Transforming Singapore
Regardless of the market sentiment, the three “L’s” – Location, Location, Location – will always remain fundamental to the property sector. As such, it pays to know where the best real estate locations are likely to be. And with the Draft Master Plan 2008 having outlined new key growth areas, hot spots and hubs, there … Read more
Investors flee emerging property markets: survey
Cash-thirsty investors are being forced to abandon plans for investment in emerging property sectors because of persistent problems in global money markets, the Royal Institution of Chartered Surveyors said on Thursday. In its quarterly Global Commercial Property Survey, RICS said investor appetite for risk had plunged since the onset of the credit crunch, squeezing transaction … Read more
Pacific Star increases stake in Prime REIT to 50%
Singapore-based real estate investment house Pacific Star Group has agreed to buy the 25 percent stake held by MEAG Munich Ergo Asset Management in Prime REIT Management Holdings. Prime REIT owns 100 percent of listed Macquarie Pacific Star Prime REIT Management. It is also the sole owner of Macquarie Pacific Star Property Management, which is … Read more
One Raffles Quay wins prestigious FIABCI award
The International Real Estate Federation (FIABCI) has today named Singapore’s One Raffles Quay (ORQ) as the winner in the Office category at its 17th annual Prix d’Excellence Awards ceremony held in Amsterdam, The Netherlands. Widely regarded as the real-estate industry’s equivalent of the ‘Oscars’, the award recognises One Raffles Quay for embodying excellence in all … Read more
Stamford Land FY08 net profit up 28.7%
Stamford Land Corporation on Thursday unveiled a 28.7 per cent rise in its net profit for the year ended March 31, 2008. Revenue, however, fell 7.3 per cent to $276.11 million (US$202.52 million) as it has a low inventory of completed residential properties for sale compared with last year. The hotel segment saw higher revenue … Read more
Singapore Master Plan: New vision for Kallang Riverside
The area is set to evolve into the next prime area at the edge of the city, say NICHOLAS MAK and TEO JUNRONG THE Kallang planning area, positioned along the picturesque Kallang River and within close proximity to the Central Business District (CBD), has enormous development potential. Made up of nine sub-zones, it covers a … Read more
Singapore Master Plan: Creating more buzz in the Central Area
OF ALL the changes made in the recent announcement of the new draft Master Plan 2008, those being effected within the Central Region in general and within the Central Area in particular would have the most telling impact on commercial land use in Singapore. Marina Bay Financial Centre: About 44 per cent of the supply … Read more
Singapore Master Plan: Paya Lebar Master Plan is long overdue
We owe it to ourselves to give this culturally rich area our best shot – and preserve part of our heritage, says COLIN TAN NOT many Singaporeans, especially younger ones, would know that Paya Lebar Central – the Master Plan area unveiled last week – was once a booming commercial hub. Those of us who … Read more
Singapore Master Plan: Plans to improve urban spaces
CHUA YANG LIANG gives an overview of the proposals in the Draft Master Plan 2008 and presents a wish list to planners BESIDES the three strategic commercial hubs of Jurong Lake District, Kallang Riverside and Paya Lebar Central, which will strengthen the CBD alongside with development plans for Tanjong Pajar and the Beach Road/Ophir-Rochor corridor, … Read more
Singapore Master Plan: Achievements of the past 10 years
THE Master Plan 2008 exhibition, launched at the URA Centre on May 23, is an important event for all here in the Urban Redevelopment Authority (URA). Not only is it the fruit of many months of brainstorming, discussions with various stakeholders and plain hard work, it also gives us an opportunity to share our excitement … Read more
