The Singapore government is currently in talks with Marina Bay Sands over the integrated resort's announced delay. Another issue is a possible staff shortage as observers note Singaporeans tend to shy away from the gaming industry. The Marina Bay Sands integrated resort's opening has been pushed back to early next year. But with contractual obligations and Singapore's tourism sector at stake, the...
2009
313@Somerset will be the last of the three new malls to open along Orchard Road this year. But it's promising a shopping experience that will keep customers coming back. The shops may be mid-range but 313@Somerset said the customer service will be top-notch. By November, the eight-storey mall, will have shops offering food, fashion and lifestyle treats. And it will be the newest kid on the block, hot on...
The Urban Redevelopment Authority (URA) has launched a hotel site at New Bridge Road for sale. Last month, the urban planners received an application from a developer to put the plot on sale. URA says the developer has committed to bid at least S$43,888,888 for the 99-year lease hold site located in Chinatown, near the Outram Park MRT station. The 0.45 hectare site can yield a maximum permissible gross...
IT'S launches galore in the property market, as developers take advantage of improved sentiment to release their residential projects. Yesterday alone, three developers announced plans for the sale of two residential and one serviced apartment developments. Silversea, a 383-unit condominium in the East Coast area, will be launched this weekend by Far East Organization, with prices starting from $1,300...
SPURRED by the success of recent property launches at the upper end of the middle-class market, GuocoLand Ltd, the Singapore-listed arm of Malaysian tycoon Quek Leng Chan, will soon start marketing its Sophia Residence project on - where else? - Sophia Road. Sophia Residence The 272-unit project comprises several blocks of between eight and 14 storeys nestled in landscaped surroundings on a 166,000 sq ft...
More than 70 per cent of the 182 apartments released for sale at Vista Residences have been sold within a week of its launch. The 280-unit development in Balestier offers one-bedroom units and penthouses ranging from 617 square feet to 2,575 square feet. Prices started at S$960 per square foot and the average selling price was S$1,070 per square foot. The 130 apartments taken up were mostly bought by...
Property consultants Credo Real Estate has just released a unique cluster of 18 shophouses in the Joo Chiat area for sale by tender. The properties are owned by a family trust, who is seeking offers in the region of S$25 to S$30 million. The cluster consists of two back-to-back rows of nine units of freehold three-storey shophouses which are part of the gazetted Joo Chiat Conservation area. One row faces...
National Development Minister Mah Bow Tan said the HDB resale market is stable despite prices rising 1.2 per cent between April and June. Market watchers had expected HDB prices to continue to slide with recessionary pressures. Although HDB resale prices have risen in the last quarter, Mr Mah said there is no real cause for concern for now as long as there are no wild fluctuations in price movements and...
The opening of Singapore's first casino has been put back several months due to shortages of labour and materials, the chairman of developer Las Vegas Sands said Wednesday. Sheldon Adelson said Marina Bay Sands will open early next year for its initial phase, after being originally slotted to welcome its first visitors by the end of this year. "The opening date we seriously anticipate will be in January...
Singapore and Hong Kong are the two most trade-conducive economies, the World Economic Forum said on Tuesday in a study that placed the United States in 16th place, its performance affected by fears of crime and terrorism. The WEF said in its Global Enabling Trade Report that Singapore and Hong Kong, in addition to offering a trade-friendly business environment, "are endowed with well-developed transport...