A host of factors to overcome first before parcel can be used IT MAY boast a waterfront view overlooking the upcoming Sentosa integrated resort, but don’t expect much interest from developers for the latest hotel site at Bukit Chermin released by the Urban Redevelopment Authority (URA). That’s the view shared by property analysts Today spoke to yesterday. “Investor sentiment is very weak now, so...
There are limits to what Govt can and should do, says Minister WHEN it comes to dealing with weak demand in the domestic property market, developers and officialdom may not exactly be on the same page right now. And it couldn’t have been more evident during last night’s 49th anniversary dinner of the Real Estate Developers’ Association of Singapore (Redas). Delivering his prepared speech as...
Occupancy costs in Middle East the fastest growing THIS is one ranking that Singapore would be happy not to climb: Cities with the fastest-growing rentals. According to a semi-annual survey of office markets worldwide, Singapore now ranks 13th in terms of posting the fastest-rising rents among 172 markets, slipping from No 3 position six months ago. Here, occupancy costs - which include expenses for...
A new S$1 million Retail Training and Employment Centre has been launched in conjunction with the upcoming mall at Orchard Road, 313@Somerset. 313@Somerset is being developed by Land Lease Retail Singapore. The project is the first major fully integrated retail development in Asia undertaken by the company. Lend Lease said the new centre is aimed at providing free retail training to the employees of...
The Singapore government will not introduce measures to stimulate demand or prop up prices artificially in the property sector. Speaking at an industry event on Wednesday, National Development Minister Mah Bow Tan said such efforts are not sustainable. However, the government will study suggestions by market players on how to help the property sector. Developers are feeling the heat from the economic...
Located in Singapore’s most desirable residential enclave, Ardmore 3 is an ultra luxury niche 36-storey development in Ardmore Park. This freehold address offers convenient access to the heart of Orchard Road, while remaining exclusive and retains all the privacy away from the hustle and bustle of the city. Location: Ardmore Park (District 10) Tenure: Freehold Year of Completion: 2014 Total Units:...
A new international school offering a US-based curriculum will open its doors at the former Upper Serangoon Secondary School in September 2009. Cognita, a leading education group from the United Kingdom, plans to set up the Stamford American International School at the vacant school building after the Singapore Economic Development Board and the Singapore Land Authority (SLA) gave its proposal the...
Italy's top animation studio Rainbow S.p.A has chosen Singapore as the location for its S$25 million global headquarters of its online gaming division. It will develop interactive games for children based on its successful animated television series, Winx Club. Rainbow says this will generate hundreds of jobs in Singapore's computer graphics and IT sectors, but did not provide exact figures. This is in...
The construction and upgrading of HDB flats will be a major project in the months ahead. The National Development Ministry said these are ongoing projects which will not be affected by the economy. Construction costs may have gone up but so has the demand for public housing. National Development Minister Mah Bow Tan said: “The mix of the new flats that we're building will change from the bigger flats...
Property developer City Developments Ltd (CDL) has been lauded for its Corporate Social Responsibility (CSR) practices. It clinched three awards at the Asian CSR Awards 2008. CDL is the only Singapore company to be recognised at the event. In a statement, CDL said its three CSR initiatives were selected for the awards, out of a total of 15 finalists across five categories. Among them was a campaign...