Ministry seeks residents’ understanding on workers’ dorm
The National Development Ministry has said the location of temporary dormitories is limited by the available choices of vacant state buildings. It tries to avoid housing foreign workers in residential areas and seeks residents’ understanding and support if some dormitories are located near their homes. The ministry said this in response to Channel NewsAsia’s query … Read more
George Yeo to pass residents’ feedback on workers’ dorm to authorities
Foreign Minister George Yeo said the temporary dormitory proposal at Burghley Drive, where Serangoon Garden Technical School used to be located, is at a preliminary stage. Mr Yeo, who is also an Aljunied GRC MP, was speaking to Serangoon Garden residents at a dialogue on Wednesday. He said the residents’ concerns are legitimate and he … Read more
Aristo – Unique Rare Seaview Development in the East
Where the present exudes a seamless flow of indomitable class, its sense of legend to its past is a continuum of prestige. While the transformation breathes new life and style, the Butterfly House still retains its most endearing expressions. This unique historical and architectural interest, designed by Regent Alfred John Bidwell with a “butterfly” style … Read more
Singapore ranked top global city for meetings
But MICE industry faces short-term challenges: Iswaran FOR the very first time, Singapore was ranked the world’s top international meeting city – in 2007 by the Union of International Associations (UIA). Singapore climbed from third spot previously in the 2006 rankings to pip favourites such as Paris and Vienna, Senior Minister of State for Trade … Read more
CityDev falls on Lehman downgrade
Shares of City Developments fell as much as 3.8 per cent on Wednesday after Lehman Brothers downgraded the firm to ‘equalweight’ from ‘overweight’ and cut the target price to $9.30 (US$6.51) from $16.30. At 0611, the Singapore-based property developer and hotelier was trading at $10.04 with 1.3 million shares changing hands. Lehman said CityDev’s hotel … Read more
CapitaLand down after Lehman price cut
Shares of CapitaLand slumped by as much as 4.1 per cent on Wednesday after Lehman Brothers cut its price target, citing concerns over Singapore’s weakening property sector and over lack of potential growth in its listed property trusts. Lehman cut its 12-month price target to $5.30 ($3.71) from $7.0. At 0141, the firm was trading … Read more
CapitaLand sees $163m gain after Capital Tower Beijing sale
CapitaLand on Wednesday said it has entered into a share purchase deed for the sale of its indirect wholly-owned subsidiary Hua Lei Holdings Pte Ltd which indirectly owns all of the office property Capital Tower Beijing for US$352 million. Capital Tower Beijing, located in the central business district of Beijing, comprises two 35-storey office towers. … Read more
CapitaLand sells Capital Tower Beijing for US$352m
Property developer CapitaLand is selling its Capital Tower Beijing office tower for US$352 million. It declined to name the buyer, except to say it is a Fortune 500 company, which is looking to set up a corporate headquarters in Beijing. CapitaLand intends to use the funds to reinvest in other opportunities in China. It will … Read more
Property buyers defy Hungry Ghost taboo at auction market
August sales of $22.75m beat June’s $11.35m, the next highest this year Typically a taboo time for property purchases, this year’s Hungry Ghost Festival bucked the trend and worked up an appetite among buyers in the auction market. The festival fell in August, which registered the highest sale value for auctions so far this year. … Read more
Asians want to bet more on property
Barclays Wealth survey says more individuals in Asian and emerging markets would like to up property allocation, reports GENEVIEVE CUA Mass affluent and high net worth individuals in Singapore would like to invest more into property, a survey by Barclays Wealth has found. But those surveyed also indicate that in a time of increased economic … Read more
