The Housing and Development Board (HDB) of Singapore has launched the sale of 992 flats under its Balloting Exercise on Friday. They include surplus flats available from the Selective En Bloc Redevelopment Scheme (SERS) in Ang Mo Kio, Kallang, Whampoa, Queenstown and Jurong West, as well as remaining units at The Pinnacle@Duxton. HDB said on Friday the units offered are of different types and designs...
General
Singapore's population hit 4.84 million in June this year, marking a 5.5 per cent increase from a year before. The figure is buoyed by an increasing number of foreigners in the country, boosted by strong economic growth over the past few years. The number of non-residents grew by 19 per cent, while the resident population went up by a mere one per cent. The National Population Secretariat said foreigners...
Amid economic gloom, Gulf property markets have shown surprising resilience, writes COLIN TAN AMID the heightened uncertain global economic outlook and the doom and gloom afflicting many of the world's real estate markets, the Middle East housing sector has been demonstrating surprising resilience especially given that the market has been enjoying at least four years of phenomenal price growth. Today,...
A 38-storey office tower will be built beside OUB Centre, adding some 350,000 square feet of Grade A office space to Singapore's business district. Despite growing expectations of falling demand for office space and a slump in office rents, the project's marketing agent is already talking to interested parties. The S$540 million project is scheduled to be completed in 2011 and is already seeing healthy...
Senior Minister Goh Chok Tong has suggested that the China-Singapore Tianjin Eco-City can be turned into a sub-regional financial hub within China's northeastern region. Mr Goh made the suggestion during a meeting in Tianjin with the city's Party Secretary Zhang Gaoli on Thursday evening. He said the flagship project between China and Singapore can also serve as a hub for training skilled workers,...
Low costs and promising markets pave the way for expansion in Asia, Europe Property crisis or not, Frasers Hospitality is dead-set on rapid expansion, planning within the next 15 months to double the number of service apartments it owns and operates. The company, an offshoot of food and beverage mainboard-listed blue chip Fraser & Neave, is looking to set up its own procurement unit for central...
The Singapore F1 tickets are fast selling out, but fans can still catch the action from some choice locations. Hotels along the circuit are seeing high demand but rooms with a circuit view are still available, if you're willing to pay. Offering a bird's eye view of the race, the Swissotel is probably the place to be during the F1 weekend. The hotel is also home to three major F1 teams - Ferrari, BMW and...
Singapore is one of the top locations in the world for new small and medium enterprises (SMEs) looking for financing. This is according to a new study by MasterCard Worldwide. The study shows that Tokyo and Singapore are ranked in the top four out of 53 leading global cities in the potential size of its SME financing market. Tokyo is second while Singapore is ranked fourth. In the Asia Pacific, Middle...
Privately held firms have voted Singapore as the country with the least burdening taxes in the world, according to a business survey by accounting and consulting group Grant Thornton International. The survey found that 40 per cent of all privately held businesses in Singapore feel that there are no burdening taxes in the country. According to Grant Thornton, this shows companies here are maintaining a...
THE closing of roads leading to the SingTel Singapore Grand Prix circuit has upset some shop and restaurant tenants at Suntec City and Marina Square. Many of the them told The Straits Times that business has nose-dived owing to the inconvenience following the road closure. Others blamed the slower economy. Several roads, such as Beach Road and Bras Basah Road, had sections closed since yesterday in...