Top condo units vie for F1 pie
EXPENSIVE rates and full bookings at Singapore’s more popular five-star hotels are driving Formula One tourists to look elsewhere. Premium rooms are available at cheaper rates – not across the Causeway or in neighbouring Bintan island – but right in the heart of town. The Hotel Alternatives (THA) claims it is the first known company … Read more
Lehman weighs real estate spinoff: report
Lehman Brothers Holdings is considering a plan to put some $32 billion of its commercial real estate and mortgage assets in a new company and spin it off, Bloomberg reported on its website on Thursday. Under the plan, similar to a good-bank-bad-bank model, Lehman will put in about US$8 billion of equity in the new … Read more
Silchester ups stake in UOL to 8.05%
UOL Group Limited said on Friday that major shareholder, Silchester International Investors Limited, has raised its stake in the property group to 8.052 per cent, from 7.001 per cent. The change in stake follows a series of open market purchases. Source : Business Times – 5 Sep 2008
Zaha Hadid
Building an Icon British-based Iraqi architect Zaha Hadid is a force to reckon with. From the DNA-inspired sci-fi futurism of Singapore’s Biopolis to the deconstructionism of Cincinnati’s Contemporary Arts Centre, Hadid has created sculptures out of buildings. So when CapitaLand announced in July 2008 that the renowned architect will be designing its seven 36-storey apartment … Read more
Backyard walls collapse in mudslide
Walls, fences of two homes off Jalan Kayu affected in midnight incident after heavy rain RESIDENTS in a private housing estate off Jalan Kayu scrambled for help after a mudslide brought the walls and fences at the back of their homes down late on Wednesday night. While residents believe that construction work behind their homes … Read more
Protesters want KL hillside bungalow project halted
Residents in suburb hand over papers to anti-graft agency alleging corruption RESIDENT activism in a middle class suburb of Kuala Lumpur could force a RM400 million (S$167 million) development of 21 bungalows on a nearby hillside to come to a grinding halt, illustrating a rare combativeness among Malaysians in the wake of the March 8 … Read more
Serangoon Gardens: Lush mall to replace iconic complex
IT MAY not be as iconic as the Capitol Theatre building, but to those who grew up in the north-east, a 50-year-old complex in Serangoon Gardens may hold just as many memories. But come next February, the old Paramount Theatre complex – now known as Serangoon Gardens Village – will be torn down. In its … Read more
Orchard Central duplexes split up
Level 1 duplexes turned into single-storey units due to slow economy and lack of demand GLOOMIER times appear to have taken a toll on the upcoming Orchard Central mall near Somerset MRT Station. The mall will no longer house two-storey shops, or duplexes, on its ground floor as had previously been announced, the project’s developer … Read more
Three MI-Reit properties gain $1.3m in revaluation
Revaluations raise carrying amount for portfolio to $554.1m from $553.6m THREE properties under MacarthurCook Industrial Reit (MI-Reit) have gained $1.3 million in value from a year ago in the latest revaluation exercise. MI-Reit’s manager, MacarthurCook Investment Managers (Asia) Ltd, yesterday released new independent valuations for seven industrial properties as at Sept 1. The value of … Read more
CCT signs up leases for 77,900 sq ft in 2 office towers
CAPITACOMMERCIAL Trust (CCT) says 77,900 sq ft of office space at Capital Tower and One George Street has been renewed or newly committed for between two and three years. Three companies account for the leases – JPMorgan Chase & Co, BHP Billiton and Shinhan Bank. CCT did not reveal the rents. ‘Given the Grade A … Read more
