Road above Circle Line construction site caves in

Road above Circle Line construction site caves in
 
SINGAPORE: A section of the road above a Circle Line construction site near Holland Road caved in on Saturday morning, creating a massive hole.
 
The hole, directly in front of two private houses along Cornwall Gardens Road, measured 8 by 7 metres and is 3 metres deep.
 
No [...]

Growth looks on track despite hike in inflation forecast

Growth looks on track despite hike in inflation forecast
Govt raises 2008 inflation estimate to 5-6%
 
By ANNA TEO
 
(SINGAPORE) Inflation has hit 7.5 per cent and may average 6 per cent for the year, but economists believe the rising prices will not derail Singapore’s growth.
 
The government yesterday raised its forecast for 2008 consumer price inflation by [...]

Resale of homes dips to a new low

Resale of homes dips to a new low
 
Sales of previously owned homes in the US fell in April, matching a record low and signalling no let-up in the housing recession.
 
Purchases declined one per cent to a higher than forecast annual rate of 4.89 million from 4.94 million in March, the National Association of Realtors said [...]

Bukit Sembawang profit soars to $74.87m

Bukit Sembawang profit soars to $74.87m
 
BUKIT Sembawang Estates has recorded a net profit of $74.87 million for the year ended March 31, up 124 per cent over $33.42 million a year ago.
 
Turnover for the property developer came to $75.6 million, up 30.4 per cent over $57.97 million previously.
 
The substantial increase in profit for the year [...]

New office space will be snapped up: Mah

New office space will be snapped up: Mah
 
DON’T worry. The looming flood of new office space will be snapped up so Singapore won’t suffer from over-supply, says National Development Minister Mah Bow Tan.
 
“We take a medium-to-long term view of projections,” said Mr Mah. “All the supply will be taken up.”
 
As much as 10 million square [...]

Live, Work, Play at a neighbourhood near you

Live, Work, Play at a neighbourhood near you
 
With Draft Master Plan, ambitious concept is taken further afield to Kallang and Paya Lebar
 
By ARTHUR SIM
 
(SINGAPORE) The Urban and Redevelopment Authority’s (URA) Live, Work and Play mantra has been so successful in the Downtown Core precinct – as evidenced by the rapid development of [...]

Plot ratio increases not needed for now

Plot ratio increases not needed for now
 
THERE are no major plot ratio revisions in the latest Draft Master Plan because there is no need.
 
Speaking on the sidelines of the launch of the Draft Master Plan (MP) 2008 exhibition, Minister for National Development Mah Bow Tan said yesterday the intensity of plot ratios has to [...]

Spotlight falls on Paya Lebar Central as suburban star

Spotlight falls on Paya Lebar Central as suburban star
 
By EMILYN YAP
 
PAYA Lebar Central is set to become the next suburban commercial hub under the Urban Redevelopment Authority’s (URA) Draft Master Plan. And if market observers are right, the area may emerge as the newest hot spot for backroom operations and small and medium [...]

Kallang to be turned into a lifestyle hub

Kallang to be turned into a lifestyle hub
 
Called Kallang Riverside, it will have new homes, hotels and offices
 
By EMILYN YAP AND ARTHUR SIM
 
THE spotlight has turned from Marina Bay to the greater surrounding district, as the Urban Redevelopment Authority (URA) lays out plans to turn Kallang into the next waterfront lifestyle precinct.
 
Called [...]

Property prices expected to moderate

Property prices expected to moderate
 
THE Singapore property market has peaked and prices can be expected to moderate in the next two years, the Government said yesterday.
 
Prices had surged in the past two years because of a supply-demand imbalance, said Mr Ravi Menon, the Second Permanent Secretary of the Ministry of Trade and Industry.
 
‘The [...]