A TECH unicorn with about 100 staff will take up space at a new co-working office in Singapore's Central Business District area in early 2017. The Working Capitol said on Monday it would offer about 55,000 square feet across 11 floors at 140 Robinson Road to businesses across various industries. It said initial members of The Working Capitol on Robinson Road include a fintech (financial technology) lab...
The vast majority of overseas companies that own property in London, including many used by individuals to help disguise their ownership, are registered in tax havens, according to a report by Transparency International UK and Thomson Reuters. Just over 90 per cent of the 23,653 overseas companies owning 44,022 land titles in London were registered in places such as the British Virgin islands, Jersey,...
SMALL and medium enterprises (SMEs) in Singapore will soon find it easier to break into China. International Enterprise Singapore (IE Singapore), CapitaLand and UrWork signed a memorandum of understanding (MOU) on Friday to facilitate this amid the growing trend of the sharing economy. This tripartite agreement, the first-of-its-kind among a trade agency, Asia's largest real estate company...
SPH Reit, a real estate investment trust sponsored by media group Singapore Press Holdings (SPH), is interested in adding The Seletar Mall to its portfolio, but time and price are two determining factors. The Reit's chairman Leong Horn Kee shared this on Friday in response to questions from shareholders who wondered if the Reit would purchase The Seletar Mall as it looked to grow the business....
Sales of new condominiums surged to a 15-month high last month as buyers snapped up units at two newly launched developments. Property developers sold 1,252 new private homes in October, more than double the 509 sold the previous month and the highest since July 2015, when 1,655 units were sold. ADVERTISING inRead invented by Teads More than half of the units sold in October were from two new...
The Fresh Start Housing Scheme - which aims to help second-timer families in rental flats buy a home - on Thursday (Dec 1) opened for applications, the Ministry of National Development (MND) and the Housing Development Board (HDB) announced in a joint media release. Under the scheme, families who qualify will be able to by a new 2-room Flexi flat. The flats will come with shorter leases, ranging from...
Amid a slowing rental market, all HDB flat owners will pay lower or no property tax next year, according to figures released by the Inland Revenue Authority of Singapore (IRAS) on Monday (Nov 28). Flat owners will see tax savings of between 13.1 and 51 per cent for 2017, with three-room flats getting the biggest cuts. One- and two-room flat owners, as well as some three-room flat owners, will continue...
Retail space is filling up at Bukit Panjang’s upcoming shopping centre called Hillion Mall, announced Sim Lian Group on Friday (Nov 25). It said in a press release that 90 percent of the approximately 174,730 sq ft of lettable area has been taken up by about 100 retail as well as food and beverage (F&B) tenants. There are five anchor tenants - NTUC FairPrice, PCF Sparkletots Preschool, Amore...
Serviced residence operator Ascott has unveiled its newest accommodation concept, Lyf, which is "designed for and managed by millennials who wish to experience destinations as locals do", it announced on Thursday (Nov 24). In a press release, Ascott said the properties will be designed to facilitate interaction between guests, with communal spaces and co-working areas that can be easily transformed...
The Housing and Development Board (HDB) on Saturday (Nov 19) enhanced its Cool Ideas Fund to provide more financial support for inventors seeking to improve living environment for public housing. In the past, applicants had to match dollar for dollar the funding disbursed, up to S$10,000. This is no longer a requirement as they can just apply for a grant of up to $10,000 to turn their ideas into...