The world's leading luxury hotels are rushing to expand in Shanghai ahead of next year's World Expo, with hopes high for the upscale travel sector in the Chinese financial hub despite the global downturn. The opulent Peninsula, the only new building on the main part of Shanghai's historic Bund in 60 years, just opened, embracing the city's Jazz Age heyday with a chauffeur-driven 1934 Rolls Royce Phantom...
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A new S$4 million public space has been unveiled at Dhoby Ghaut. It is a space for everyone and provides a quiet corner for those wishing to seek respite from the bustle of the city. Dhoby Ghaut Green, just outside the Dhoby Ghaut MRT station, is the latest addition to the 28 parks in the city. To minimise its impact on surrounding developments, it features a submerged cocoon-shaped amphitheatre that...
A wide range of exciting recreational experiences awaits residents in western Singapore, following the completion of the Western Adventure Park Connector Network (PCN). The 23km PCN joins eight parks in western Singapore, namely Choa Chu Kang Park, Villa Verde Park, Zhenghua Park, Dairy Farm Nature Park, Bukit Batok Nature Park, Bukit Batok Town Park, Limbang Park and Bukit Panjang Park. Minister for...
Singapore’s private home prices rose 15.8% in the third quarter, the most in 28 years, as cheap money and improving economic conditions lured buyers. The price index of private residential property jumped to 154.3 from 133.3 the previous quarter, the Urban Redevelopment Authority said on its Web site today. The increase was the first in more than a year and the biggest quarter-on-quarter gain since...
Prices of HDB resale flats in Singapore rose to record highs in the third quarter, according to data released on Friday. The latest data from the Housing and Development Board (HDB) showed that the Resale Price Index rose 3.6 per cent in the third quarter over the previous quarter to 145.2 points. This has raised concern among some potential homebuyers, who fear that prices may continue to rise. The...
Private home prices rose 15.8 per cent in the third quarter compared to the second quarter - slightly lower than the initial forecast of a 15.9-per-cent rise made by the Urban and Redevelopment Authority (URA) in early October. The rise in prices between July and September is a sharp turnaround from the 4.7-per-cent fall seen in the second quarter, and snaps four straight quarters of decline. According...
CapitaRetail China Trust (CRCT) said on Friday that its third quarter distribution per unit (DPU) is 2.02 cents. This is 0.5 per cent higher than the 2.01 cents DPU announced over the same period last year and 4.5 per cent more than the previous quarter's DPU. Distributable income for the period ended in September is S$12.6 million, 1 per cent more than last year's S$12.4 million. Net property income was...
Frasers Commercial Trust (FCOT) announced on Friday a third quarter distribution per unit of 0.2 cent. That is 26 per cent lower than the 0.27 cent DPU for the same period last year, after making adjustments for a rights issue. Distributable income for the period ended in September fell by 24 per cent on-year to S$6.14 million, though it was up by 10.4 per cent when compared to the previous quarter. Net...
The freehold site at Angullia Park that The Parisian sits on has been sold for S$283 million. The buyer is China Sonangol Land, part of the China Sonangol international holding company headquartered in Hong Kong. According to real estate consultancy CB Richard Ellis which brokered the deal, this is the biggest private residential land sale in two years. The site, located near Orchard Road, can...
Singapore's Paragon Market Place has won the "Best Retail Concept Award" conferred by the Federation of Asia-Pacific Retailers Association (FAPRA). It is the first Singapore brand to win the title at one of the retail industry's biggest events. This is not the only accolade Paragon Market Place has received. Since its S$3 million revamp in 2008, the grocer has won awards within the retail industry in...