Ascott to manage Citadines residences in Jakarta
CapitaLand’s wholly-owned serviced residence arm The Ascott Group (Ascott) has clinched a contract to manage its first Citadines-branded serviced residence in Indonesia. Jakarta is the 14th city in Asia Pacific to have a Citadines property as part of Ascott’s plans to continue to expand its Citadines brand in the region. The 120-unit Citadines Jakarta is … Read more
Ascott expands its Citadines brand to Jakarta
Serviced apartment operator Ascott Group, a wholly owned subsidiary of CapitaLand, has secured a contract to manage its first Citadines serviced residences in Jakarta. Citadines Jakarta, located in the central business district of Menteng, will have 120 residence units and is scheduled to open in the second half of 2010. The group said there are … Read more
Builders must be licensed to carry out building works by June 2009
All builders in Singapore must apply for builder’s licence by June 16 next year to carry out building works here. This requirement under the Building Control Act came into effect on December 16. The Building and Construction Authority (BCA) is giving builders a grace period of six months to submit their requests to facilitate the … Read more
S’pore builders must be licensed to work by June ’09
All builders in Singapore carrying out building works under the Building Control Act will have to apply for their builder’s licence latest by June 16 next year. This requirement first came into effect on Dec 16 2008. Builders are given a grace period of six months (till June 16 2009) to apply for a licence … Read more
Firms shelve supply of 1,000 new apartments
Project development deferred; en bloc properties return to rental market At least 1,000 projected new apartment units can be expected to be withdrawn from immediate supply in Singapore’s property market, as properties that were sold en bloc in recent years are put back on the market for rental. The latest of these is Lucky Tower … Read more
Int’l schools’ student numbers holding up
But they expect fewer students next year as expats lose jobs, return home IF expatriates are leaving Singapore, they appear to be leaving their kids behind – at least, for now. While expats are losing their jobs and being sent home amid leaner economic times – quite a few, at least, have been fired in … Read more
Credit screening is done
Loan givers have checks done on buyer’s profile In “Risk profiling for homebuyers?”(Dec 17), Mr Ee Teck Siew suggested that the Government and industry associations consider implementing a “fact finding process” to ensure that potential home buyers buy properties they can afford, based on their abilities to service mortgage loans. Most homebuyers would need to … Read more
S’pore investors in UK land buying scheme may LOSE ALL
Housewife with cancer and brain tumour wants her money back after firm shuts down SHE said she was promised returns of more than 500 per cent if she invested $31,000 in a plot of land in the UK. Thinking she had a chance to make some money, the Singapore woman put down a deposit and … Read more
US housing bubble stoked by ’97 tax cut
Ryan Wampler had never made much money selling his own homes. Starting in 1999, however, he began to do very well. Three times in eight years, Mr Wampler – himself a home builder and developer – sold his home in the Phoenix area, always for a nice profit. With prices in Phoenix soaring, he made … Read more
