Kallang, Paya Lebar to be developed as new commercial hubs
Kallang and Paya Lebar will be developed into new commercial hubs, just like the Jurong Lake District. This is part of the government’s Draft Master Plan, which charts land use over the next 10 to 15 years. Marina Bay and the city centre will continue to be the key commercial node in Singapore. New growth … Read more
Industry players upbeat about plans for 2 new commercial hubs
Industry players are upbeat about the plans for two new commercial hubs, noting that both Kallang and Paya Lebar have great potential for growth, given their close proximity to the city. However, they said the timing of the various projects will have to be calibrated carefully, so as not to place additional strain on the … Read more
Nassim Park Residences
Nestled in the heart of Singapore’s most desirable neighbourhood, comes Singapore’s most coveted address – Nassim Park Residences. The development is an unique collaboration between three internationally acclaimed creative minds: Singapore-based architect Chan Soo Khian, Japanese landscape architect Shunmyo Masuno, and French interior designer Christian Liaigre. The result in nothing less than extraordinary – the … Read more
Draft Master Plan 2008
Draft Master Plan 2008: Main Website: http://www.ura.gov.sg/DMP2008/home.htm Growth Areas: Jurong Lake District: http://www.ura.gov.sg/DMP2008/jurong_lake_district.htm City Centre: http://www.ura.gov.sg/DMP2008/city_centre.htm Kallang Riverside: http://www.ura.gov.sg/DMP2008/kallang_riverside.htm Paya Lebar Central: http://www.ura.gov.sg/DMP2008/paya_lebar.htm Regional Highlights: Central Region: http://www.ura.gov.sg/DMP2008/central.htm Central Area: http://www.ura.gov.sg/DMP2008/central_area.htm West Region: http://www.ura.gov.sg/DMP2008/west.htm North Region: http://www.ura.gov.sg/DMP2008/north.htm North-East Region: http://www.ura.gov.sg/DMP2008/northeast.htm East Region: http://www.ura.gov.sg/DMP2008/east.htm Playground For All: http://www.ura.gov.sg/DMP2008/playground.htm
Singapore property prices have peaked: MTI
Singapore’s booming property market has peaked and will continue to moderate over the next two years, the country’s trade ministry said on Friday. Singapore’s central bank said that while the financial services industry could face some slowdown there was no evidence of a large job cuts. ‘There could be some slowdown, but not major slowdown. … Read more
Singapore’s Q1 GDP grows at annualized 14.6%
Singapore’s economy expanded at a slower-than-expected annualised rate of 14.6 per cent in the first quarter from the fourth in a seasonally adjusted and annualised basis. In a statement, the Ministry of Trade and Industry (MTI) said that GDP grew by 6.7 per cent year-on-year in the first quarter of 2008, up from the 5.4 … Read more
Moody’s sees cloudy skies ahead for Singapore Reits
They are given a negative outlook because of debt servicing concerns MORE gloomy news has come in for the property sector, this time for Singapore-listed real estate investment trusts (S-Reits). They have been stamped with a negative outlook by credit ratings agency Moody’s Investors Service. While the trusts’ fundamentals remain solid, with their properties enjoying … Read more
Singapore Reits face credit ratings pressure: Moody’s
They are affected by tighter conditions for borrowing SINGAPORE’S real estate investment trusts’ (Reits) credit ratings will face pressure in the next 12 to 18 months because of their rising difficulty in raising funds from debt and equity markets, according to Moody’s Investors Service. Moody’s has cut or put on review for possible downgrade the … Read more
Singapore inflation rate hits new 26-year high of 7.5% in April
Singapore’s annual inflation rate rose to a new 26-year high of 7.5 percent in April as food, housing and transportation costs soared and is now a risk to the economy, the government said on Friday. Food prices alone rose 8.5 percent, transportation and communication were 7.0 percent higher and housing costs became 11.8 percent more … Read more
S’pore Q1 GDP fastest since ’05
Singapore’s economy grew in the first quarter at its fastest pace since 2005, but slightly below market expectations, and the government raised its 2008 inflation forecast and warned of increased US recessionary risks. Singapore’s trade-dependent economy expanded at an annualised rate of 14.6 per cent in the first quarter after seasonal adjustments, as a recovery … Read more
