Daily Archives: September 17, 2019 (18 Articles Found)

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High Court declines to order HDB flat sale of man who got $2m from doctor with dementia

A construction worker, who was given $2 million by a retired doctor with dementia, used about $330,000 of the money to pay for an HDB flat. Despite finding that Mr Kulandaivelu Malayaperumal should return the money which had…

Data centre expansion to drive Mapletree Industrial Trust’s economic resiliency

Mapletree Industrial Trust’s (MIT) investment strategy to expand data centre assets beyond Singapore and reposition its portfolio towards the high-tech building segment will help it weather macroeconomic headwinds in the long run, UOB Kay Hian noted in a…

Yio Chu Kang: A mix of exclusive and down-to-earth housing

Yio Chu Kang is a sub-zone within the Ang Mo Kio planning area. It has a blend of HDB heartland with well-loved amenities, landed housing, and condos, and a paradox of both exclusive and down-to-earth housing. However, in…

Singapore real estate fund manager ARA eyes listing in 2-3 years

Warburg Pincus-backed ARA Asset Mgmt, one of the largest Asian real estate fund managers, is exploring a dual stock market listing, including one in Singapore, in the next two to three years, group CEO and co-founder John Lim…

Singapore gets two 3 Michelin-starred restaurants for the first time

Two restaurants here have been awarded three Michelin stars each this year, the first time more than one eatery in Singapore has garnered the highest award from the prestigious food guide. Both are French restaurants — Odette at…

Transforming the way we build at Singapore’s inaugural International Built Environment Week

The inaugural IBEW welcomed more than 12,000 overseas and local visitors to the first of its kind built environment event in the region. Themed “Transforming the Way We Build” — IBEW brings together the whole built environment value…

Three suspected PMD fires over the weekend worry residents

Calm turned to chaos in a Circuit Road block last Sat afternoon after an explosion rocked a seventh-storey flat. SCDF said it responded to a fire in a seventh-storey unit in Blk 85 Circuit Road at 3.35pm last…

CapitaLand receives international recognition for sustainability efforts

CapitaLand has been listed on Dow Jones Sustainability World Index and the Global Real Estate Sustainability Benchmark, receiving intl recognition for its sustainability efforts. The real estate developer is one of two Singapore companies on the DJSI World…

Co-working spaces in Singapore tripled since 2015 to 3.7m sqft: Colliers

Co-working workspaces now take up 3.7 million sqft in NLA of Singapore’s commercial space, tripling from 1.2 million sqft in 2015 to become one of the top six occupier sectors, said Colliers Intl. Its research projects that number…

1-Net North Data Centre sold for $200.2m

DataCentre One, a 51:49 JV company between Keppel Infrastructure Trust’s subsidiary CityDC and WDC Development, has sold 1-Net North Data Centre for $200.2 million. This comes after CityDC and WDC Development divested their respective interest in DataCentre One…

Chuan Park unit to be auctioned on 25 September

A residential unit at Chuan Park, which is located at 244 Lorong Chuan, is set to be put up for auction on 25 Sept, revealed ET&Co. Sold with vacant possession on an “as is where is” basis, the…

Garlick Avenue bungalow for sale at $16.5m

A detached single-storey bungalow at 72 Garlick Ave in District 10 has been put up for sale via EOI for $16.5 million, revealed Knight Frank. Nestled on the highest point of Garlick Ave, the freehold property sits on…

99 researcher: Rise of Singapore’s west region

From its origins as a sleepy region in Singapore, the western part of the country has since transformed into a vibrant lifestyle and commercial destination and more developments are in the pipeline. The Government had announced plans to…

A balanced approach to fare revisions: How much of the cost should commuters really bear?

The latest public transport fare adjustment exercise is in motion. While fare revisions are annual, routine affairs, this year’s exercise is somewhat different. Primarily, this has to do with a well-publicised preamble from various quarters, including Transport Minister…

Lendlease Group seeks to list Reit on SGX to raise S$1.03b

Sydney-headquartered Lendlease Group has lodged a prospectus to list a new Reit on SGX mainboard. About 387.5 million units of Lendlease Global Commercial Reit will be offered under IPO at S$0.88 per unit. The Reit’s manager, Lendlease Global…

Jumbo opens second Tsui Wah outlet in Singapore

Jumbo Group has opened its second Tsui Wah outlet in Singapore, located at The Heeren along the Orchard Road shopping belt. This comes on the back of the group’s opening of Singapore’s first Tsui Wah outlet in Clarke…

Singapore safe from typhoons? One struck just 50km off island

Think Singapore is immune to disasters? Researchers from NTU have found that the Republic had endured, in total, more than two dozen natural disasters and civil emergencies since World War II, and faced several near misses as well.…

Tiong Seng CEO Pek Lian Guan under CPIB probe

Pek Lian Guan, CEO and executive director of Tiong Seng Holdings, is being probed by CPIB in connection with certain staff loan transactions. In a filing to SGX on Sept 16, the company revealed that Pek, who has…

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