Insurance giant Lloyd's on Wednesday (Nov 4) opened its new, bigger office in CapitaGreen, as it looks to expand its presence and tap regional growth. Lloyd’s has been operating in Singapore since 1999. It has grown to 20 service companies with 24 syndicates and more than 380 employees, making it Lloyd's largest hub outside London. Lloyd's chief executive officer Inga Beale, who was in Singapore to...
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Hersing Centre, formerly Toa Payoh Entertainment Centre, is being offered for sale, with an indicative price around S$78 million, exclusive marketing agent JLL said on Monday. This translates to about S$1,750 psf on the total gross floor area of about 44,411 square foot, JLL added. The 3-storey commercial building with a mezzanine level, is strategically located in the heart of Toa Payoh Central,...
An upcoming condominium and mall in Potong Pasir have had their proposed names changed from The Andrew Residences and The Andrew Village to The Poiz Residences and The Poiz Centre, after the original names raised the ire of some members of St Andrew’s alumni. Several St Andrew’s alumni members have written in to developers MCC Land and the authorities, saying that giving a commercial project a...
The response to the new Proximity Housing Grant (PHG) has been "most encouraging", with more than one in five home buyers applying for the grant since it took effect on Aug 24, National Development Minister Lawrence Wong wrote in a blogpost on Friday (Oct 30). The PHG, raised income ceilings and increased special CPF Housing Grant (SHG) were some of the new measures announced by Prime Minister Lee Hsien...
Land is a resource that will always be valuable but it must be managed carefully to support equity between generations. Finance Minister Heng Swee Keat made this point at the 10th International Conferences on South Asia, organised by the Institute of South Asian Studies on Thursday morning (Oct 29). He was explaining economic principles that can help achieve sustainable development. Mr Heng cited...
A condominium and a mall in Potong Pasir will have their names changed after their proposed names – The Andrew Residences and The Andrew Village – raised the ire of some members of St Andrew’s alumni. Channel NewsAsia understands that the developer, MCC Land, has submitted the new names to the authorities and is waiting for approval, which could come as early as Thursday (Oct 29) or...
Resale prices of private homes rose last month, according to Singapore Residential Price Index (SRPI) estimates, which were released on Wednesday (Oct 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices increased 0.1 per cent in September from the previous month, when prices fell 0.7 per cent from a month earlier. Prices of small...
Singapore Post (SingPost) announced on Wednesday (Oct 28) that it would develop Singapore's first shopping mall offering a suite of eCommerce logistics solutions, combining both online and offline shopping. In their media release, SingPost said the mall will offer 25,000 square metres of retail space. Consumers will be able to shop online at the mall through e-merchants and choose delivery and pickup...
Prices of private residential properties in the third quarter fell by 1.3 per cent from the previous quarter - the eight consecutive quarter of decline, the Urban Redevelopment Authority (URA) said on Friday (Oct 23). The decline was sharper than in the second quarter, when prices fell 0.9 per cent. The fall was observed across all segments of the private residential property market, URA said....
The prices of office space and retail space in the Republic both dipped slightly in the third quarter of 2015, the Urban Redevelopment Authority (URA) announced in a release on Friday (Oct 23). The prices of office space fell by 0.1 per cent in the third quarter, reversing the increase of 0.3 per cent in the previous quarter. Rentals of office space also fell by 2.9 per cent, following on from a fall of...