Over 120 stores, 10 malls presenting FSO2010 to masses FROM today to May 9, fashion will take centre stage at Orchard Road. The Orchard Road Business Association (Orba), in partnership with Singapore Press Holdings (SPH) and official card MasterCard, will be organising Fashion Season @ Orchard 2010 (FSO 2010) - six weeks of fashion-related events and parties that aim to make fashion accessible to the...
Office / Retail Space
The Singapore office market stabilised in the first quarter of this year. Overall rentals dipped only 1.5 to two per cent compared with the previous three months. Analysts said they expect rents in the central business district to fall further, as office tenants choose higher quality space. Market watchers also believe that demand will not keep pace with new supply coming on stream. Marina Bay...
Singapore's industrial and office property markets are showing signs of improvement. Property consultancy DTZ Research on Wednesday said that islandwide office occupancy improved in the first quarter of this year. The average islandwide office occupancy rate rose 0.7 percentage-point on-quarter to 92.4 per cent. DTZ said the improvement in occupancy rate was due to an increase in demand. There was also...
Overcrowding has become a safety issue at Mustafa Centre, and the management has expanded its premises to accommodate more shoppers. This is in response to a possible Singapore Civil Defence Force (SCDF) court order. If confirmed, the first storey of the 24-hour shopping centre risks being temporarily closed. The centre, which sees up to 10,000 shoppers daily, has expanded certain areas in its premises...
Rents seen staying soft because of the substantial supply pipeline Office rents contracted for a sixth straight quarter in the first three months of this year - but the decline was marginal and rents appear to have stabilised on the back of positive occupier demand and the brighter economic outlook. According to CBRE Research, prime office rents eased 0.7 per cent to $6.70 per square foot per month (psf...
POPULAR retailer Mustafa was fined $10,000 yesterday, after it pleaded guilty to illegally using its six-storey warehouse building in Kallang Pudding Road for retail sales. The fine caps a saga which began last November, when the Urban Redevelopment Authority (URA) served a writ of summons on Mustafa for converting the first two levels of its warehouse into a department store and a supermarket. These...
JAPANESE mall operator Parco opened its new department store at Millenia Walk yesterday. The retailer's $10 million, 85,000 square foot Parco Marina Bay occupies the space formerly occupied by DFS Galleria, which was later replaced by several smaller shops including piano and dance studios. Parco has set aside 6,000 sq ft of space on the second level for the government-backed next Next Fashion Incubator...
Overcrowding has become a safety issue at Mustafa Centre, and the management has expanded its premises to accommodate more shoppers. This is in response to a possible Singapore Civil Defence Force (SCDF) court order. If confirmed, the first storey of the 24-hour shopping centre risks being temporarily closed. The centre, which sees up to 10,000 shoppers daily, has expanded certain areas in its premises...
he Singapore Civil Defence Force (SCDF) is getting a court injunction against Mustafa Centre to close part of its building for breaching safety violations. According to SCDF, these include "serious episodes of overcrowding". A pre-trial conference was held on Tuesday, and the case will be heard again next Wednesday. In January this year, Mustafa centre was fined S$17,000 for two charges of fire safety...
What a difference two new MRT stations make. For commuters getting off at City Hall station, their long and winding walk to Suntec City, Marina Square and Millenia Walk will soon be over. The new Esplanade and Promenade MRT stations are at these malls' doorsteps. These stations are among the 11 on the Circle Line that will open on April 17. 'It's a 10-minute walk now from the nearest MRT station at...