Singapore
URA launches tender for two residential sites
The land parcels at West Coast Link/West Coast Crescent and Choa Chu Kang Road/Phoenix Road are launched for sale under the Confirmed List of the 1st Half 2011 Government Land Sales Programme.
URA launches tender for two residential sites
The land parcels at West Coast Link/West Coast Crescent and Choa Chu Kang Road/Phoenix Road are launched for sale under the Confirmed List of the 1st Half 2011 Government Land Sales Programme.
Manufacturing PMI surged 2.4 points in April 2011
The PMI grew more than expected to 52.5, after slipping for the last two consecutive months, said OCBC.
StarHub profit for 1Q11 virtually unaffected by drop in postpaid revenue
The telecom company reported a core profit of S$69.1mln for the quarter despite a 2.4% drop in mobile revenue.
CapitaCommercial paid 2.1mn units to management
CapitaCommercial Trust Management received a total of 2,128,929 at an issue price of $1.3937 per unit.
Standard Chartered Bank to offer Yuan deposits this year
EXCLUSIVE: The British bank plans to replicate in Singapore the success of its Hong Kong branch in offering Yuan (CNY) or Remninbi (RMB) deposit products amid rosy growth prospects for China and expectation of its currency revaluation.
SGX average daily trading volume rose 12% in April 2011
Futures & options average daily trading volume rose from 224,575 to 252,401.
Marriott to launch membership program in Asia with free internet access as benefit
The hotel chain's executive vice president Asia Pacific & Australia, Craig Smith, says this programme change is a great incentive for frequent travelers.
Stocks selling at a bargain as GE nears
Various developer stocks are currently trading at a sharper discount to their book value, or at a smaller premium than before.
Keppel FELS inks LOI for two US$400mln rigs
Gulf Drilling International has commissioned the company for the construction of two KFELS Mod VB Bigfoot jackup rigs.
Government raises income limit for BTO flats to S$10,000
Prime Minister Lee Hsien Loong indicated that couples who were about to exceed the current $8,000 ceiling may "get some relief".
43 strata-titled units up for sale
The units are sprawled across the fourth and sixth storeys in Singapore Shopping Centre which is located at 190 Clemenceau Avenue.
Industrial leases soar in 1Q11 despite rates increase
1Q11 average monthly rent for island-wide industrial properties rose 3.27% QoQ and 23.4% YoY to $1.58 psf, according to CBRE.
The Peak, Auralis preview this week and 7 more due in May
The “The Peak” at Cairnhill, a joint project by the TG Development and TEE Development and the “Auralis” at East Coast by the Sino Tac Holdings are the first new condominiums showcasing for the month of May.
Tuas Technology Park bags Hillview Avenue property
The company submitted the highest bid of $289.8 million for the commercial and residential site, said URA.
KKR in talks to buy Oceanus
The deal to privatise the abalone farmer is worth ~US$500mln (S$612.5mln), according to various sources.
Singapore hotel room rates to increase by up to 15% in 2011
The STB's target of 12 million to 12.5 million visitors is expected to be met this 2011, said CBRE.
ST Electronics to divest interest in subsidiary
ST Engineering's electronic arm entered into an agreement to sell its entire 51% equity interest in Brightspot Interactive Learning Pte Ltd (BSIL).
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