Yongnam secures S$84m contracts for Marina Bay Sands IR projects
Infrastructure firm Yongnam Holdings has won two more subcontracts worth a combined S$84 million for construction works at Marina Bay Sands Integrated Resort. The two contracts will see Yongnam build the structural steelworks for the resort’s iconic lotus-shaped ArtScience Museum, casino and theatre podium. The latest deals come on the back of earlier contracts worth … Read more
130-room Raffles Moscow set to open in 2011
Raffles Hotels & Resorts is set to open in Moscow in 2011. The 130-room Raffles Moscow will be managed by Raffles under a long-term contract that may last more than 20 years. An agreement was sealed with its partner ALT Corporation, witnessed by Senior Minister Goh Chok Tong who is currently on a visit to … Read more
The only way is up?
Some economists say short-term rate has bottomed out, but they expect increases to be tiny THE period of rock-bottom interest rates may be over, with some experts tipping that levels in Singapore are set to head north – but at a gentle pace. The three-month Singapore Interbank Offered Rate (Sibor) – the level at which … Read more
Life in a self-contained township
one-north aims to be a place where residents can work, live, learn and play seamlessly. CLARISSA TAN reports IT’S Friday morning. Your alarm rings. You decide to swim a few laps, so you head for the rooftop pool. Then you stroll to work, which takes only a few minutes. Throughout the day, you rub shoulders … Read more
Little choice but to offer less choice sites
Developers fear oversupply; the govt must offer some sites but may not waste prime sites THE six-monthly Government Land Sales (GLS) programme announcement is just around the corner, and property industry players are once again voicing the familiar calls for the government to reduce its quantum of land sales, and to halt sales through the … Read more
Interest in Nusajaya industrial park warms
Initial response may have been cool, but companies in Singapore are showing more interest in Nusajaya’s Southern Industrial and Logistics Clusters (SiLC), where land prices are on a climb. And according to a diplomat, Malaysia’s political developments should not cloud prospects for the Iskandar Malaysia economic zone. Nusajaya’s master developer UEM Land said yesterday that … Read more
Capturing vitality and chaos to make a great city
FOR the past 40 years, Mr Ng Mun Chee has wrapped his mind and fingers around almost every single building in Singapore. Trained in technical drawing at Queenstown Secondary Technical School, the 58-year-old is one of four core members in the Urban Redevelopment Authority’s (URA) model-making team. He started out building models of HDB flats. … Read more
Time-wasters steer clear of BTO projects
HDB’s two new projects still oversubscribed but at half the level seen before change of rules IT LOOKS like the time-wasters have got the message after the Housing Board tightened rules for flat applications. The launch of 1,485 premium flats in Punggol and Sengkang closed on Wednesday with 4,050 applications – still oversubscribed but at … Read more
Fickle flat buyers diverting HDB’s time, resources
WE WOULD like to thank Ms Tan Ai Li, Mr Adrian Bek, Mr Chua Chern Pin and Mr Adry Zamani for their comments and feedback on HDB’s new application process (May 24 and 28). In recent sales exercises, HDB had seen significant over-subscription for new flats. However, some of the applicants did not book a … Read more
Indiabulls investment trust extends IPO closing date
Indiabulls Properties Investment Trust has extended the closing date for its initial public offering to June 6. Analysts are reading the extension as a sign of a subdued market for IPOs. Indiabulls had offered 262 million units at a range of S$1.00 to S$1.10 each. If the units are priced at the top end of … Read more
