A FAMILY feud at Sun Hung Kai Properties, one of Hong Kong's biggest developers, is shaping up to become a feisty legal battle for boardroom control. The woes of the Kwok family have taken a dramatic twist after the chairman of Sun Hung Kai Properties, who took leave of absence in February, filed a writ against the company and his brothers. At the time, Sun Hung Kai Properties said Walter Kwok was taking...
General
SINGAPORE-LISTED Gallant Ventures is making another effort to add more buzz to its Bintan projects by announcing a slew of new investments, including infrastructure, worth some $500 million. This time around it’s not only the well-heeled it’s trying to draw to its pristine beaches, but also the middle-income investors. It has been talking to Singapore’s Housing Development Board and National Trades...
You are dining al fresco by the river, tourists at the next table are taking in the tropical night scene, a gentle breeze blows — and suddenly, there is a smell from the river. It is pungent and will not go away; and the night is ruined. This has been the scene along the Singapore River recently, in particular at Robertson Quay. The river's brackish waters may have needed more cleaning up, but for the...
In just three years, Singaporeans will be able to enjoy a new attraction in the southern part of Singapore as the Urban Redevelopment Authority (URA) plans to develop the area around Alexandra and Labrador Park into a recreational and leisure hub. Berlayer Creek is a place where you can find mangrove swamps and exotic birds. But not many people are aware of the natural treasures available there. With few...
Punggol residents can expect a new shopping mall as large as Junction 8, in their town centre, when the Housing and Development Board (HDB) launches the first sale site at Punggol in the next two to three years. The site will be used for a mixed commercial and private residential development. Earmarked as Singapore’s waterfront town, much of the activities in Punggol will centre around a new...
In a pristine corner of the eastern quarters in Singapore lies an address you will be proud to call home. An outstanding location that places all you need and want in life at your fingertips, Dakota Residences is perfect for your exemplary lifestyle. Impressive views and superb connections frame this undisturbed oasis presenting you with the best of all worlds. Dakota Residences comprises 348 units...
Barclays Capital says market has peaked, rent to drop 5% this year and more in next 2 years Have home rentals peaked? With a looming rush of new supply, one bank is predicting that they could fall by as much as 25 per cent by 2010. That is good news for tenants, but not so good news for landlords, who saw private rentals surge an average of 41 per cent last year. This bold forecast comes in a report...
Should those who oppose an en bloc sale get more money for their flats than those who support it? Disgruntled owners of homes in Regent Garden don’t seem to think so. They are going to the Court of Appeal, after property developer Allgreen offered six owners more money than it had to the others so that the six would no longer hold up the sale. This, after a High Court decision last month that the en...
Developers have lowered asking price to bring in buyers Singapore’s much-anticipated property market slowdown is here. April saw a 58-per-cent dive in new property launches by developers as buyer sentiments soured. According to data released by the Urban Redevelopment Authority (URA) yesterday, developers put 271 new private homes on sale last month, down from 642 in March. Sales dropped by another...
CapitaLand has launched a new programme to encourage more people to adopt a green lifestyle. Called “Building a Greener Future”, the programme features a range of environmental-friendly initiatives. For a start, 100,000 re-usable shopping bags will be given out to shoppers through tenants at the 11 CapitaLand Malls. The bags come with a loyalty programme that rewards shoppers for using the bags,...