Daily Archives: January 16, 2014 (14 Articles Found)

Archives
  • Daily Archives

  •   16
    M T W T F S S
     12345
    6789101112
    13141516171819
    20212223242526
    2728293031  
    APPLY

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…

According to Barclays, while Dec is usually a weak month, given the festivities, sentiment was poorer in 2013 after the TDSR rules in June. Developers launched only 118 units (-92% m/m). With no new condo launches, sporadic sales…

2014 home sales could go as low as 12,000 units, if Singapore’s cooling policies stay in place according to Barclays. Singapore’s home sales closed the year in a disappointing note, tumbling 80% m/m to just 259 units in…

OEL to splurge $53.9m on acquisition of two property firms in Singapore. It has entered into a conditional and binding Heads of Agreement with Corporate Space Pte. Ltd. and its ultimate holding company Heng Fai Enterprises Limited, for…

Sign In to Bookmark This Story

Sign In with Google