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VivoCity retailers upbeat about spillover business from Sentosa IR

It is just some two weeks to go before Resorts World Sentosa opens it doors, and retailers at neighbouring shopping mall VivoCity are expecting better business from spillover human traffic. Some estimate that business may go up about 20 per cent. About 6,000 visitors take the monorail from VivoCity to Sentosa everyday. Many hang around in the mall even after returning to the mainland. One tourist said:...

Frasers Centrepoint Trust to buy 2 malls in S’pore for over S$290m

Mainboard-listed Frasers Centrepoint Trust (FCT) plans to acquire two shopping malls in Singapore for S$290.2 million. It will buy Northpoint 2 and YewTee Point from Yishun Development, a wholly-owned subsidiary of its parent, Fraser and Neave. FCT is proposing an equity fund raising of up to 152 million new units to partly finance the acquisitions, with the balance to be funded by borrowings. The...

HDB launches Sengkang site for sale

A land parcel in Sengkang meant for a condominium development has been launched for sale by public tender. The Housing & Development Board (HDB) is launching the condominium housing site at Sengkang West Avenue and Fernvale Link for sale. Interested developers have to submit a minimum bid of S$70 million. The site was made available for sale through the reserve list in June last year. HDB said a...

Keppel Land acquires third township site in Ho Chi Minh City

Property developer Keppel Land said it has acquired a third township site in Vietnam's Ho Chi Minh City. Through its wholly-owned subsidiary, Flemmington Investments, Keppel Land has entered into a joint venture with two Vietnamese developers. Flemmington will work with Tien Phuoc and Tran Thai to develop a waterfront residential township in Ho Chi Minh's popular District 2. Under the joint venture,...

YTL’s Sentosa Cove development sees 50% take-up rate

Malaysia-based YTL Corporation is officially launching "Kasara - The Lake", a collection of 13 luxury villas in Singapore's Sentosa Cove. Six of the 13 villas previewed have already been bought by buyers from Singapore, Europe and the Asia-Pacific region at prices ranging from S$14 million to S$22 million. Villas range in sizes - from 9,000 square feet, with two good-sized parcels of more than 14,000...

Cube 8 @ Thomson Road

Location: Thomson Road (District 11) Tenure: Freehold Year of Completion: 2014 Site Area: approx 72,063 sqft Total Units: 177 (36 storeys) Unit Types: 1 bedroom ~ 560 sqft 2 bedroom ~ 893 to 926 sqft 3 bedroom ~ 1,335 to 1,475 sqft 4 bedroom ~ 1,905 sqft Sky Villas ~ 3,025 to 3,229 sqft Features & Facilities: Guard House . Plaza Fountain . Entrance Plaza . Infinity Edged Water Feature . Children’s...

Special packages for hotel rooms at Resorts World Sentosa

Tour agents in Singapore are launching special packages for hotel stays at Resorts World Sentosa, which is slated to open on January 20. Reservations for the hotel rooms at the integrated resort will open only on January 11 at 10am. However, the integrated resort said it has received hundreds of calls on its reservations hotline. Travel agents said while they are targeting markets like the US and the UK,...

CBRE Hotels predict flattish rates in S’pore

Hospitality consultant CB Richard Ellis Hotels or CBRE Hotels said on Wednesday that the hotel operating environment here will remain challenging this year. It is forecasting that visitor arrivals to Singapore are set to increase but the additional supply of hotel rooms will stem any room rate recovery. CBRE Hotels said Singapore is well positioned to take advantage of the likely improvement in global...

More housing sales, Lunar New Year boost renovation business

The renovation business in Singapore is experiencing a boom, all thanks to the hot property market and coming Lunar New Year. Some contractors have seen business increase by 20 per cent from the last quarter of 2009. The new year period is traditionally a boom time for contractors as homeowners usually want to refurbish in time for the Lunar New Year. But more renovations mean the work takes a longer...

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