Ascott Raffles Place retains the old world charm of the former Asia Insurance Building, including its letters Lovingly preserved in the Ascott Group’s new serviced apartments in the former Asia Insurance Building at Finlayson Green, is a link with the age before email. It is the original mail chute from the 53-year-old building, which when the renovations were being carried out was found stuffed with...
General
Serviced apartment operators have fared well It is an industry that went relatively unscathed through the Sars epidemic, despite the deserted airports and near-empty hotels. Even during those times, serviced apartments in Singapore, which cater primarily to expatriates, were able to maintain an occupancy rate of more than 70 per cent. While health scares may make merrymakers rethink their holiday plans...
The Marina Bay Financial Centre has leased out over 65 per cent of its space, even though it is two years away from completion. Two of Australia's biggest companies are the latest to lease space at the centre. The Macquarie Group and BHP Billiton are taking up more than 216,000 sq ft of office space. They will be there for 10 years, with options to renew and expand. Software development firm, Murex...
Singapore kept its top ranking for the third year in a row as the easiest place in the world to do business, the World Bank said in a report Wednesday. The Asian city-state edged out New Zealand and the United States in the "Doing Business 2009" ranking by the World Bank. Filling out the list of the 10 easiest business environments was Hong Kong, Denmark, Britain, Ireland, Canada, Australia and...
JTC Corporation has announced the ten winning entries, selected from close to 1,600 submissions, for the contest to name the buildings at Fusionpolis. The online contest was held between November 2007 and January this year, and the winners – consisting of students, executives and a homemaker – will each bag a S$1,000 cash prize. Fusionopolis is styled as a hub for cutting-edge research in infocomm,...
The idea of a township for foreign workers had taken off in places like the Middle East, where dormitories for foreign workers, which are sustainable and self-contained, are said to house more than 100,000 people. In Singapore, dormitory operators said this idea could take off given the acute shortage of foreign workers' housing. There are 756,000 foreign workers in Singapore in 2006, with a higher...
Location: 23 Shelford Road Development Type: 2 blocks of 5-storey with attic, facilities & basement carpark Tenure: Freehold Year of Completion: 2012 Land Size: 25,736sqft Total Units: 33 Unit Types: 2 bedroom ~ 829 - 969 sqft 2+1 ~ 1012 - 1,216 sqft 3 bedroom ~ 1,173 - 1,421 sqft 3+1 ~ 1,313 sqft Penthouse ~ 1,528 - 1,950 sqft Facilities: Swimming, Wading, Recreational...
The 88 serviced apartments at the Concourse will be redeveloped into a 360-unit residential property. Developer Hong Fok Corporation said the 99-year leasehold units will be "priced to sell" in today's softer property market. Ninety units of Concourse Skyline will be launched over the next few days in Singapore and Hong Kong. They will be sold at a price of between S$1,580 and S$1,800 psf – about S$1.3...
The URA has closed the tender on a residential site along New Upper Changi Road, with the highest bid coming in at S$84 million from TID. This translates to S$282 per square foot (psf) per plot ratio, said CB Richard Ellis. The 9,875.5 square metre site attracted seven bidders. CB Richard Ellis said the high number of bidders showed that developers still have an appetite for favourable sites even in the...
Singapore's Meetings, Incentives, Conventions & Exhibitions (MICE) industry has remained resilient in the face of the current global downturn. Companies have seen as much as 60 per cent growth in sales in the past six months, driven by growing demand in Asia. And the local MICE sector is set to receive a further boost when the convention space at the integrated resorts comes on line. The industry...