AccorHotels , Europe's largest hotel group, is creating a new lifestyle division to pool its fast-growing "boutique" hotel brands, the company said on Monday. From Feb. 1, Cedric Gobilliard will head the division, which comprises the Jo&Joe youth hostel brand and AccorHotels' stakes in Germany's 25hours Hotels and France's MamaShelter brands. Boutique hotels are usually small, stylishly-designed,...
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The 143-hectare Raffles Country Club site in Tuas will be acquired by authorities to make way for the Kuala Lumpur-Singapore High-Speed Rail project. The club announced the move on its website on Wednesday (Jan 4). The announcement included a letter from the Singapore Land Authority informing the club of the acquisition. According to the announcement, the land is also needed for the Cross Island...
THE developer of Gemini@Sims, a freehold industrial project in Kallang, is looking to sell the entire ground floor of 13 strata units via an expression of interest. JLL, the appointed marketing agent, said Wenul Assets (Industrial) Pte Ltd is expecting offers above S$900 per square foot (psf) over the strata floor area. "The vendors are open to selling all the units to a single buyer or to multiple...
TO support the beleaguered offshore and marine (O&M) industry through a protracted downturn, JTC has given between 3 per cent and 10 per cent in rental rebates to all its O&M tenants and lessees for 2017. This marks the first rental rebate for industrial properties in Singapore since the global financial crisis in 2009. While the industry welcomed the move, some have questioned how far it would go...
Macquarie, Blackstone and Frasers Centrepoint have been shortlisted for the purchase of Guthrie and Lee Kim Tah's space in Jurong Point mall. The Business Times understands that Macquarie and Blackstone have each offered about S$2.2 billion - crossing S$3,350 per square foot (psf) on the 658,000 square foot commercial net lettable area owned by the equal joint-venture between Lee Kim Tah Holdings and...
An eight-storey freehold industrial building along Little Road near Tai Seng MRT Station is being sold for S$33.5 million. The price works out to S$771 per square foot based on the net lettable area of 43,451 sq ft. The seller, Kim Loong & Sons, developed the property which was completed about two years ago, said Kim Chong Wah, the company's managing director, when contacted by The Business Times. This...
HDB resale prices slipped 0.3 per cent in December from a month ago, mainly dragged by the declines for bigger flats, flash estimates from SRX Property show. HDB executive flats and HDB five-room fell the most in resale prices by one per cent and 0.9 per cent respectively, followed by HDB four-room flats and HDB three-room flats that fell 0.2 per cent and 0.1 per cent respectively in resale...
The 143-hectare Raffles Country Club site in Tuas will be acquired by authorities to make way for the Kuala Lumpur-Singapore High-Speed Rail project. The club announced the move on its website on Wednesday (Jan 4). The announcement included a letter from the Singapore Land Authority informing the club of the acquisition. According to the announcement, the land is also needed for the Cross Island...
Artra at Redhill is an elegant 43 storey building consisting of 400 residential units with the 1st floor dedicated to 15 F&B outlets & a supermarket and 2nd floor for a child care centre. With its address, 10 Alexandra View, Artra is the private residential development within the vicinity with MRT literally at its doorstep. It also makes commuting to various part of Singapore seems like a breeze....
THE residential market is showing signs of stabilising even as private home prices slipped for the 13th consecutive quarter, going by the government's flash estimates for the fourth quarter. For the full year, the estimated 3 per cent fall in private home prices and the 0.15 per cent decline in HDB resale prices were smaller than their respective 3.7 per cent and 1.6 per cent declines in 2015. The 0.4...