Most businesses along the Singapore River are backing plans to revitalise the area. The Urban Redevelopment Authority (URA) will appoint a business consultancy to kick-start a five-year plan to market the riverfront attractions. Harry's Holdings has nine bars and restaurants along the Singapore River, including stores at Esplanade, Marina Bay, Robertson Quay, Boat Quay and Clarke Quay. The firm said...
General
Mainboard-listed Ascott Residence Trust (ART) says its distribution per unit (DPU) fell 6 per cent on-year in the first quarter to 1.66 cents. This is lower than the 1.77 cents announced in the year-ago period. Unitholders' distribution also dropped by 5 per cent on-year to S$10.3 million. The fall in distribution came despite revenue rising 3 per cent on-year to S$43.5 million. ART says the drop in...
Mainboard-listed CDL Hospitality Trust says its income available for distribution per stapled security, after deducting the income retained for working capital, rose 17.8 per cent on year in the first quarter to 2.32 cents. This translates to a distribution yield of 4.95 per cent for the quarter, based on a unit price of S$1.90 as at close of market on 29 April 2010. Gross revenue increased 18.1 per cent...
More Singaporeans are satisfied with the living, working and leisure environment, according to an Urban Redevelopment Authority Survey. Data collected from the Lifestyle Survey 2009 as well as the Concept Plan 2011 online survey, found that the number of people who think Singapore is a great place to live, work and play has gone up by about 10 per cent to 84 per cent. Compared with a Public Perception...
In the wake of the overcrowding issue at Mustafa Centre and the fire at People's Park Complex (picture), safety experts say older shopping malls here will need to review their safety plans to keep up with changing business operations and growing crowd numbers. Mr Kenneth Jones, the director of building inspection and survey company Robinson Jones Associates, told MediaCorp he has seen some worrying lapses...
The next batch of units at Marina Bay Suites will be released by the the project's developer on Thursday, BT understands. Prices have yet to be finalised, say sources. The units to be released are expected to be above the 46th level sky terrace in the 66-storey development. This is unlike the initial batch of 90-odd units released by the developer late last year, which were mostly below the 46th storey;...
Location : Hougang Street 11, Lorong Ah Soo (District 19)Tenure : 99 years leaseholdYear of Completion : 2014Site Area : 472,378 sqftTotal Units : 1,144Unit Types :1 bedroom ~ 549 to 797 sqft (121 units)2 bedroom ~ 936 to 2,013 sqft (337 units)2 bedroom + study~ 1,087 to 2,077 sqft (158 units)3 bedroom Dual Key ~ 1,453 to 2,013 sqft (44 units)3 bedroom ~ 1,216 to 2,077 sqft (204 units)3...
THE opening of new MRT stations has pushed up property prices across the island and made it hard for developers to find land at viable prices. Wing Tai Asia property director Chng Chee Beow told a discussion yesterday: 'The transportation networking makes things much closer and that brings up property prices. 'The biggest headache facing developers now is this: How can you find land with a reasonable...
Mainboard-listed MCL Land said its first quarter net profit jumped to US$48.7 million (S$46.6 million) for the period ended March 31. This compared to net profit of US$1.4 million posted in the same quarter a year ago. The higher profit is due to the write back of an impairment charge of US$51 million for The Estuary, a condominium project. Meanwhile, the company continues to carry an impairment charge...
Raffles Place is not likely to lose its lustre as a business district, said Ms Lynette Leong, chief executive officer of CapitaCommercial Trust (CCT), which has three office properties in the area. Despite some financial institutions moving to Marina Bay, she is seeing interest from existing tenants and potential tenants for more office space in the Trust's Raffles Place properties, which include One...