Tennis, futsal, yoga, dance and space for visiting parents too IT MAY not be publicly funded, but the Singapore Institute of Management (SIM) is shaping up to offer some students a varsity experience not unlike that of the three local universities. Hostel living will now become part of the SIM education, after the tertiary institution officially opened its new campus yesterday. Formerly an army camp, the...
General
The new Khoo Teck Puat Hospital in Yishun is on track for opening in 2010 despite a hike in construction costs, says its CEO Liak Teng Lit. Commenting on the progress, Mr Liak said the structure of the hospital will be completed by the middle of 2009. Mr Liak said, "The lift shaft has reached level 3, basement is almost completed. So part of the hospital is now at level 1. From now on, every 3 weeks or...
Singapore's first private aviation show at Seletar Airport, which will be held next week, is targeted at ultra high net worth individuals, with over US$30 million in liquid assets. 200 tycoons and business leaders mostly from Indonesia, Malaysia and Singapore will be in town for the MillionaireAsia Private Aviation Show and the Formula One Grand Prix as well. Singapore has one of the fastest rates of...
The collapse of Lehman Brothers is set to hit Asian office rental rates. Banks are traditionally the largest users of Grade A office space in the region, and they are likely to cut back on expansion plans and even consolidate current operations in the year ahead. In the region's major office markets, Tokyo's prime rentals are leading the decline. Others are expected to follow suit over the next 12 to 18...
For the first time, Singapore has clinched top spot as the best place for meetings and businesses, beating global players such as Paris and Vienna. The Union of International Associations (UIA) Global Rankings also gave Singapore top billing as the number one Asian country for meetings, a position Singapore has held for the past 24 years. The Singapore Tourism Board said the country accounted for 22.5...
When two dormitories housing 6000 foreign workers sprung up in the private estate of Jalan Kayu in 2005, it led to a flood of complaints from residents. Manager of Tee Up Dormitory, Kelvin Low, said, “Initially, they hope not to see any foreign workers around the estate. This is unrealistic expectation.” 3 years down the road, not only have foreign workers become a common sight here, they are even...
It is estimated that some 100,000 foreign workers are living in illegal accommodations across Singapore, due to a severe shortage of dormitory space. One particular shophouse, for example, houses about 35 foreign workers. The narrow shophouse is cramped, and there are no windows or ventilation. In one of the rooms, six bunk beds are packed into a tight space measuring 1.5 metres by 6 metres. Despite the...
THE collapse of Lehman Brothers Holdings may contribute to an easing of demand for prime office space in Singapore, where commercial rents are already peaking amid slowing economic growth, property consultants said. The market turmoil that this week also forced the sale of Merrill Lynch to Bank of America and a bailout of American International Group will probably further slow expansion by international...
Minister for National Development Mah Bow Tan has stressed that no decision has been made regarding the building of foreign worker dormitories in Serangoon Gardens. Addressing the issue at a media conference on Wednesday, Mr Mah emphasised that the proposal was still in the initial stages. He said the different ministries would first conduct a technical feasibility study at the location. Should the site...
With the Housing and Development Board's (HDB) development costs up over the last year, young couples looking to buy a new flat may ask: Would I have to pay more? For Financial Year 2007-8, tender prices for its construction works grew about 22 per cent. In June, National Development Minister Mah Bow Tan had estimated they could jump another 20 per cent this year. Releasing the HDB annual report on...