Minister Mentor Lee Kuan Yew believed Asia will not go into recession, citing not only strong growth in China and India, but also the strength of commodity prices boosting growth in Malaysia, Brunei and Indonesia. Speaking to some 1,200 people at the Tanjong Pagar Lunar New Year dinner on Monday night, Mr Lee said Singapore is at the centre of the world's highest growth region, and is in a period of...
February 2008
Resorts World at Sentosa has secured S$4 billion in credit facilities for its integrated resort development. The credit facilities would fund two-thirds of the company's projected cost of S$6 billion. The rest of the funds will come through a rights issue by Genting International, the parent of Resorts World. DBS and OCBC are among five local and international banks which will underwrite, bookrun and...
With global interest rates trending downwards, some Singapore homeowners are hoping to see a similar move in mortgage rates. This is especially after the Singapore Interbank Offered Rate (SIBOR) hit its lowest level in almost four years in late December - at 1.5 percent. However, some analysts have said that the banks may not be willing to lower rates, in light of the current volatility in global...
Singapore is an increasingly popular choice for Korean students. It's not just the local education system that's attracting them here. There has been a small but growing number of students who are coming to Singapore, specifically to enroll in international schools. Students at the Singapore Korean School Weekend classes at the Singapore Korean School have become the only time where many of the...
A former primary school building has been revamped into a hotel. The 12-storey building at Pearl’s Hill used to be the tallest school in Singapore. The school closed in 2001 and the Urban Redevelopment Authority called for tenders to lease it out. Vita Holdings won the bid and spent S$13 million to transform the school into a hotel with 140 rooms. The initial budget was S$6 million but Vita Holdings...
Welcome to Sixth Avenue Residences, your exclusive sanctuary in the heart of district 10. Even as you unwind away in your private haven, the bright lights of the CBD and Orchard Road are not too far away. With a wide selection of shops, restaurants, supremarkets and Holland Village nearby. The Sixth Avenue Residences is also close to some of Singapore’s finest schools, including Henry Park, Raffles...
Architectural Gems on Emerald Hill Hidden among the glitter and dazzle of the huge, modern shopping malls so commonplace in Singapore today, Emerald Hill is populated by a large number of beautiful and vintage shophouses that boasts of many different architectural styles, showcasing many examples of early Singaporean architecture. The small street is tucked away off the main Orchard thoroughfare,...
Sui Generis is a Latin expression, literally meaning of its own kind/genus or unique in its characteristics. Offering only 40 exclusive units cloistered in the quiet enclave of Balmoral Crescent, Sui Generis is designed for the few who wish to seek less attention, take a backseat from the limelight and enjoy the finer things in life, in absolute privacy. Every detail has been scrupulously taken care of....
Prime Minister Lee Hsien Loong has urged Singaporeans to brace themselves for further uncertainties. In his Lunar New Year message, Mr Lee said the "Year of the Rat" begins under challenging circumstances. But he added that there's reason to remain confident because Singapore is in a strong position to weather any storm. Turbulence in the financial markets worldwide has shaken consumer and investor...
GIC Real Estate has teamed up with ING Real Estate to acquire the new Roma Est Shopping Centre in Italy. The partners will pay Italian food-retailing leader Gruppo 400 million euros (S$832 million) for the deal. ING Real Estate and GIC Real Estate will have equal stakes in the property. Roma Est Shopping Centre comprises about 93,000 square metres of gross lettable area. It is made up of a mall of 208...