“A growing number of people in the real estate market are looking to buy a condo rather than to purchase a home or to rent an apartment. But, why are condos so hot in the real estate world? Here are the top five reasons why so many are looking to buy condos rather than other forms of real estate. Reason #1: Condos Do Not Require Upkeep One of the biggest reasons that so many people are looking to buy a...
General
The Metz is a high-rise tower block located at Devonshire Road, off Orchard Boulevard. This well sought-after prime location ensure convenience at your door-step. The Metz is a stone-throw from Somerset MRT Station or the Orchard MRT Station. It is within few minutes walk from the popular shopping and entertainment belt of Orchard Road. Clubs such as The Tanglin Club, The Pines Club and The American...
FOR three years, she allegedly forged cheques and pilfered at least $200,000 from the coffers of four condominiums she was managing. Although she allegedly committed her misdeeds between 2003 and last year, the former condominium managing agent managed to escape detection all the while by apparently falsifying financial accounts. By the time the condominium owners discovered something was amiss in May...
A brand new year is just days away, and almost all hotels overlooking the Marina Bay area are fully booked. Last year, over 160,000 people ushered in 2007 as sparks lit the skies over Marina Bay. The crowds are expected to return once again this year, and thousands more are set to welcome the new year in cosier settings. Ritz Carlton Hotel said its 264 rooms overlooking the bay were booked by November,...
The Singapore economy is expected to register growth of around 7.6 percent on-year for the fourth quarter, capping off growth for the entire 2007 at 8 percent, according to economists. They said financial services will be the main engine of growth for the economy, buffering the slack from the manufacturing sector. The government is expected to release the fourth quarter flash estimates on January 2. The...
There may be worries about the world economy – especially with the ongoing subprime crisis and rising standards of living – but that hasn’t stopped interest in luxury hotels from making a steady comeback. With the recent entry of a new player in Singapore’s luxury hotel industry, the exclusive St Regis, competition looks set to heat up. St Regis opened the Saturday before Christmas, but even...
More investors pump money into office property as reselling them could reap huge gainsIT WAS probably the most profitable “flip” in the property market. In a deal announced last week, GE Real Estate made a whopping 73 per cent profit on its initial $75-million investment, when it sold Anson House for $129.5 million, a year after purchasing it. The 13-storey building, located at Anson Road, is now...
Five blocks of flats in Tiong Bahru have been given a facelift, and they will be rented out to expatriates and foreign students. The rental for the units can cost up to S$4,500 a month. The flats are over 50 years old and are believed to be among the first to be built in Singapore. Katong Hostel successfully won the HDB tender to rent out the 120 available units. It invested S$3 million to renovate...
With the high-end luxury segment leading the residential sector in price increases this year, Singapore developers have been roping in global names to give their projects that extra touch of distinction.A growing number of partnerships are being formed, especially with companies in branded home furnishings. Reflections at Keppel Bay is among the high-end residential projects set to be completed in...
The number of food and beverage (F&B) outlets has tripled on Sentosa in the past two years. But it’s not just the upcoming integrated resort that’s attracting restaurants to start up on the island. Emily Liu and Joe Ou Yang got married in Beijing in February 2007. But the couple never found time to take their wedding pictures, till Joe got posted to work in Singapore recently. “My wife and I...