Parkway Life REIT to distribute 1.71 Singapore cents per unit in Q3
Parkway Life Real Estate Investment Trust (PREIT) said it will distribute 1.71 Singapore cents per unit for its third quarter. The total distribution of about S$10.3 million is some 10 per cent higher than forecast. The announcement came as the trust posted strong third quarter results for the year. Its total net property income came … Read more
Cleantech Park to be built in Jalan Bahar by 2010
Singapore is developing a new “Cleantech Park” in Jalan Bahar for clean technology research, prototyping and light manufacturing. It will be sited next to the Nanyang Technological University, in northwest Singapore. Deputy Prime Minister and Co-ordinating Minister for National Security, S Jayakumar, gave these details at the opening of the 2nd Singapore Energy Conference on … Read more
Tuan Sing’s Q3 sinks 94% on exceptional loss
Tuan Sing Group on Tuesday reported that its net profit for the third quarter ended September 30, 2008 sank 94 per cent compared to a year ago to S$814,000. Earnings per share (EPS) was 0.1 cent for 3Q2008 as compared to 1.3 cents for 3Q2007. This was because its results was dragged down by its … Read more
MND’s move to cut land sales will not derail rejuvenation plans
The Singapore government’s move to cut the number of land sites it is putting up for sale will affect plans to redevelop certain parts of the country. But analysts say it will not slow efforts to rejuvenate the overall landscape as there are many other projects underway. In fact, the move was praised as a … Read more
VLFS can help increase storage capacity
WATERFRONT properties are usually popular with homeowners – many are willing to pay a premium just to enjoy the view of the sea, lake or river right from the comfort of their own homes. But waterfront land is also valued by industries, especially those involved in marine and offshore engineering work. This has little to … Read more
Take-up of JTC factory space falls
Leasing of ready-built factories turns negative for first time in 4 years INDUSTRIAL landlord JTC Corp has reported the first slide in four years in the take-up of its ready-built factories by manufacturers and other firms. This was the result of a more cautious business environment. Many companies pulling out of these factories cite operational … Read more
Crunch bites, more quit JTC facilities
Many pull out of factories as they merge operations The economic slowdown is making its mark again, this time in numbers from JTC Corporation’s quarterly facilities report for Q3 2008. More manufacturing and related businesses returned industrial space to JTC as many merged their operations. Termination at ready-built facilities (RBF) in Q3 2008 jumped 25.7 … Read more
Resorts World’s West Zone likely to open later
RESORTS World Sentosa (RWS) is in talks with government agencies including the Singapore Tourism Board, Urban Redevelopment Authority and Ministry of Trade and Industry to start work on the project’s West Zone only when its Central and East Zones are well under way. The West Zone of the $6 billion integrated resort (IR) on Sentosa … Read more
Sentosa IR 60% ready by 2010
Casino, four hotels and many attractions will be up by then; hiring starts next year THE steel frame for the first ride at the Universal Studios theme park in Sentosa, the Revenge of the Mummy, was winched into place last week. It is one of the 21 attractions that will be ready to roll when … Read more
Don’t support name change for MPReit
I REFER to the report, ‘Grabbing opportunities in uncertain times’ (BT, Nov 1). YTL has just bought 26 per cent of MPReit at a hefty 49.5 discount to the NTA from the majority owners. Why did it not give shareholders other than Macquarie the same opportunity to exit at 82 cents when the market price … Read more
