S’pore govt will not implement measures to stimulate property sector
The Singapore government will not introduce measures to stimulate demand or prop up prices artificially in the property sector. Speaking at an industry event on Wednesday, National Development Minister Mah Bow Tan said such efforts are not sustainable. However, the government will study suggestions by market players on how to help the property sector. Developers … Read more
Gov’t has important role in property market: Mah
The Government has an important role in ensuring the long-term stability and smooth functioning of the property market, said Minister for National Development Mah Bow Tan at the Real Estate Developers’ Association of Singapore’s (Redas) anniversary dinner tonight. ‘Let me first highlight why the real estate sector is important to us,’ Mr Mah said. Mr … Read more
Gov’t could restart S$4.7b worth of public sector projects: Mah
The Government will not hesitate to reactivate some of S$4.7 billion worth of deferred public sector projects, at an appropriate time, if necessary to boost the industry, Minister for National Development Mah Bow Tan said on Wednesday. Mr Mah was speaking at the Real Estate Developers’ Association of Singapore’s (Redas) anniversary dinner. The Government had … Read more
Moody’s cuts MI-Reit’s ratings; review for possible downgrade
Moody’s Investors Service has on Wednesday downgraded Macarthurcook Industrial REIT’s (‘MI-REIT’) corporate family rating (‘CFR’) to Ba2. The rating remains on review for possible downgrade. ‘The downgrade reflects Moody’s views that MI-REIT is not likely to meet the scale and diversity targets that were built into its original rating when it was first assigned ‘, … Read more
Serangoon Central to get mega shopping mall
$1.3b centre, about twice the size of suburban malls here, is expected to be completed by 2010 IT IS full steam ahead for a $1.3 billion mega shopping mall being built at Serangoon Central – in defiance of the current gloomy times Designed as an eco-friendly mall, the yet-to-be-named mall will be set amidst lush … Read more
Low Keng Huat wins $295m mall contract
Mall aims to fully let out space up to 9 months ahead of completion in 2010 ENTITIES linked to Prudential Financial Inc of the US yesterday broke ground for their $1.3 billion mall at Serangoon Central. Low Keng Huat has clinched the $295 million main construction contract, which works out to almost $320 per sq … Read more
LTA awards S$634.8 million deal on Marina Coastal Expressway to Samsung C&T
Land Transport Authority (LTA) on Wednesday awarded a S$634.8 million contract to Samsung C&T Corporation for the construction of the Marina East section of the Marina Coastal Expressway (MCE). This is the fifth contract awarded out of six major civil contracts called for the construction of the MCE. The latest contract entails the design, construction … Read more
