MP REIT secures nearly 20% rent rise for 226,000sf of Ngee Ann City space
Macquarie Prime Real Estate Investment Trust (MP REIT) has secured 19.75 percent higher rent from its tenant Toshin Development. But when contacted, MP REIT declined to reveal details of the rent, saying it is confidential. Toshin is the master lessee for about 226,000 square feet of retail space in Ngee Ann City. The new rent … Read more
Here today, dust and rubble tomorrow?
Don’t just conserve, educate the public too BUILDINGS are not just bricks and clay; They tell stories. But only the few which hold significant tales of our cultural identity are conserved. These are chosen for different reasons. Whether it’s the AIA Insurance Building, the first high-rise office building in Singapore, or shophouses in Chinatown, all … Read more
Greenspan says credit crisis easing
UNITED States financial markets, roiled by the collapse of the sub-prime mortgage market, have shown a ‘pronounced turnaround’ since March, says Mr Alan Greenspan, the former US Federal Reserve chairman. The worst of the credit crisis is over, or will be soon, and there is now a ‘reduced possibility’ of a deep recession, he said … Read more
US downturn may stretch: Paulson
Soaring oil prices could prolong a US economic downturn triggered by a housing market slump and credit crisis, Treasury Secretary Henry Paulson warned on Saturday. Speaking after a meeting of Group of Eight (G-8) finance ministers, Mr Paulson repeated that he backed a strong dollar and dismissed any suggestion that the dollar’s depreciation was helping … Read more
Singapore continues to do well in global rankings
These high grades help boost investor confidence and draw foreign investment HARDLY a week goes by without a global survey ranking nations on one economic feature or another and Singapore certainly seems to come out well in most. At least three reports this year have given the country top marks in many areas of economic … Read more
It’s musical chairs for international schools
WHEN the Canadian International School announced that it had secured a site in Jurong to house students from three of its campuses, a silent cheer went up from some other international schools. They immediately began strategising expansion plans, including the possibility of taking over those campuses at Toh Tuck, Bukit Tinggi Road and Kampong Bahru. … Read more
A more ‘balanced’ market
New rules for BTO applications have helped genuine public housing buyers: Mah THE private market may have quietened, but the housing board resale market remains “quite active”, said Minister for National Development Mah Bow Tan. :”Transactions are still strong – not as strong as six months ago, but still relatively strong,” Mr Mah said, on … Read more
