The 30-year-old red brick chalets at East Coast Park will be given a new lease of life with a $5-million revamp, one year after NTUC Club withdrew from the site. Its new tenant, Island Park Resort, hopes to transform the chalets into a cluster of beachfront English cottages, sectioned into a tranquil zone and a party zone, complete with a world-class conference and convention centre with WiFi access. The...
In a move that will address the dual directions that luxury and mass market private homes increasingly move in, the Urban Redevelopment Authority (URA) is set to introduce different price indices for various segments of the market. As early as the end of this month, the URA could provide more information for its private property price index (PPPI) when it’s due to present the figures for the final...
East Coast Resort is set to get a $5 million makeover with new and upgraded facilities, as well as a new name - Island Park Resort. The new owners, Goldkist International, has signed a tenancy agreement with the Singapore Land Authority (SLA) for an initial term of three years and is renewable up to 2015. The Singapore-based company has promised an eco-friendly approach to the upgrading, which will be...
Singapore-based company Surbana Consultants has broken ground on a US$214m (S$331m) mixed development in Abu Dhabi. It is the first of 4 such projects the company is undertaking in the emirate, and is a sign of the growing interest in the largest and wealthiest emirate in the United Arab Emirates. Singapore companies have traditionally been active in nearby Dubai, using it as a hub for the Middle...
Singapore on Monday opened a light rail link to Sentosa island, which will become home to a gaming and entertainment complex. The 140-million-dollar (91 million US) Sentosa Express takes passengers on a four-minute journey from a station at the VivoCity shopping mall on the main Singapore island, Sentosa said on its website. The VivoCity station connnects to the city's main underground transport...
A dual economy is emerging in Singapore, says economists at the annual Singapore Perspectives Seminar organised by the Institute of Policy Studies. Moving forward, the Singapore economy will be growing at 3 to 5 percent every year, which is creditable for a mature economy. However, economists are warning of divergent growth patterns between different businesses and income groups in...
All-round trade growth is buttressing Singapore's position as the world's busiest container port and ship fuelling hotspot, despite increased competition from China and other parts of the world. In the latest numbers, a record 24.8 million container loads passed through the Singapore port last year. And to top it all, numbers for fuel sales and ship calls also hit record highs. 2006 was a bumper year...
The spotlight is starting to turn on mass market residential properties. Following record prices set by the high-end sector recently, developers are seeing good response to new launches at the mass market end, and if recent soft launches are anything to go by, the units are seen being snapped up in no time. Blossoms @ Woodleigh was launched last weekend, and already some 100 of the 240 units on sale...
While its efforts to attract foreigners here are bearing fruit, the Government needs to apply the same acumen to making sure they fit in once they land on our shores. To do so, it needs to stop viewing them in terms of purely dollars and cents — that is, offering them only economic opportunities. "We need to look at integration policies, which are as complex as our immigration policies … What we...
Tucked away in the alluring ambience of one of the most prestigious neigbourhoods, Orange Grove Residences is the perfect enclave for the ones who value an exclusive retreat above all. You will find yourself the ideal escape from the pressures of the everyday. From the signature lush greenery to the serene waterscapes, here lies a picture of calm and simplicity. It promotes the idea of an abode where...