Singapore

And HDB revealed that more than half of 2-room flexi flats are purchased by seniors.

Marina Bay saw the largest rental increase at 17.1%.

Stoffel will be responsible for the segment’s operations, quality, engineering and strategic growth.

These increases the number of their locations from six to eight.

Chinese New Year has come and gone, and Singapore is getting back to work after the festivities. Most executives in private companies and public organisations will have a long list of priorities from sales targets that they have to hit to company expansion and budgeting. Anything concerning poor quality data coming out of the Data Economy is unlikely to make that list. But given Singapore’s trajectory and ambitions to position itself as a global data and Artificial Intelligence (AI) leader, there are good reasons why we should push cleaning up the Data Economy higher on our list of priorities – otherwise we risk our position as a leading data hub.

It will be used to enhance and expand its creator network across major regions.

It will generate revenue in excess of $860m (THB20b).

Slower growth in electricity and gas prices outweighed higher services inflation.

The city saw US$650m in acquisitions across four deals in 2018.

It could yield about 362,747 sqft of retail/commercial space and some 241,831 sqft of residential units. Peace Centre / Peace Mansion (PCPM) in Sophia Road is up for sale at $688m, JLL revealed. The mixed development commercial site located in the prime district 9 houses 99 retail/commercial units, 133 offices, 86 apartments and a carpark with 162 lots, totalling 319 strata lots in a 10-storey front podium block and a rear 32-storey tower. Under the 2014 Master Plan, the property has a site area of 76,617 sqft site is zoned for ‘commercial’ use and has a verified gross plot ratio (GPR) of about 7.89. The property could also be redeveloped up to a height of 55 m above mean sea level. An outline planning permission (“OPP”) from the Urban Redevelopment Authority has been obtained recently to redevelop the site up to the existing Gross Floor Area (“GFA”) of approximately 604,578 sq ft at an equivalent GPR of 7.89 for a mixed commercial and residential project. Based on the OPP, a new development comprising of 60% commercial GFA and 40% residential GFA could yield about 362,747 sqft of retail/commercial space and some 241,831 sqft of residential units (or about 240 units at an average size of 1,000 sqft, subject to relevant authority’s approval). According to JLL, more than 80% of the owners have consented to the collective sale and are expecting offers in excess of $688 million. An application for an in-principle approval for the lease top up to a fresh 99 years has also been made to the Singapore Land Authority and a reply is expected to be obtained soon. JLL noted that there is also no requirement for a Pre-Application Feasibility Study for the site based on enquiry with the Land Transport Authority (LTA). “At the owners’ minimum price of $688m, it reflects a land rate of approximately $1,474 psf ppr, before factoring in bonus balcony plot ratio for the residential component,” Tan Hong Boon, Executive Director at JLL, said. “This compares very favorably with transacted land sales in the vicinity as well as several other commercial and mixed use collective sale sites on the market now.”

The bank’s SGD loan-to-deposit ratio remains the highest amongst its peers.

It includes repair and modernisation works on 13 cruise ships.

It features café-style meeting areas to allow teams to come together in less formal capacities.

This could help the telco which is facing a decline in its mobile customer base, marked by a 4.1% to 1.96 million in Q4.

Overall sales could hit 19,000-22,000 units.

Its India operations reversed from a $58m loss in FY17 to a profit of $47m in 2018.