BCA conferred 151 green building awards
The Building and Construction Authority (BCA) bestowed 151 awards on sustainable design yesterday at an annual ceremony held at Suntec City.Grace Fu, Senior Minister of State for National Development said the figure was a manifestation of the efforts of the construction industry to improve...
Continue Reading • 12 Oct 2009
Keppel receives another five Green Mark awards
Keppel Land, the residential and commercial property arm of Keppel Group, received five Green Mark for Buildings awards from the Building and Construction Authority.The second phase of the Marina Bay Financial Centre won a Gold Plus award, while the Avenue Residences, Marina Bay Suites, Sixth...
Continue Reading • 12 Oct 2009
Building sector recommends two new growth areas
At the annual award ceremony of the Building and Construction Authority (BCA), Senior Minister of State for National Development and Education Grace Fu urged the construction industry to explore two new growth areas: complex civil engineering works and sustainable development.Fu believed that the...
Continue Reading • 12 Oct 2009
Mall owners embrace modern retail economy
The latest analyst survey of the Monetary Authority of Singapore (MAS) showed a positive sign for the Singapore economy in all its sectors, excluding hospitality and retail. The disappointing figures for retail were predicted to drop by 11.7 percent for Q3 compared to Q2. The figures were...
Continue Reading • 12 Oct 2009
Ferrell: RiverGate’s 80 units available
The RiverGate estate condominium in Robertson Quay has now 80 apartments, a project by one of Indonesia’s Lippo Group’s investors, Ferrell Asset Management. An exclusive sneak peek was initiated a few days back. The joint developers of this 545-unit villa, CapitaLand and Hwa Hong...
Continue Reading • 12 Oct 2009
BCA awards environmentally aware developers
The Building and Construction Authority or BCA will be sponsoring a commencement: Green and Gracious Builder’s Award. This award seeks to bring out the environmental awareness of developers when they are constructing their projects.To earn such prestigious award, they should have achieved...
Continue Reading • 12 Oct 2009
Battle for Gilman Heights finally over
Ankerite Pte Ltd, CapitaLand’s auxiliary, has finally purchased Gilman Heights Condominium at $548 million. It will be redesigned by Anekrite to consist of 1,000 apartments. Speculations have been formed when the developer did not reach the preceding deadline of May 15. Even so, lawyers of...
Continue Reading • 12 Oct 2009
Mall Owners need to help reduce rent
Rentals have increased to about 10% in 2007, 12% in 2008 and 15% this year.The current financial reports of FJ Benjamin somewhat reflects the current situation of the retail industry, thus mall owners should find this the right time to cut rents to ensure survival.Even after its struggle with...
Continue Reading • 12 Oct 2009
Shares increase as traders wager on
In response to the report of Alcoa on its encouraging earnings in the third quarter after the closing of the US market on Wednesday, traders decided to bet on Thursday on Wall Street rising by pushing the prices of stock upward.The basis of this analysis was on the strong performance of the US...
Continue Reading • 9 Oct 2009
Land sales by government affect developers
Recently, the Singapore government has released lands for sale in the property market, even though there is still plenty of supply in that market. The move has affected the property investors in the country.A 223, 303 sq. ft. plot of 99 years lease hold was released by the government. The said...
Continue Reading • 7 Oct 2009
CapitaLand Ltd basking in beneficial spin-off
The shares of CapitaLand Limited climbed by as much as 4.9 percent Tuesday driven by news that the real estate company will be spinning off its retail portfolio worth $20.3 billion into a separate SGX-listed entity.CapitaLand’s shares rose after analyst reports said that spin-off was...
Continue Reading • 7 Oct 2009
CapitaLand to have unit listed with SGX
CapitaLand Limited, one of the largest real estate firms in Asia, intends to have its wholly-owned subsidiary, CapitaLand Retail Limited, listed on the Singapore Exchange (SGX).CapitaLand (SGX: C31), a property developer headquartered in Singapore, will channel its real estate investment trust...
Continue Reading • 6 Oct 2009
Refinance properties in Q4
The 2006-09 period has been quite a ride thus far. Property prices surged some time in 2006 until 2007, followed by the sub prime housing debt’s blow-up in ‘07. In ‘08, several near collapses of substantially sized financial institutions like Bear sterns, Lehman Brothers,...
Continue Reading • 5 Oct 2009
IMF - Slow recovery in global economy
With Asia as the leader, the world economy is quickly recovering than what is anticipated from the financial recession and crisis, stated yesterday by the IMF. However, it indicated the danger of the financial crisis growing in economies where the authorities heavily spent to stimulate growth,...
Continue Reading • 2 Oct 2009
Market capitalisation jumps in Q3
The stock market capitalisation of Singapore soared up 17.7 percent to $641.7 billion during the entire third quarter of 2009, which had ended yesterday, 30 September, from the recorded $545 billion at the end of the second quarter last June.When stock trading came to its end yesterday, the total...
Continue Reading • 1 Oct 2009
S-REIT’s outlook remains negative
In a latest special report, Fitch Ratings noted that most of the Singapore-listed real estate investment trusts (S-REITs), which are benefitted from the recent recovery of the share price, have refinanced all their maturing debt obligations for this year. However, there are still questions that...
Continue Reading • 30 Sept 2009
CapitaLand-linked entities gain full ownership
Linked units of CapitaLand have gained full control of China’s 22 Wal-Mart anchored malls under the deal of asset swap. The agreement on asset swap is between CapitaRetail China Development Fund II and CapitaRetail China Development Fund, and the SZITIC Commercial Property Co (SCP) in China...
Continue Reading • 30 Sept 2009
GIC rises after 20% fall
While the global equities and bonds markets dropped, the Government of Singapore Investment Corporation’s portfolio incurred a 20-plus-percent loss in terms of Singapore dollars at the end of the first quarter of 2009 as compared to the same period a year ago.GIC, which manages the foreign...
Continue Reading • 29 Sept 2009
STI falls due to cautious investors
The 33.57- point loss yesterday that was experienced by the Straits Times Index (STI) at 2,629.25 was due to the traders who were unsure on how the Wall Street would react regarding the slew of the economic numbers, which is scheduled to be released this coming week; some may not be a positive...
Continue Reading • 29 Sept 2009
Asian units improve versus greenback
The currencies of Asian nations ended generally higher vis-à-vis the US dollar last week as they were boosted by investors’ increasing appetite for risk brought about by indicators of global economic resurgence.Japanese yen: Japan's unit rallied to close at a 7-and-a-half-month high...
Continue Reading • 28 Sept 2009