Launches of private homes in Oct drops almost 80% on-month
Only 159 private homes were launched in October this year – the lowest in more than a year. The slide of almost 80 per cent from the 767 units launched in September is due to poor economic conditions, and the technical recession that has hit Singapore. About 194 units launched in August 2008, during the … Read more
S’pore’s October new home sales dive 70% on-month
New home sales in Singapore dived 70 per cent in October compared to September as home buying sentiment continued to sour. According to Urban Redevelopment Authority’s (URA) data, developers sold 112 new and uncompleted private residential homes last month, versus the 380 units sold in September. They launched just 159 units for sale, compared to … Read more
112 pte homes sold in Oct, down 70% from Sept
Developers sold just 112 private homes in the month of October, down from 376 units in September, according to latest official data from Urban Redevelopment Authority. Developers launched 159 private homes in October, a fifth of the 767 units they released in September. The data was obtained through a survey of developers by URA and … Read more
Resorts World confirms IR opening on track
A Singapore integrated resort (IR) developer confirmed on Monday that its project was on track for a phased opening beginning early in 2010. ‘It hasn’t changed,’ a spokesman for Resorts World at Sentosa told AFP. The spokesman, who declined to be named, was commenting after a minister said in parliament that the country’s Genting International … Read more
Strong team spirit helps CCM clinch certification
FOR CapitaLand Commercial Management (CCM), property goes beyond bricks and mortar. ‘We are always driven by our commitment that the properties we manage will be different from the others,’ says Jessie Yong, general manager of CCM, which manages property under CapitaCommercial Trust (CCT). ‘The properties that we manage are not merely physical assets put up … Read more
Joo Chiat hotels: No more hourly rates
FROM Jan 1 next year, all hotels in the Joo Chiat Road area will be banned from offering hourly rates in a bid to crack down on sleaze in the heritage area. The ruling requires hotel operators to let rooms at full-day rates. It will apply to the nine hotels there now and any new … Read more
Credit Suisse’s mega IT hub rises in S’pore
Despite crunch, 40,000 sq ft facility to be operational next May UNDETERRED by the global financial crisis, Credit Suisse is driving ahead with plans to open its biggest Asia Pacific data centre in Singapore next May. The 40,000 square foot Serangoon facility will also rank as one of the company’s largest in the world, and … Read more
