Citigroup has come out to clarify that Singapore will not be significantly affected by the group's global layoffs. At a news briefing on Friday, it said that as far as Singapore is concerned, it expects the attrition rate to stay normal. No bonus cuts are expected and staff will still be paid salary increments. Citigroup said that overall, Asia including Singapore is positioned for good growth. Like...
The "Cool Dome" design, submitted by the Singapore Sports Hub consortium, will be Singapore's next iconic structure. Singapore Sports Hub Group's proposal The Singapore government on Saturday revealed the consortium as its preferred bidder for the Singapore Sports Hub project. The consortium beats two other bids. The winning team's strong programming line-up gave it the upper hand over their...
Asian economies face a challenging year in 2008 but as a group they are still expected to show growth of 10 to 12 percent. This is the forecast from HSBC in its latest report on the region. However, a recession in the US could knock off a few percentage points off Singapore's economic growth. With a US recession on the horizon and the US sub-prime mortgage crisis still taking its toll, HSBC is...
FUND managers across the world have turned “super-bearish” over the last month, abandoning hope that Europe and Asia can escape contagion from the United States housing crisis. A Merrill Lynch survey found that a fifth of big investors now expect an outright global recession, an occurrence not seen since the 1930s. Some think the world is already in recession. “The period of denial may be...
SINGAPORE has seen several ugly en bloc tussles but this is a first. The majority owners, having agreed to sell their condominium, are now suing the buyers. A group of 25 at the 31-unit Regent Garden is alleging that developer Allgreen Properties has breached the sale and purchase agreement by grossly undervaluing the condominium. The owners filed a claim last Monday with the High Court to declare that...
Sales previews for Marina Bay luxury condo to start end of this monthDESPITE worries of a global slowdown and a decline in sales of private property these few months, developers of the Marina Bay Suites are confident they will be able to attract enough buyers for this luxury condominium. Sales previews for these 221 units will start by the end of the month, and marketing agents said they have seen...
Set in the heart of the US$30 billion Marina bay, Asia's most exciting urban lifestyle hub, the 66- storey, 239-metre tall Marina Bay Suites sets new standards for exquisite luxury living in Marina Bay. Fortunate residents will enjoy dynamic city skyline vistas and exclusive views of the elegant Central Linear park. An oasis of peace and tranquility in the heart of the new Downtown, the Central Linear...
Artist Impression of the Entrance & Security Outpost @ Jardin Location : Jalan Anak Bukit / Dunearn Road • Former Yeo Hiap Seng Site; • Infront of Garden Vista - A 99yrs Leasehold currently sells @$1300/psf by the same developer- Far East Organization) • Within 1km from Methodist Girl’s School & Pei Hwa Presby Pri Sch • Cold Storage (King Albert Park) & NTUC (Bukit Timah...
Marina Bay Suites is seeing strong demand despite uncertainty in the market, according to its marketing agents. Both CB Richard Ellis and DTZ Debenham Tie Leung say they've received significant numbers of enquiries from both local and foreign buyers. What goes up may not necessarily come down, even in these uncertain times. Demand for these luxury apartment units overlooking Marina Bay seems almost...
Keppel Land has appointed Bellingham Marine Industries to design and build marinas on its waterfront properties in the region. The first is Marina at Keppel Bay, located within the Keppel Bay precinct. This will have floating berths that can accommodate 170 yachts of up to 250 feet. The berths will be built over two phases. The first phase will cost S$9 million and will have 75 berths. Keppel Land says...