General

Sui Generis @ Balmoral

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....

PM Lee calls on S’poreans to brace themselves for further uncertainties

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, ING Real Estate to acquire shopping centre in Italy

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...

SLA offers 6 state homes for rent through open bid

The Singapore Land Authority (SLA) is offering another six residential state properties for rent. They comprise four bungalows and two semi-detached properties in Seletar, Sembawang and Lornie Road. They are being offered through an open bidding system from 16 February. The system is more transparent than the previous first-come-first-served procedure under the waiting list or balloting system. Bidders...

Local SMEs cautiously positive about economic outlook

Small and medium enterprises (SMEs) remain positive about Singapore's economic outlook this year. But sentiment has turned somewhat cautious, according to the latest survey by banking giant HSBC on Small Business Confidence in Asia Pacific. Compared to 2007, SMEs will be taking on a more conservative approach this year as the economy is expected to moderate amid a likely slowdown in the US. HSBC is...

Roads leading to Sentosa and Harbourfront to be upgraded

Roads leading to Sentosa and the area around Harbourfront will be upgraded this year. The Land Transport Authority (LTA) said this is to prepare for an expected increase in traffic when the integrated resort at Sentosa – Resorts World at Sentosa – is completed in 2010. When fully upgraded in two years' time, the roads can accommodate 30 percent more traffic. According to LTA, during peak period, the...

Singapore resident population stood at nearly 3.6m as of June 2007

The Singapore resident population - comprising citizens and permanent residents - hit some 3.58 million (3,583,100) by end of June last year, compared to 3.53 million (3,525,900) at the end of June 2006. But the Department of Statistics says the latest figures showed that Singapore's total population as at end of June this year was 4.59 million (4,588,600). This includes the non-resident population,...

590 blocks in 58 sites selected for new HDB upgrading programmes

A total of 590 blocks in 58 sites have been selected for the next batch of HDB upgrading programmes. The exact list has not been disclosed but HDB said these blocks would benefit from programmes such as the Home Improvement Programme (HIP), Neighbourhood Renewal Programme (NRP) and the Lift Upgrading Programme (LUP). HDB said the number of HIP projects has been increased from two to four due to strong...

GIC plans to buy Westin Tokyo Hotel: report

THE Government of Singapore Investment Corporation (GIC) will buy the Westin Tokyo luxury hotel (picture) for 77 billion yen ($1 billion) from Morgan Stanley, the Nikkei business daily reported yesterday. The parties plan to complete the deal by the end of the month, having agreed on a basic outline on the purchase of the land and the building located in Tokyo’s prime Ebisu district, the newspaper...

Singapore’s GIC to buy Westin Hotel Tokyo for US$723m

The Government of Singapore Investment Corp (GIC) has agreed to buy the Westin Tokyo luxury hotel for 77 billion yen (723 million US dollars) from Morgan Stanley, a newspaper said Sunday. The parties have reached a basic accord on the purchase of the land and the building located in Tokyo's high-end residential and commercial district of Ebisu, the Nikkei business daily said. They plan to complete the...

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