US Q1 commercial real estate activity fall

US Q1 commercial real estate activity fall
 
US commercial real estate activity fell during the first three months of this year and will likely continue on this track, a real estate trade group said on Wednesday.
 
The National Association of Realtors’ leading commercial real estate index fell 0.7 per cent, the third straight quarterly decline.
 
‘The moderate erosion [...]

Banyan Tree signs contract for Angsana Resort & Spa in the Carribean

Banyan Tree signs contract for Angsana Resort & Spa in the Carribean
 
Mainboard-listed Banyan Tree Holdings has signed a management contract for an Angsana Resort & Spa in the island of Saint Lucia in the Caribbean.
 
Banyan Tree said the Angsana Resort & Spa Saint Lucia is the group’s fourth foray into the Caribbean.
 
Angsana Saint Lucia is [...]

Genting says Singapore casino costs under control

Genting says Singapore casino costs under control 
 
KUALA LUMPUR - MALAYSIAN casino operator Genting does not expect further cost over-runs for a casino it is building on Singapore’s resort island of Sentosa, the company’s chief executive said.
Resorts World at Sentosa Pte Ltd, a wholly owned unit of the Singapore-listed arm, Genting International , is [...]

Moves to crank up night-time buzz

Moves to crank up night-time buzz 
 
FORGET rushing home after work to watch television or sleep early.
Singapore’s urban planners want you to stay out late more and take in the city’s buzz after dark, when the weather is cooler.
 
The effort to cultivate more night owls islandwide starts with Singapore’s first Night Festival in [...]

LaSalle-SIA ‘glass gem’ bags top building award

LaSalle-SIA ‘glass gem’ bags top building award 
 
It scoops Building of the Year title handed out by Singapore Institute of Architects
By Jessica Lim 
 
THE new LaSalle-SIA campus complex, a striking array of glass and stone facades linked by bridges, scooped top honours at the Singapore Institute of Architects (SIA) awards ceremony on Wednesday night. [...]

Plans to up countryside charm in two areas

Plans to up countryside charm in two areas 
 
Lim Chu Kang, Kranji to be developed into ‘weekend refuge’, with farm stays and spas
By Lim Wei Chean 
 
FANS of the lush farms in Lim Chu Kang and the serenity of Kranji’s Sungei Buloh Nature Reserve can look forward to more outdoor activities in Singapore’s small [...]

URA unveils new island-wide leisure plan

URA unveils new island-wide leisure plan 
 
A NEW island-wide leisure plan that showcases a diverse range of leisure opportunities for all to enjoy, from vibrant and exciting activities to the quiet retreats, was unveiled by National Development Minister Mah Bow Tan on Wednesday night.
Besides new green spaces, the Leisure Plan presents a whole host [...]

UBS sells subprime, Alt-A debts to Blackrock

UBS sells subprime, Alt-A debts to Blackrock 
 
ZURICH - SWISS banking giant UBS said on Wednesday it had completed the sale of 15 billion dollars (S$20.5 billion) of subprime and Alt-A US residential mortgage-backed securities to a fund managed by BlackRock.
‘Risk reduction remains a critical part of our ongoing financial restructuring and this sale [...]

BERG Propulsion opens new facility in Tuas

BERG Propulsion opens new facility in Tuas
 
SINGAPORE : Swedish company BERG Propulsion has opened a new manufacturing facility - its first outside Sweden - in Singapore.
 
Located at Tuas, the new plant will manufacture controllable pitch propellers (CPP) for the maritime and offshore industry.
 
CPP systems give highest propulsive efficiency for most types of ships [...]

No bids received for Race Course Rd/ Bukit Timah Rd hotel site

No bids received for Race Course Rd/ Bukit Timah Rd hotel site
 
SINGAPORE : The Urban Redevelopment Authority (URA) has said it did not receive any bids for the hotel site at Race Course Road/Bukit Timah Road when the tender closed at noon on Wednesday.
 
URA added that it will announce its plans for the site [...]