Opera Gallery remained shut on Monday, one day after a stand-off with its landlord, Toshin Development, which has the master lease at Ngee Ann City. On Sunday morning, security guards from Toshin had sealed off the premises and tried to move the artworks worth US$20 million to vacate the unit for a new tenant. It was not because Opera Gallery did not pay its rent, but according to Toshin, it has a new...

Food and property group Yeo Hiap Seng said it expects to report a loss for its fiscal fourth quarter, the three months to December. It said this is due to a decrease in the value of its properties and some of its financial assets. The company is due to release its financial results for the fourth quarter and full year at the end of this month. Source : Channel NewsAsia - 2 Feb...

As companies around the world retrench staff and downsize during the current downturn, many are turning to alternatives like virtual and serviced offices. Within Asia, companies in Singapore are leading the way in this trend. Their take-up rate for such services has grown by up to 20 per cent in the last quarter compared to the same period in 2007. For example, one chiropractor has opted for a temporary...

Living close to the city puts the world at your feet. Woodsville 28 is designed to provide you with an idea urban home for a complete modern lifestyle. Convenient in its prime location, comprehensive in its facilities, the joy of living a stone's throw from the city is truly heartening. With the MRT at your doorstep, you can easily access almost any destination to enjoy a world of amenities - all in a...

A rental dispute turned ugly at Ngee Ann City on Sunday morning. Security was called in to the Opera Gallery - one of the tenants there - to seal off the premises which houses over S$20 million worth of art. The Opera Gallery had brought in dramatic street art during the F1 race last September. And now it is caught in some drama itself. Its landlords at Ngee Ann City ordered security to seal off the...

Here's good news if you are looking for a place to rent. Property developers are renting out en bloc units at half the usual price. Many new property projects have been put on hold due to the economic uncertainty. In the meantime, developers are renting out the existing units, acquired over the last two years, to cover their costs. Mark Teo, ERA's senior group division director (real estate), said:...

Waterfront Waves is designed to merge as one with the picturesque Bedok Reservoir & Park. With unprecedented proximity to the reservoir, you can look forward to commanding vistas of shimmering waters from your home. This is truly a luxury many may desire, but only few will ever own. The calm waters of Bedok Reservoir are the perfect arena for a whole host of water sports & activities. Brace your...

Caspian Condominium is located at Lakeside Drive along Boon Lay Way. It is approximately 5 minutes walk from Lakeside MRT Station (EW26) and only one MRT station from major regional mall such as Jurong Point which is right next to Boon Lay MRT Station (EW27). Caspian is two MRT stations away from Jurong East MRT Interchange (EW24/NS1) where IMM shopping Mall is just nearby. It is also close to educational...

Starhill Global Real Estate Investment Trust will pay 1.85 Singapore cents per unit for the fourth quarter of 2008. This is 10.1 per cent higher than the same period a year ago. For the three months to December last year, Starhill Global REIT had distributable income of S$18.1 million. The Trust says its net property income over the period was 17.1 per cent higher at S$26.0 million. This is due mainly...

CDL Hospitality Trusts will pay unitholders 1.8 cents per stapled security for the fourth quarter ending December 31, 2008. This is about 34 per cent lower than the same period in 2007. But the full-year distribution per unit is up by 18 per cent to 10.62 cents in 2008, compared with a year ago. The Trust said its net property income rose nearly 20 per cent on-year to S$102.8 million. Gross revenues...