The Centrio is an exclusive 15-storey development embracing the spirit of modern living with a gracious and serene welcome each time you return to your private space. Situated within walking distance from Novena MRT, you are surrounded by a variety of shopping and dining choices from Velocity to Newton Circus, and Orchard Road. There is also no lack of choices for schools with premier schools like ACS,...

The wait for shower facilities and more carpark spaces at MacRitchie Reservoir — the first phase of which was scheduled for completion the end of this month — has just gotten longer. According to the PUB, the construction work for the $5-million makeover would be delayed for at least another nine months after the construction work on the carpark "has virtually stopped in the last two...

The sub-prime crisis has intensified the necessary corrections in the property market. But according to Henderson Global Investors, there's an upside to it. The asset management firm, which has some $117 billion worth of assets under its wing, is positive on the medium term outlook for the global property sector. The likelihood of a US recession and the current global credit crisis is hurting investor...

The National University of Singapore (NUS) has launched the first Master of Landscape Architecture Programme which will start this August. According to the Singapore Landscape Industry Survey 2006 conducted by Synovate Business Consulting, the sector is expected to grow to $153 million by 2014. Students taking the course will be trained in architectural design, site planning, estate development and...

Fitch Ratings expects property trusts to see more mergers and acquisitions (M&As) in the near-to-medium term, with those trading below their book values likely to become targets of acquisitions. Under certain conditions, the ratings firm said: “Such M&As could affect the credit ratings of the affected” real estate investment trusts (Reits). “Fitch believes that consolidation of the Singapore...

KSH Holdings has secured a S$121 million contract to construct luxury condominium development Seascape at Sentosa Cove. This project puts its order book at more than S$614 million. The contract was signed by the construction, property development and management group's subsidiary Kim Seng Heng Engineering Construction. The deal was awarded by Seaview, a company co-owned by Ho Bee Investment and IOI Land...

Singapore construction firm Lian Beng Group has won two contracts worth a total of S$90.2 million. The first is a S$73.5 million contract to build a 21-storey freehold condominium Amber Residences along East Coast Road. The building contractor also sealed a deal worth S$16.7 million to build a 7-storey industrial building at Paya Lebar i-Park. Work on the projects will begin in May and expected to be...

Office park developer Ascendas is taking full control of the manager of Ascendas Real Estate Investment Trust (A-REIT). Under a deal announced on Wednesday, Ascendas is buying over the 40 percent stake in Ascendas-MGM Funds Management Limited that is now held by Goodman Group. Upon completion of the sale, Ascendas-MGM Funds Management Limited will become a wholly-owned subsidiary of Ascendas, and will be...

Mainboard-listed logistics company, CWT, has opened two new logistics hubs in Singapore, expanding its warehouse space by one million sq ft. The new facilities cost CWT more than S$80 million, but they are expected to help drive revenue up by some 10 percent. Most of the new space will be used to store chemicals, which will help boost CWT's position in the sector. Loi Pok Yen, Group CEO of CWT, said: "We...

Mainboard-listed CentraLand is buying a 25,460-square metre site in China for 200 million renminbi (S$39 million). The site in Zhengzhou, the capital of the Henan province, will be redeveloped into a new mixed-commercial building, comprising retail and office space. There will be about 16,000 square metres of commercial retail space and approximately 94,000 square metres of office space. The parcel is...