Vivace , a haven for contemporary living , offers a selection of trendy apartments with a choice of 1-bedroom/studio, 2-bedroom and penthouse units. The development sits on beautifully landscaped grounds lined with soothing water features and spa pools. To reflect the urban lifestyle, the building adopts the concept of Vivace - a movement of a lively mood in music. The facade and running patterns are...

Ascott Residence Trust (Ascott Reit) achieved a unitholders' distribution of S$15.86 million for the third quarter of 2008. This is a 32 per cent increase compared to the same period in 2007. In a statement, Ascott says distribution per unit (DPU) for the quarter ended September 30, 2008, is 2.61 cents, a 31 per cent year-on-year increase. Ascott Reit posted strong operating performance for the third...

High costs spur CapitaMall Trust to shelve expansion plans THE manager of mainboard-listed CapitaMall Trust (CMT) said it will shelve expansion plans for three of its malls due to high construction costs and the competitive environment for resources currently. CapitaMall Trust Management said CMT had planned to add office space and expand the amount of retail space at Funan DigitaLife Mall (Funan);...

CLIMATE change is not the only reason why Singapore is taking a serious interest in sustainable development. The current economic crisis presents a number of challenges - or provides the impetus, some would say - for Singapore's building industry to not only cut cost but also come up with innovative and green-friendly construction practices. To get builders to reduce the impact of building works on the...

WE REFER to the report, "Rental scams on the rise here" (Oct 13). It is important for the public - who may be potential tenants, buyers, landlords and/or sellers - to be aware of their rights and to do as much due diligence checks before entering into any contracts or handing over monies. We strongly advise the public to engage or work with accredited agents and salespersons under the Singapore...

The Urban Redevelopment Authority rejected the only bid for a transitional office site at Mohamed Sultan Road. The offer price of about S$4.65 million for the site, or about S$502 per square metre of gross floor area, was considered too low. The approximately 6,000 square metre land parcel was offered for sale on a 15-year lease. Transitional office sites were released in response to the shortage of...

The Mezzo (former Ruby Plaza) is located along the main thoroughfare of Balestier Road, in the Novena Planning Area, and is a mere ten-minute drive to the Central Business District and the prime Orchard Road shopping district. It is also close to prime schools and amenities including the Novena MRT station. Location: 205  Balestier Road (District 12) Tenure: Freehold Site Area: approx 3819sqm Year of...

Domestic construction demand is expected to reach close to S$30b this year compared to S$17b in 2006. But National Development Minister Mah Bow Tan warned the industry is expected to see a slowdown with the current economic situation. Mr Mah was speaking at the Singapore Contractors Association's 71st Annual Dinner. He said that if the need arises, the government will restart some of the deferred public...

K-REIT Asia has booked a distributable income of S$40.8 million for the first nine months of the year. That is almost triple compared to same period in 2007. This works out a distribution per unit of 6.28 cents per unit. Net property income climbed 31 per cent year-on-year to hit S$27.8 million, with a distribution yield of 8.72 per cent. The jump was due largely to its acquisition of a one-third...

Singapore's commercial property sector may see a lot more downside, says Chor Hoon Chua, senior research director at DTZ. She tells CNBC's Martin Soong that commercial property rentals can fall as much as 60% over the next two to three...