The construction industry is expected to lead Singapore's economic growth this year, according to 19 economists polled in the latest quarterly survey by the Monetary Authority of Singapore (MAS). They projected an expansion of 15.9 per cent for the construction sector this year, up 2.4 percentage points from the forecast in the previous MAS survey in December. Analysts Channel NewsAsia spoke to, shared...
The Urban Redevelopment Authority has announced its plans for the Ophir-Rochor corridor. The project is expected to be developed over the next ten to 15 years as part of plans to rejuvenate the Central Business District. It will feature a mix of offices, hotels and other complementary facilities in a park-like environment. The first land parcel in the new Ophir-Rochor corridor will be launched for sale...
Motorists driving into Sentosa from Tuesday will be travelling on a brand new road. It will replace the current Gateway Avenue which will be closed to make way for the development of Universal Studios Singapore, a part of the Resorts World at Sentosa. Sentosa Leisure Group said the 730-metre, four-lane road (marked out in red) will help improve traffic on the island. The Resorts World at Sentosa is bearing...
Poh Lian Construction, a unit of United Fiber System, has won the building contract to redevelop a site formerly known as Green Meadows condominium along Upper Thomas Road. The contract, awarded by UOL Development, is worth about S$202 million. The award of the project has boosted Poh Lian’s order book to a new record of S$550 million, up 58 percent since January 31. Poh Lian said the latest contract...
Property developer UOL Group has unveiled a new luxury serviced apartment, marking its entry into the extended stay business. Pan Pacific Serviced Suites, located in the Somerset area, will open for business in April. It offers 126 deluxe units, which come with personal assistants to tend to the needs of guests. Besides waking up to a view of downtown Singapore in an apartment kitted out with designer...
There will be a new financial incentive to encourage singles to live with their parents. Minister-in-Charge of Ageing Issues Lim Boon Heng disclosed this in Parliament on Wednesday when he responded to concerns raised by MPs over the needs of lonely elderly. Over the last few years, the Housing and Development Board (HDB) has built studio flats for the elderly who still want to stay within the...
Luxury condominium living in Singapore is booming and a string of interesting lifestyle features are now being introduced to distinguish between developments. Property developers are outdoing themselves to meet the new lifestyle needs of their customers, from individual yacht berths at The Turquoise in Sentosa Cove to pools in each unit at The Marq and Parkview Éclat. There’s even a car-lift and a car...
Oversea-Chinese Banking Corp (OCBC) says it will accept Tecity's bid for Straits Trading. It will sell its 6.2% stake, generating proceeds of S$135.3m. The announcement comes just days after the Lee family, which controls OCBC, pulled out of the bidding war for Tecity. And on Monday, insurer Great Eastern Holdings also announced that it was selling its stake to Tecity. OCBC had been quoted earlier as...
When it comes to work and play for Asian expats, Singapore is the number one choice. This is according to a recent survey by ECA International, a global human resources organisation. Singapore has maintained the top spot for ten years now but regionally, it is getting tough competition from Japan and even Hong Kong. The survey found that Singapore's infrastructure, low crime rate and lack of social and...
Singapore is the best city in the world for Asian expatriates to live in due mainly to its quality of life and low crime rate, a survey released Tuesday by ECA International showed. Sydney was rated second in the survey, with third spot shared by Melbourne and Kobe in Japan, the human resources firm said. Rounding out the top 10 list for Asian expatriates was Copenhagen in fifth spot, followed by Canberra...