Rewarding good workmanship

Rewarding good workmanship
 
A TOTAL of eight awards and four certificates of merit have been given out under this year’s Building and Construction Authority (BCA) Construction Excellence Awards, out of a total of 16 nominations.
 
The competition, introduced in 1986, principally recognises builders’ workmanship, focusing on downstream post-design implementation - specifically, project management, technical capability and quality [...]

Seeing green with Capitafrog

Seeing green with Capitafrog
 
CAPITALAND unveiled a green mascot called Capitafrog as it launched its Building a Greener Future programme at Raffles City on Thursday. The property group is looking at making the mascot into a soft toy and will unveil further green initiatives in the coming months.
 
To drive home the green message, some 100,000 green [...]

Reit market may see mergers, privatisations

Reit market may see mergers, privatisations
 
AS THE market for listed property trusts in Singapore matures, it is likely that some will merge or go private.
 
There has been ‘a lot of speculation’ that such movements will take place soon, said experts on real estate investment trusts (Reits) at a regional property conference this week.
 
There are ‘three [...]

World’s tallest condo in US…

World’s tallest condo in US…
 
…hit by pullout of many S’pore buyers
 
Two-thirds backed out after US sub-prime crisis took a turn for the worse
 
By Fiona Chan
 
LOCAL condominiums are not the only ones suffering from the recent sharp downturn in property market sentiment.
 
Two-thirds of Singapore buyers have backed out of their purchases of units in [...]

Regent Garden owners file appeal despite sale completion

Regent Garden owners file appeal despite sale completion
 
By Joyce Teo
 
ONE of Singapore’s most unusual collective sale disputes, over Regent Garden, is now headed for the Court of Appeal even though the sale was completed yesterday.
 
Last month, the High Court ruled that the $34 million sale of the West Coast Road condo to Allgreen [...]

Rising hotel rates scaring away tourists

Rising hotel rates scaring away tourists
 
THE rates which hotels are charging these days seem to be making it difficult for overseas clients and tourists to remain in Singapore for too long, let alone come here.
 
Rising costs and the strong Singapore dollar also make it less appealing for foreigners to shop here. If we don’t [...]

Regent Garden owners make en bloc appeal

Regent Garden owners make en bloc appeal
 
Weekend • May 17, 2008
 
Esther Fung
esther@mediacorp. com.sg
 
Should those who oppose an en bloc sale get more money for their flats than those who support it?
 
Disgruntled owners of homes in Regent Garden don’t seem to think so. They are going to the Court of Appeal, after property developer Allgreen offered [...]

Rental rate to fall 25%: Bank

Rental rate to fall 25%: Bank
 
Barclays Capital says market has peaked, rent to drop 5% this year and more in next 2 years
 
Weekend • May 17, 2008
 
Cheow Xin Yi
cheowxinyi@mediacor p.com.sg
 
Have home rentals peaked? With a looming rush of new supply, one bank is predicting that they could fall by as much as 25 per cent [...]

Developers face higher funding costs

Developers face higher funding costs
 
By CONRAD TAN
 
PROPERTY developers in Asia face a ‘double whammy’ of rising credit spreads on loans and banks lending less against the value of new projects, a senior Asian property fund manager said yesterday.
 
And the wider interest margins that banks have been demanding on loans since the start of [...]

Fears of US recession overblown: analyst

Fears of US recession overblown: analyst
 
By OH BOON PING
 
(SINGAPORE) The Federal Reserve is likely to cut interest rates by another 25 basis points, before pausing to monitor the key economic data in US, according to the National Australia Bank.
 
However, its group chief economist Alan Oster felt that fears of a major US recession [...]