A NEW fashion fiesta is expected to set Orchard Road abuzz when it is launched tonight. Called Fashion Season @ Orchard, it features a gamut of fashion events, workshops, parties and shopping deals. Ten shopping malls and more than 120 retailers are taking part in the event, which is organised by the Orchard Road Business Association (Orba) and supported by the Singapore Tourism Board. To get things...
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ANOTHER real estate investment trust (Reit) is headed for the local bourse, this time focusing on logistics properties. Cache Logistics Trust plans to raise $417.2 million through an initial public offering (IPO) of 474.1 million units. Of these, 41 million units will be offered to the public. It is the first Reit to list on the SGX mainboard after the recent global financial crisis - and it is set to...
FOR private home hunters looking for some respite in the relentless rise in prices, there was mixed news yesterday. On the plus side, prices are estimated to have risen 5.1 per cent in the first quarter, moderating a little from the previous quarter's 7.4 per cent sharp rebound. But the flash estimates from the Urban Redevelopment Authority (URA) also confirmed that - other than in the central prime...
The developer has to retain and restore the three buildings - Capitol Theatre, Capitol Building and Stamford House - on the site THE government will soon put up for sale a commercial site with three landmark buildings - Capitol Theatre, Capitol Building and Stamford House - on it. The site, which is located at the junction of Stamford Road and North Bridge Road and which also comprises Capitol Centre and...
AN executive condominium (EC) site at the junction of Sengkang East Avenue and Buangkok Drive will go on sale in about two weeks - and is expected to be warmly received by developers. The Housing & Development Board said yesterday it will release the site, which is on the government's reserve list. Sites on this list are released after a developer commits to bid at or above a minimum price acceptable...
Over 120 stores, 10 malls presenting FSO2010 to masses FROM today to May 9, fashion will take centre stage at Orchard Road. The Orchard Road Business Association (Orba), in partnership with Singapore Press Holdings (SPH) and official card MasterCard, will be organising Fashion Season @ Orchard 2010 (FSO 2010) - six weeks of fashion-related events and parties that aim to make fashion accessible to the...
THE Singapore Land Authority (SLA) yesterday launched an invitation to tender for four sites at Lorong Chencharu, intended for use as aquarium fish export centres. The sites total 17,189 sq m, equivalent to slightly more than two football fields. They are part of a larger area of state land earmarked for agricultural purposes. Each site is offered on a 10-year lease, with an option to renew for a further...
The Singapore office market stabilised in the first quarter of this year. Overall rentals dipped only 1.5 to two per cent compared with the previous three months. Analysts said they expect rents in the central business district to fall further, as office tenants choose higher quality space. Market watchers also believe that demand will not keep pace with new supply coming on stream. Marina Bay...
The Urban Redevelopment Authority (URA) said a developer has committed to bidding at least S$100 million for a land parcel at the corner of Stamford Road and North Bridge Road. The site, which has a 99-year lease, includes three historical buildings - the Capitol Theatre, Capitol Building and Stamford House. The site has been on the reserve list since 2008 and is expected to be launched for sale by...
The government's anti-speculative measures for the property market appear to have worked. Private home prices grew at a slower pace of 5.1 percent in the first quarter, according to estimates from the Urban Redevelopment Authority (URA). At this rate, analysts expect prices to return to the 2008 peak levels before the end of this year. Home prices are rising again with strong take up for new launches...