Vandals keen on en-bloc sale damage cars
HUNGER for en-bloc dollars looks to have turned vicious at a quiet private estate in East Coast. On Tuesday night, two residents of the 530-unit Laguna Park estate discovered that their cars had been doused with a corrosive liquid, possibly paint thinner. They were among the residents who had not yet agreed to put the … Read more
Two Singapore office blocks sold for $40m
Both buildings with 999-year leasehold transacted around $1,300 psf of NLA Amid the quiet investment sales market, two small office blocks have been sold – in High Street and Middle Road – for a total of about $40 million or $1,300-plus per sq ft of existing net lettable area (NLA). Both buildings have 999-year leaseshold … Read more
En bloc site relaunched with 40% lower price tag
Elsewhere, Straits Trading asking $162m for Gallop Gables apartments A DISTRICT 10 collective sale site at Robin Drive, off Bukit Timah Road, has been relaunched for sale – with a new asking price as much as 40 per cent lower in view of the current market sentiment. Gallop Gables: Straits Trading owns two blocks consisting … Read more
CCT open to sale of Market Street Car Park
Reit reports 23% rise in Q2 distributable income to $36m CAPITACOMMERCIAL Trust (CCT) says it is ‘open to all options’ when it comes to plans for Market Street Car Park (MSCP), and these include selling the site. The update was given at CCT’s results briefing yesterday. Supported by strong rental reversions, the trust reported distributable … Read more
S’pore getting more expensive for expats: Mercer survey
It moves up a spot in two categories – to No. 5 in Asia and No. 13 in the world SINGAPORE is now the fifth most expensive Asian city for expatriates, up a notch from an earlier survey, human resources consultancy Mercer said yesterday. The annual cost-of-living survey did not spring too many surprises, with … Read more
Singapore is 13th most expensive city
It is also the 5th costliest in Asia for expats: Mercer survey SINGAPORE is the world’s 13th most expensive city for expatriates, and the fifth most expensive in Asia. According to Mercer’s Worldwide Cost of Living Survey 2008, Singapore ranks above Sydney (15th), New York (22nd) and Shanghai (24th). Mercer’s survey, which covers 143 cities … Read more
Asking price for collective sale site slashed by 40%
THE owners of a site off Bukit Timah Road are trying again for a collective sale – but after slashing the original price by nearly 40 per cent because of the grim market. They want $58 million to $60 million for Robin Court, a walk-up block of 15 flats, and No. 1 Robin Drive, a … Read more
Local retailers go big in Ion
Plus: Over 45% of Orchard Turn malI’s retail space taken up by new-to-market concepts LOCAL retailers are so sold on the new Ion Orchard they have snapped up big chunks of space for flagship stores and lined up new fashion brands to entice shoppers. The firms have already signed deals for at least 40,000 sq … Read more
Economy, rent hikes boost CCT’s results
THE robust economy – and the rent increases it delivered – allowed CapitaCommercial Trust (CCT) to deliver a bumper result yesterday and bask in a rising share price. Distributable income for the June quarter shot up 23.2 per cent from a year ago to $36.1 million. Investors will benefit from a 22.6 per cent rise … Read more
Relief finally in sight?
Prices holding steady but don’t pop the bubbly yet: Economists ECONOMISTS rubbed their eyes in disbelief yesterday as official data showed that for the third month in a row, inflation held firmly at 7.5 per cent last month instead of climbing. Does this spell a plateau in consumer prices, which are currently at a 26-year … Read more
