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A-REIT gained profit of $307.6mn
This represents an appreciation of approximately 6.3 per cent, said A-REIT.
Singapore global visitors hit almost a million
International visitor arrivals (IVA) to Singapore registered 15.4% year-on-year growth in February 2011 to 990,000.
Singapore Exchange donates a whopping $300,000 to Japan
SGX staff and firm member donations, plus the total clearing fees received for trading the Nikkei products on 25 March comprised the collected amount.
Prime Orchard Road rents eased to $30.10psf
With a few major leasing deals concluded as well as the exit of an anchor tenant along Orchard Road, the retail leasing market gave mixed signals in 1Q11.
Sembcorp Marine wins 8 ship refit order from Canadian shipper
The signing of the contract commits Sembawang Shipyard to a long-term alliance contract with Teekay Marines.
Chinese buyers splurged more than $85mn on top end properties
Of the 54 units sold to date in 1Q 2011 for top end properties 31% of them were bought by Chinese, the largest among foreign buyers.
IDA acts on roaming phone bill shock by setting $100 monthly limit
Finally, Singaporean mobile customers can tell their operator enough is enough and limit their monthly data roaming fees to $100.
Ravi Menon named MAS Managing Director
Menon will be taking over from Heng Swee Keat, who will step down from the Administrative Service on 2 April 2011.
Bartley Road / Lorong How Sun residential site sold for $413.27mn
The site, which can house up to 620 high-rise condominiums, was offered for sale on a 99-year lease term.
Buangkok/Sengkang residential site released for tender
A residential site located at Buangkok Drive/Sengkang East Drive, in the east of Sengkang New Town, is available for tender.
Grade A rents smashed through $10 barrier
But CBRE warns that rental growth may be slowing as occupiers digest the significant expansion space taken up last year.
Non-prime regions capital values increased up to 2.5% in 1Q11
Central and East Coast regions are now at a record of $1,043 per sq ft, exceeding the previous high of $1,020 per sq ft achieved in 4Q10.
Lawrence Lua appointed as DBS private bank Head of SEA business
Lua, who will be based in Singapore, joins DBS private bank from Julius Baer where he was managing director and senior advisor.
3m visitors to Japan could be diverted to Singapore
Visitors from China and Korea are "low hanging fruits" for Singapore to tap as they are already top generating markets locally.
Chia Siew Chuin appointed as Colliers Research and Advisory Director
Ms Chia will take over from Ms Tay Huey Ying, who will assume the role of a Consultant to Colliers International.
Ang Mo Kio industrial site sold for $128.13mn
Sim Lian Development Pte Ltd placed the highest bid, while the second highest bid was $125.78 million submitted by Qinghe and Qingdao Construction.
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