Singapore kept its top ranking for the third year in a row as the easiest place in the world to do business, the World Bank said in a report Wednesday. The Asian city-state edged out New Zealand and the United States in the "Doing Business 2009" ranking by the World Bank. Filling out the list of the 10 easiest business environments was Hong Kong, Denmark, Britain, Ireland, Canada, Australia and...
September 2008
JTC Corporation has announced the ten winning entries, selected from close to 1,600 submissions, for the contest to name the buildings at Fusionpolis. The online contest was held between November 2007 and January this year, and the winners – consisting of students, executives and a homemaker – will each bag a S$1,000 cash prize. Fusionopolis is styled as a hub for cutting-edge research in infocomm,...
The idea of a township for foreign workers had taken off in places like the Middle East, where dormitories for foreign workers, which are sustainable and self-contained, are said to house more than 100,000 people. In Singapore, dormitory operators said this idea could take off given the acute shortage of foreign workers' housing. There are 756,000 foreign workers in Singapore in 2006, with a higher...
Location: 23 Shelford Road Development Type: 2 blocks of 5-storey with attic, facilities & basement carpark Tenure: Freehold Year of Completion: 2012 Land Size: 25,736sqft Total Units: 33 Unit Types: 2 bedroom ~ 829 - 969 sqft 2+1 ~ 1012 - 1,216 sqft 3 bedroom ~ 1,173 - 1,421 sqft 3+1 ~ 1,313 sqft Penthouse ~ 1,528 - 1,950 sqft Facilities: Swimming, Wading, Recreational...
The 88 serviced apartments at the Concourse will be redeveloped into a 360-unit residential property. Developer Hong Fok Corporation said the 99-year leasehold units will be "priced to sell" in today's softer property market. Ninety units of Concourse Skyline will be launched over the next few days in Singapore and Hong Kong. They will be sold at a price of between S$1,580 and S$1,800 psf – about S$1.3...
The URA has closed the tender on a residential site along New Upper Changi Road, with the highest bid coming in at S$84 million from TID. This translates to S$282 per square foot (psf) per plot ratio, said CB Richard Ellis. The 9,875.5 square metre site attracted seven bidders. CB Richard Ellis said the high number of bidders showed that developers still have an appetite for favourable sites even in the...
Singapore's Meetings, Incentives, Conventions & Exhibitions (MICE) industry has remained resilient in the face of the current global downturn. Companies have seen as much as 60 per cent growth in sales in the past six months, driven by growing demand in Asia. And the local MICE sector is set to receive a further boost when the convention space at the integrated resorts comes on line. The industry...
Singapore will have an edge over Macau when the first of its integrated resorts is completed in 2009. This is because the Republic is already an established tourist destination, said gaming experts at the Asian Casinos Executive Summit on Tuesday. Integrated resorts with casinos are not just about gambling. They now include family-friendly attractions, business-focused trade shows, restaurants and...
Silversea, the luxurious development located in the East Coast area, has 383 apartments and the living spaces of most large units are designed with sweeping pool or breathtaking sea views. Penthouses are crafted with different designs, offering exclusive living atop every tower to enjoy the most spectacular views. In line with its positioning, Silversea’s façade reflects the image of a metaphorical...
OLLOWING asset sales in China and Malaysia, CapitaLand yesterday said it has sold the Somerset Orchard serviced residence to OG Pte Ltd for $100 million in cash. The real estate group expects to book a gross gain of $43 million from the sale of the 88-unit block, which has acarrying value of $57 million. The property was owned by CapitaLand's serviced apartment subsidiary, the Ascott Group, which will...