Daily Archives: January 16, 2014 (14 Articles Found)
CDL appoints new Deputy Chairman and CEO
City Developments Limited (CDL) has appointed its first CEO to lead the company in an increasingly competitive and rapidly changing business environment. Mr Grant L. Kelley, who is Australian, will assume the position from Feb 17, CDL said.…
PM Lee opens Lucasfilm’s Sandcrawler building
Film-making giant Lucasfilm Singapore opened its new regional headquarters building at Fusionopolis View this morning, as its president Kathleen Kennedy noted Singapore’s rapid progress in the digital media space. Gracing the opening, together with filmmaking legend George Lucas,…
Condo has right to charge for parking
STB ruled in a test case yesterday that a condominium management council had the right to charge parking fees for second and subsequent vehicles of residents under a by-law passed at a GM. Some 20 home owners at…
Koh Bros, Heeton clinch Westwood EC site
A JV between real-estate developers Koh Brothers Group and Heeton Holdings has clinched the mandate to develop an EC site in Westwood Ave in Jurong West. Specifics about the shareholdings in the joint venture have yet to be…
Avant Parc stands out as only launch in Dec
Avant Parc has the distinction of being the only new private property project to launch in Dec 2013, according to analyst reports on the latest URA figures. Located along Wak Hassan Place in Sembawang, Avant Parc is a…
Major price correction unlikely says DTZ
After the government’s TDSR framework was implemented in June 2013, fewer property launches and private home sales were seen in the months that followed compared to any other period in the past three years, according to information compiled…
Mediapolis progresses with Hollywood ambitions
A piece of Hollywood has been in Singapore for the last year and is set to grow. Infinite Studios at Mediapolis formally threw its doors open yesterday, revealing two of Singapore’s largest soundstages and a cluster of tenants…
Vopak-led group to run 1st phase of Jurong Rock Cavern
After a vigorous two-stage selection process which took as many years, a Vopak-led consortium has won a 15-year deal, worth about $200 million, from JTC to run the $890 million first phase of the Jurong Rock Cavern (JRC).…
DTZ: MRT network eroding prime offices’ premium
With the expansion of the MRT network here improving accessibility across the island, the rental differences between prime office and decentralised office space are expected to continue narrowing. As at the fourth quarter last year, gross average office…
New home sales fall to lowest level in 5 years
Sales of new homes plunged to their lowest level in five years last month as cooling measures and economic uncertainty hit the market. Developers released fewer units in the wake of growing resistance from buyers, who are becoming…
Police: Beware of rental scams after at least 16 cases in 2nd half of 2013
The police have warned the public to be wary of online rental scams, after they arrested a 28-year-old man who allegedly cheated potential tenants of close to $10,000. He collected rental deposits for a place near Hougang Ave…
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