An elegant estate for the most discerning of home owners, Goodwood Residence promises to usher in new benchmarks in sophisticated luxury, all in the quiet, green surrounds of Goodwood Hill. Goodwood Residence, just off the Orchard / Scotts Road area, shares a boundary of approximately 150 metres with Goodwood Hill, allowing residents to live near almost 20 hectares of greenery - a rarity in urbanised...
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The Urban and Redevelopment Authority has won an international award for its master-planning efforts for the Bras Basah-Bugis district. Dubbed as an enclave for arts, culture, learning and entertainment, the 95-hectare district was conferred the Award for Excellence 2008 in Asia Pacific by the Urban Land Institute (ULI) - an international, non-profit education and research institute. The award is widely...
Minister Mentor Lee Kuan Yew says Singapore is facing its most promising decade ahead. He expects the economy to grow by up to 7 or 8 per cent over the next few years, barring a global economic downturn. He was speaking at a dialogue session organised by the Monetary Authority of Singapore (MAS) and the Economics Society of Singapore (ESS) on Friday. Mr Lee told his 800-strong audience of industry...
The coming decade could be the most promising for Singapore, says Minister Mentor Lee Kuan Yew. But to achieve progress, Singapore must have a top-class government. Mr Lee shared his views about Singapore's growth and challenges during a dialogue session hosted by the Monetary Authority of Singapore (MAS) and the Economics Society of Singapore (ESS) on Friday. Barring any serious global recession, Mr Lee...
Mapletree Investments on Friday said that it has started the construction of a 10-hectare logistics park in Malaysia. The Shah Alam Logistics Park is expected to be completed early next year and be mostly pre-leased to logistics operators. It will have 60,000 square metres of gross floor area in three single-storey warehouses with mezzanine offices. When completed, the project is estimated to have a...
Head of property developer SC Global still bullish on the local real estate market JUDGING from recent transactions, property prices appear to have hit or are near the floor, according to Mr Simon Cheong, the president of the Real Estate Developers’ Association of Singapore (Redas). As evidence, Mr Cheong, the head of high-end property developer SC Global, points to recent transactions of luxury...
Continued weakness comes amid caution caused by inflation and bleak outlook RECENT developments in the local property market have sent conflicting signals to investors. Several developers have indicated willingness to delay launches as residential property prices show signs of weakness, while others are pointing to still-strong demand. Meanwhile, market data from the Urban Redevelopment Authority (URA)...
3 new malls, 5 million sq ft SHOPAHOLICS can look forward to a fresh injection of 5 million sq ft of new retail space by the end of next year, according to Knight Frank’s calculations. By then, at least three big new malls are projected to be ready to welcome shoppers: West Coast Plaza, Illuma and ION Orchard. However, while customers rejoice over larger and more novel malls, will retailers and...
Frasers Centrepoint, a unit of Fraser and Neave, says it's buying 18 percent of Allco REIT and all of Allco Singapore, which manages the trust. The deal is valued at S$180 million. Frasers Centrepoint will rename Allco REIT to Frasers Commercial Trust when the transaction is completed. Under the deal, Frasers Centrepoint will buy about 126 million shares in Allco REIT for 83 Singapore cents a share, a...
Property analysts say prices are likely to fall further in the third quarter, but experts rule out massive declines because of the multiplier effect from Singapore’s two multi-billion-dollar integrated resorts (IR) now under construction. Housing demand is expected to pick up when the first IR in Marina Bay opens next year employing thousands of workers, said Mr Chua Yang Liang, Jones Lang LaSalle’s...