Property group Orchard Parade Holdings posted a 36.3 per cent increase in net profit to S$36 million for the nine months ended September as compared to last year. The improved performance was attributed to the group's hotel business which saw higher room rates. The company also saw lowered costs and improved contributions from associated companies. Revenue for the period slipped 18.3 per cent to S$54.4...
Nestled on an elevated site on Astrid Hill, at the edge of the Good Class Bungalow Area, Ventura Heights' prestigious location is hard to beat. A location that is treasured, regardless of market conditions, and a great place to live. Good schools such as Henry Park Primary, Nanyang Primary and the Hwa Chong Institution are within a stone's throw away, while supermarkets, shops and amenities abound in the...
VIPs including Minister Mentor Lee Kuan Yew had the chance to tour The Pinnacle@Duxton on Sunday, and they were impressed by what they saw. All seven blocks at The Pinnacle are linked by sky-bridges. On the top-most 50th storey is a sky garden with breathtaking views of the cityscape. HDB names it “The Contemplative Zone”. On the 26th storey, there is an 800-metre long jogging track as well as...
IN RECENT weeks, its top executives have been going around the region to raise funds - to stave off defaulting on its loans, a risk it admitted on Thursday amid doubt about the casino giant’s viability. As Las Vegas Sands’ (LVS) troubles fed whispers about the fate of its US$4.2-billion($6.3 billion) Marina Bay project here, chairman and chief executive Sheldon Adelson this week met with the Singapore...
Las Vegas Sands said it is committed to completing the development of the Marina Bay Sands integrated resort in Singapore. Concerns had been raised about the company's ability to finish the US$4 billion development after news broke out that it was struggling with a shortage of cash. In a statement on Friday, Sands said it met with the Singapore government this week and gave the assurance that it will see...
A case to restore deferred payment schemes during the recession?: What a difference a year makes. Just over 12 months ago, the economy and stock market were booming, prompting the Government to intervene to cool the heady property market. Out went deferred payment schemes for homebuyers. A year on, and the economy is in recession, with the stock market tanking. Scrapping deferred payment schemes was...
Minister reassures that public housing projects will proceed THERE is no need to fear that the economic slowdown will be felt in our public housing projects. Giving his reassurances last night in response to questions, National Development Minister Mah Bow Tan said: “There is no delay in our public housing programme, our building programme and in our upgrading programme. “We know there is demand...
Did land-sale changes come too late? IN A market where sentiment rules, the Urban Redevelopment Authority's (URA) recent changes to the land sales programme have quite naturally cheered up developers. But has the intervention, which included cancelling the ongoing tenders for two sites, come a little late, and does the nature of the changes hint at the authorities being caught off-guard by the sharp fall...
Parkway Life Real Estate Investment Trust (PREIT) said it will distribute 1.71 Singapore cents per unit for its third quarter. The total distribution of about S$10.3 million is some 10 per cent higher than forecast. The announcement came as the trust posted strong third quarter results for the year. Its total net property income came to some S$12.5 million, more than 15 per cent higher than...
Singapore is developing a new "Cleantech Park" in Jalan Bahar for clean technology research, prototyping and light manufacturing. It will be sited next to the Nanyang Technological University, in northwest Singapore. Deputy Prime Minister and Co-ordinating Minister for National Security, S Jayakumar, gave these details at the opening of the 2nd Singapore Energy Conference on Tuesday morning. The first...