Visible progress has been achieved in the Tianjin Eco-city project, a joint collaborative effort between Singapore and China. Singapore Minister for National Development Mah Bow Tan made the observation, after co-chairing the 5th meeting of the Sino-Singapore Tianjin Eco-city Joint Working Committee earlier Wednesday. During a visit to the Tianjin Eco-city, Mr Mah said that the joint development is well...
General
Hotelier Millennium & Copthorne has posted a profit of 12.2 million pounds (S$25.5 million) for the first quarter of this year. This is a 77 per cent increase from the same quarter a year ago. This was attributed to signs of recovery in some markets led by Singapore and New York. Meanwhile, revenue for the quarter was 160.5 million pounds, a 2.2 per cent increase from the same period last...
The tender for the land parcel at Boon Lay Way and Lakeside Drive has attracted the highest bid for a residential site this year. Keppel Land Mayfair, a subsidiary of Mainboard-listed Keppel Land, has submitted the highest bid of $302.98 million for the 1.6-hectare site which can potentially yield 525 units. This was a tad higher than the $302-million bid from Sim Lian Land for the tender of a 3.2ha land...
Despite the recession, the newly-opened Straits Trading Building has achieved a 95-per-cent occupancy rate after one-and-a-half years of marketing efforts. The owner, the Straits Trading Company, is optimistic that the building will be fully-occupied by the middle of this year. Mr Eric Teng, CEO for property at the Mainboard-listed firm said that last week, the firm sealed a deal to lease an office unit...
Location: Bedok Reservoir Road (District 16) Tenure: 99 years leasehold Year of Completion: 2014 Site Area: approx 149,913 sqft Total Units: 362 (5 blocks of 15 storeys) Unit Types: 1 bedroom ~ 624 sqft 2 bedroom (compact) ~ 710 sqft 2 bedroom ~ 904 to 915 sqft 3 bedroom (compact) ~ 1,044 to 1,076 sqft 3 bedroom ~1,238 to 1,346 sqft 4 bedroom ~ 1,421 to 1,647 sqft 4 bedroom penthouse ~ 2,002 to 3,025...
Hong Kong's so called "cage men" may be among the city's poorest, but rents per square foot for their dingy wire-mesh cubicles are now on a par with luxury flats in the city's famed Peak district. With Hong Kong's property prices having soared over the past year and urban redevelopment shrinking the supply of older, cheaper tenement blocks, thousands of cage men still dwelling in 15-square-foot cubicles,...
An exclusive, high-end development with a prestigious address at No. 1 Gilstead Road, GILSTEAD 2 is close to cosmopolitan Orchard Road as well as bustling Novena. Newton MRT station is also within walking distance. A freehold development, GILSTEAD 2 commands a sleek modernistic design. Targeted at the young high net-worth individuals and couples, GILSTEAD 2 will have beautifully designed homes with a...
New MRT stations and train service usually spell good news for retailers. But stores at CityLink Mall are seeing the reverse, after the new Circle Line (CCL) stations in the area opened last month. On average, business has dropped by 20 to 30 per cent. Some stores even reported a drop of 40 per cent - one week after the line opened. That's because commuters can use the Promenade and Esplanade stations...
The tender for a residential site at Boon Lay Way and Lakeside Drive has attracted the highest bid of about S$303 million from Keppel Land. The bid by Keppel Land Mayfair works out to about $483 per square foot per plot ratio. At the close of the tender, the Urban Redevelopment Authority (URA) says that a total of 14 bids were received for the site. The next highest bid came from MCC Land at S$263...
Self-styled property investor Calisa Cheong Mei Ing was back in court on Tuesday after having her mitigation plea rejected last year. In remand since July last year, Cheong faces 74 counts of cheating tenants of rent money and obtaining credit as an undischarged bankrupt. When she appeared in the subordinate courts last October, the 40-year-old told the court she had wanted to plead guilty so as to fast...