ARA Asset Management reports 137% jump in Q1 earnings to S$9.2m

ARA Asset Management reports 137% jump in Q1 earnings to S$9.2m
 
SINGAPORE : ARA Asset Management has posted first-quarter earnings of S$9.2 million, up 137 percent from a year ago.
 
Revenue more than doubled to S$17.5 million.
 
The growth was mainly due to higher management fees from its REIT portfolio, as well as higher net property [...]

Allco REIT appoints sales managers for Australian properties

Allco REIT appoints sales managers for Australian properties
 
SINGAPORE : Allco REIT has appointed sales agents for its properties in Australia.
 
The properties are Central Park in Perth and Centrelink Headquarters in Canberra. Together, they are valued at around A$483 million or S$624 million.
 
CB Richard Ellis and Jones Lang LaSalle (JLL) will sell Allco’s 50 [...]

Merrill CEO is ‘bullish on the world’

Merrill CEO is ‘bullish on the world’
 
JOHN Thain, the chief executive officer of brokerage and investment banking giant Merrill Lynch, talks to BT’s associate editor Vikram Khanna about the crisis on Wall Street, the changes at Merrill and its prospects looking forward.
 
Q: Warren Buffett says the worst of the crisis on Wall Street is over. [...]

SHE ALSO SLEEPS IN DIRTY FACTORY

LITTLE GIRL PLAYS IN DIRTY FACTORY
 
SHE ALSO SLEEPS IN DIRTY FACTORY
 
HDB investigating feedback that tenants of two units at Tampines industrial estate are living there
 
TO the children, it’s home.
 
By Desmond Ng
 
 
07 May 2008
 
TO the children, it’s home.
 
They have pet dogs and toys and leave for school from there.
 
After school, they head back there.
 
But home [...]

S’pore ousting HK as top millionaire hub

S’pore ousting HK as top millionaire hub
 
China seen to be 3rd richest country by 2017: study
 
By NISHA RAMCHANDANI
 
(SINGAPORE) Singapore is expected to pull ahead of Hong Kong as home to the highest concentration of millionaires over the next decade, sealing its reputation as a wealth centre not just in Asia but worldwide.
 
And [...]

Govt has arsenal to counter US-driven slowdown: PM Lee

Govt has arsenal to counter US-driven slowdown: PM Lee
 
In a crunch, it can pump-prime the economy and give targeted assistance
 
By CONRAD TAN
 
(SINGAPORE) Singapore is prepared to face any economic scenario that emerges from the current uncertain climate, including a prolonged downturn in the United States, said Prime Minister Lee Hsien Loong yesterday.
 
One [...]

$20m plan aims to boost solar tech in new buildings

$20m plan aims to boost solar tech in new buildings
 
By CHEN HUIFEN
 
THE Economic Development Board has launched a $20 million solar capability scheme to help the private sector become more environmentally friendly.
 
Announced at the Semicon Singapore show yesterday, the scheme aims to encourage companies to install solar technology in new building projects. It [...]

Beach Rd building sold for $70m

Beach Rd building sold for $70m
 
Hirsch Bedner and Irish private equity firm turning asset into boutique offices
 
By KALPANA RASHIWALA
 
AN Irish private equity firm and renowned international interior design firm Hirsch Bedner Associates have bought 700 Beach Road, currently a small office, home office development named In-City Lofts, for a total $70 million.
 
The [...]

Sun Venture awarded Scotts Road site

Sun Venture awarded Scotts Road site
 
It bid $32.99m or $226 psf ppr for the office site
 
By ARTHUR SIM
 
DB&B subsidiary Sun Venture Investments has been awarded a transitional office site at Scotts Road after emerging as the highest bidder last week.
 
Its bid of $32.99 million or $226 per square foot per plot [...]

Conduct poll before forming an en bloc committee

Conduct poll before forming an en bloc committee
 
Wednesday • May 7, 2008
 
Letter from David Soh Poh Huat
 
IT IS interesting the fact that en bloc unhappiness still prevails despite last year’s new rulings.
 
Maybe it is time the guidelines are further tweaked to follow those of the Housing and Development Board’s Lift Upgrading System.
 
Before any en bloc [...]