Workers Dormitories

Morgan Stanley eyes investment potential in foreign workers dorms

Singapore's real estate market has been hit by the global economic slowdown. But financial institution Morgan Stanley believes it has found a prime opportunity in the form of dormitories for foreign workers. The bank's real estate arm manages a fund that holds a majority share in Avery Strategic Investments which owns and operates four dormitories here. They are the Kian Teck Dorm, Woodlands Dorm,...

Live and let live

Residents react, as 10 new sites for temporary housing unveiled AS THE Government unveiled 10 more sites for temporary foreign worker accommodation, some lessons appear to have hit home for residents, their representatives and policymakers alike from the Serangoon Gardens episode two months ago. In the Serangoon Gardens case, homeowners tipped off before any official announcement had opposed the idea...

Foreign construction workers need more than just basic housing

National Development Minister Mah Bow Tan said the number of foreign construction workers in Singapore has gone up, and they would need more than just basic housing. "Because the numbers are so large, we also need to look into purpose-built facilities for them. For example, the foreign workers dormitories. We cannot just build housing for them without looking at all the other facilities like sports and...

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