recreational options in Singapore
In the near future, one will be able to stroll, jog or cycle around the whole of Singapore just by following an extensive route. The Urban Redevelopment Authority (URA) is developing a 150-kilometre round-island path as part of its Leisure Plan. Overview of Gardens by the Bay site National Development Minister Mah Bow Tan revealed … Read more
No bids received for Race Course Rd/ Bukit Timah Rd hotel site
The Urban Redevelopment Authority (URA) has said it did not receive any bids for the hotel site at Race Course Road/Bukit Timah Road when the tender closed at noon on Wednesday. URA added that it will announce its plans for the site after a decision has been made. URA launched the hotel site for sale … Read more
Government to spend S$30m on Punggol Waterfront Town
The government will spend about S$30 million to develop key features of the new Punggol Waterfront Town. Most of that amount – S$25 million – will go towards the man-made Punggol Waterway, which will be constructed next year. The waterway will be the focal point of activities, according to plans by the Housing and Development … Read more
New foreign brands to set up shop at 313@Somerset in 2009
Some popular international brands will come to Singapore by the end of 2009 when 313@Somerset opens its doors to shoppers for the first time. The new mall opposite Centrepoint is being developed by Australia’s Lend Lease, which had put in a record bid for the site. Now, six months into its leasing campaign, Lend Lease … Read more
Genting says Singapore IR costs under control
Malaysian casino operator Genting does not expect further cost over-runs for the integrated resort (IR) it is building on Singapore’s resort island of Sentosa, the company’s chief executive said on Wednesday. Resorts World at Sentosa, a wholly owned unit of the Singapore-listed arm, Genting International, is building the IR at a cost of up to … Read more
Banyan Tree signs contract for Angsana Resort & Spa in the Carribean
Mainboard-listed Banyan Tree Holdings has signed a management contract for an Angsana Resort & Spa in the island of Saint Lucia in the Caribbean. Banyan Tree said the Angsana Resort & Spa Saint Lucia is the group’s fourth foray into the Caribbean. Angsana Saint Lucia is an integrated resort project that will comprise a full … Read more
US Q1 commercial real estate activity fall
US commercial real estate activity fell during the first three months of this year and will likely continue on this track, a real estate trade group said on Wednesday. The National Association of Realtors’ leading commercial real estate index fell 0.7 per cent, the third straight quarterly decline. ‘The moderate erosion in the index suggests … Read more
DP Architects wins Viet design contest
DP Architects has beaten nine Vietnamese and international architectural firms to win a design competition for the Sabeco World Trade Centre in Ho Chi Minh City. This follows its winning design for the Bank for Investment and Development of Vietnam last year. The WTC design complies with current Singapore standards, regulations and codes of practice … Read more
Honoured for high standards of excellence
THE recipients of last year’s inaugural Singapore Business Events Awards were already winners in their own fields. That they were eventually chosen pointed to the high standards of excellence attached to the awards and the benchmarks set by industry players. Ringing endorsement: The awards have enhanced the credibility of Suntec Singapore (left) and placed Novotel … Read more
Loopholes that hold back India’s real estate growth
PROPERTY developers in India, analysts agree, need to raise large sums of money to ease the shortage of everything from office towers, warehouses and shopping malls to apartments, multiplex cinemas and hotel rooms. The financing itself shouldn’t prove very difficult. At US$400 billion a year, domestic savings in India now represent a significant source of … Read more
