Demand for serviced residences has been strong this year due in part to a rise in the number of project-based teams brought in by multinational firms. Service apartment operators say there are also more expatriate professionals relocating to Singapore, in tandem with an increase in investments. But even as occupancy rates are hitting the high 90 percent, service apartments in Singapore are still cheaper...
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Singapore's Banyan Tree Hotels and Resorts will manage a new resort in Bali, Indonesia. The Banyan Tree Ungasan Resort has just been launched by Indonesian developer, PT Surya Semesta Internusa Group.Perched upon a 70-metre cliff, the high-end 10-hectare US$30 million resort comprises 73 villas which are being offered for sale to prospective investors. 250 socialite guests, plucked from The Link Group's...
Property agency ERA says it has clinched a 52 percent share of property transactions for the month of October.It based its claims on the record 871 deals its property agents signed last month. This is against the monthly average of 1,676 transactions signed for private residential new projects and resale segments since the start of the year. The 871 transactions signed by ERA are based on the sales of...
Think of it as a convenient store with a technical support helpdesk for scientists. That is the essence of Invitrogen's new million-dollar-supply-centre in Singapore's life sciences hub at The Biopolis.The U.S.-based life science products and services supplier said setting up the retail store staffed with intelligent scientists will help its customers spend more time learning about its products and...
Resort and spa operator Banyan Tree has posted a third-quarter net profit of around S$4 million, driven largely by higher property sales.The company had posted a small loss a year ago. Revenue was up 49 percent to S$69 million this third-quarter, as compared with S$46 million in the same quarter last year. Much of the increase came from its hotel investment business and property sales. Ho Kwon Ping,...
The Urban Redevelopment Authority is inviting developers to apply to put a residential property site at Jalan Jurong Kechil up for tender.It covers about one hectare - big enough for a 14,000-square metre development. However, it has a very short lease period of only 30 years. The site can be used to build either a condo or retirement housing. The URA is prepared to throw in incentives if the successful...
Live in the heart of it all Step into a world that bings you the beat of waterfront living. Live and be seen at the centre of it all - Tribeca by the waterfront. Imagine your own private oasis in the heart of the city. A lush paradise inspired by clean lines and distinctive facade, realizing a perfect blend of modernity and natural serenity. A magnificient freehold property, Tribeca by the waterfront...
Following successful preview sales last weekend, enthusiastic buyers of the CapitaLand and Lippo Group development The Metropolitan located near Redhill spent three nights queueing in wait for the condominium's official sales launch."The queue started last Wednesday night because people wanted to ensure that they got their choice unit," said Ms Doris Ong, vice-president of Project Marketing at ERA Realty...
In the excitement of a bullish property market where positive sentiments are the order of the day, it bears noting that there are still bearish voices out there to remind investors that there is still some frailty in the sector. One such naysayer — The Global Property Guide — says the Asian residential property market has lagged badly behind Europe, the United States, Australia and New...
Singapore's Agency for Science, Technology and Research or A*STAR has set up a laboratory of sorts to test out technologies for an intelligent home of the future.Researchers will be able to use the fully furnished model home to test out if the technologies they create are feasible, reliable and usable. However, A*STAR admits the high cost of wiring up a home makes it out of reach for the average person...