The Singapore resident population - comprising citizens and permanent residents - hit some 3.58 million (3,583,100) by end of June last year, compared to 3.53 million (3,525,900) at the end of June 2006. But the Department of Statistics says the latest figures showed that Singapore's total population as at end of June this year was 4.59 million (4,588,600). This includes the non-resident population,...
General
A total of 590 blocks in 58 sites have been selected for the next batch of HDB upgrading programmes. The exact list has not been disclosed but HDB said these blocks would benefit from programmes such as the Home Improvement Programme (HIP), Neighbourhood Renewal Programme (NRP) and the Lift Upgrading Programme (LUP). HDB said the number of HIP projects has been increased from two to four due to strong...
THE Government of Singapore Investment Corporation (GIC) will buy the Westin Tokyo luxury hotel (picture) for 77 billion yen ($1 billion) from Morgan Stanley, the Nikkei business daily reported yesterday. The parties plan to complete the deal by the end of the month, having agreed on a basic outline on the purchase of the land and the building located in Tokyo’s prime Ebisu district, the newspaper...
The Government of Singapore Investment Corp (GIC) has agreed to buy the Westin Tokyo luxury hotel for 77 billion yen (723 million US dollars) from Morgan Stanley, a newspaper said Sunday. The parties have reached a basic accord on the purchase of the land and the building located in Tokyo's high-end residential and commercial district of Ebisu, the Nikkei business daily said. They plan to complete the...
Iconic projects around Dubai belied its ambition to turn barren desert into a world class destination. The Palm Jumeirah, fanning out into the Arabian Gulf, is hailed as a symbol of Dubai's growth, innovation and vision for the future. Palm Jumeirah It is one of the world's largest man-made islands, covering 560 hectares or more than 600 football fields. Built entirely on reclaimed land, it is also the...
Expected to list on SGX by middle of the year. More than a year since its decision to divest its industrial properties, JTC corporation - Singapore’s biggest industrial landlord - has appointed Mapletree Investments to establish and manage a real estate investment trust (Reit). The Reit is expected to list on the Singapore Exchange by the middle of the year, subject to market conditions, said...
Even as property prices come off their peaks, sector participants are keeping cautious, with Macquarie MEAG Prime Reit's manager becoming the latest to say it will hold off making acquisitions for now. The uncertain mood brought on by turbulence and volatility in financial markets is curbing enthusiasm for property around the world. "We have been shy of making acquisitions at the wrong price. So far, we...
Singapore and China officials have held their first joint working meeting on the mega Sino-Singapore Eco-City project. Besides preservation and restoration of natural ecology, green consumption and low carbon emissions, it is social cohesion that tops the list of features in the eco-city, said Singapore's Minister for National Development Mah Bow Tan. Grand plans are in store for the Sino-Singapore Tianjin...
Demand for JTC's industrial space jumped to a record 880,000 square metres in 2007, thanks to a strong economy. Singapore's largest industrial landlord said take-up for its ready-built facilities reached nearly 215,000 square metres. This was about 20 per cent higher than the record set in 2005. A new high was also set for prepared industrial land with take-up at over 340 hectares. Occupancy for...
Life insurance firm Prudential is expected to save S$1.2 million a year in rent for the next 15 years when it moves into a transitional office site at Scotts Road. The site, which is slated to be ready in September, will house 2,500 staff. The target to construct the S$35 million, four-storey building by September is a challenging one given the resource crunch in the construction sector. Developer...