HONG Leong Finance (HLF) is offering buyers of The Residences at W Singapore Sentosa Cove an exclusive financing package, with rates from 0.98 per cent a year. The 228-unit luxury project is being developed by City Developments Ltd (CDL), another Hong Leong Group unit. HLF said that its home loan offerings feature some of the best interest rates in town. 'With an active property market, customers are no...
General
A NEW tenant is set to move into the top floors of OUB Centre at One Raffles Place for 10 years, where it will operate the tower's viewing gallery and roof-top restaurant. OUB Centre said yesterday that restaurant, cafe and bar operator Synergyinthesky will take up 16,000 sq ft of commercial space on the top three levels of the tower, where it recently added 6,000 sq ft of space for a viewing...
THE Singapore Institute of Surveyors and Valuers, and Singapore Accredited Estate Agencies will launch a Global Real Estate Specialist course next month. The course, which will be conducted quarterly, is part of a programme for real estate practitioners who want to make their mark in foreign markets - in particular, the UK, US, Australia, New Zealand and some parts of Asia. They will learn how best to...
JONES Lang LaSalle (JLL) yesterday announced the appointment of three international directors for its Singapore office. They are Chris Archibold, head of markets, Singapore; Susheel Koul, head of regional business development for integrated facilities management, Asia-Pacific; and Marina Krishnan, head of integrated facilities management South Asia. JLL chief executive Colin Dyer said: 'Our international...
Mainboard-listed CapitaMalls Asia (CMA) has posted a first quarter net profit of S$96.8 million, up more than nine-fold from a year ago. Revenue in the first three months of its fiscal year rose 41 per cent to S$74.6 million. The increase was due to profit recognition from the sale of The Orchard Residences apartments in Singapore as well as contributions from its ION Orchard mall. Fair value gain on...
CapitaLand's Australian unit, AustraLand, has bought a 1.8 hectare fully serviced land parcel at the Northshore Hamilton site, fronting the Brisbane River in Queensland, Australia. The purchase price will be a combination of an upfront payment of US$11.1 million and a share of revenues through the life of the project. The acquisition price is conditional upon various approvals which are expected to be...
Prime Minister Lee Hsien Loong says Singapore's economy has made a remarkable recovery from a year ago. He was reacting to Singapore's strong economic performance for the first quarter of the year. Speaking to the Singapore media in Washington DC, Mr Lee said he does not believe the strong growth will continue indefinitely because it is just not possible. However, he said Singapore should make the most...
Its analysis of URA Realis caveats shows that 29 deals are sealed At least $500 million worth of Good Class Bungalows (GCBs) have changed hands in the first three months of this year, according to CB Richard Ellis. The property consultancy's analysis of URA Realis caveats shows that 29 deals were sealed in Q1 for a total of $470.33 million. In addition, CBRE director (luxury homes) Douglas Wong...
Singapore's GDP expanded strongly by 13.1 percent on a year-on-year basis in the first quarter of 2010. It grew by 32.1 percent on a seasonally-adjusted quarter-on-quarter annualised basis. In advance estimates released on Wednesday, the Ministry of Trade and Industry (MTI) said it expects the Singapore economy to grow by 7.0 to 9.0 percent in 2010. MTI said growth was led by the manufacturing sector,...
SINGAPORE is helping to shape a new era in Asian finance, thanks to its well-regulated but business-friendly financial regime, said Finance Minister Tharman Shanmugaratnam yesterday. And, as a 'work, live and play' destination, the $4 billion Marina Bay Financial Centre (MBFC) is poised to support Singapore in its next era of growth, he said at the topping-out ceremony for MBFC's 50-storey Tower...