Property 

Ageing buildings in Singapore’s business district get a lifeline

A scheme aimed at rejuvenating Singapore’s central business district by encouraging the conversion of older office buildings into mixed-use developments is to be rolled out.The incentive scheme, which applies to the areas around Anson Road, Cecil Street, Robinson Road, Shenton Way and Tanjong Pagar, will offer the buildings’ owners a higher plot ratio, meaning they can include more units in their new developments.“These buildings’ owners will be motivated to explore the possibilities of… Source link

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China 

Singapore’s sovereign wealth fund GIC and Chinese mall operator Grandjoy to kick off China’s first listed real estate trust

Singaporean sovereign wealth fund GIC and its long-term Chinese ally, the mall operator Grandjoy Holdings Group, have been selected for a pilot programme that will allow individual Chinese investors to buy shares in rent-yielding properties for the first time.Grandjoy, the property arm of state-owned conglomerate Cofco, was picked by the securities regulator as one of several firms to try China’s first publicly listed real estate investment trust (Reit), its chief financial officer, Xu Hanping,… Source link

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Singapore 

Singapore’s yearly waste weighs the same as 530,000 double-decker buses, and that’s not sustainable, Singapore News

Singapore generated 7.7 million tonnes of waste last year, equivalent to the weight of 530,000 double-decker buses. It is an amount that is not sustainable in the long run, said Minister for the Environment and Water Resources Masagos Zulkifli. In addition to reducing waste and moving towards a more sustainable consumption, adopting a circular economy approach in the way Singapore use its resources is key, he added. “Our vision is to turn our trash into treasure and reuse and recycle our resources for as long as possible,” said Mr Masagos,…

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Global 

Singapore’s central bank ends tightening cycle as growth slows amid cooling economy

Singapore’s central bank on Friday kept its monetary settings unchanged after two consecutive rounds of tightening, underscoring policymakers’ concerns about a cooling economy and rising risks to the outlook from slackening global demand.The Monetary Authority of Singapore (MAS), which manages policy through exchange rate settings rather than interest rates, said it would maintain the slope of the Singapore dollar’s policy band while keeping the width and level at which the band is centred… Source link

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Singapore 

8 things to know about changes to Singapore’s integrated resorts, Singapore News

SINGAPORE – Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) have committed $9 billion in investments to expand their integrated resorts (IRs). In a joint release by four Government ministries on Wednesday (April 3), several key developments – such as the first expansion to Universal Studios Singapore since its opening in 2010, and a fourth tower at MBS – were announced. Here are eight things to know about the changes to Singapore’s IRs. 1. INCREASE IN CASINO ENTRY LEVIES Singapore citizens and permanent residents (PRs) looking to enter the…

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Singapore 

From Crazy Rich Asians to a poor man’s Bali: the rise and fall (and rise) of Sentosa Cove, Singapore’s ‘Monte Carlo’, Singapore News

In Singapore’s exclusive Sentosa Cove residential enclave – touted as “the world’s most desired address” – the Cape Royale development stands out as one of the tallest buildings on the man-made island. The luxury condominium was one of the latest additions to the prestigious waterfront haven, boasting unparalleled views of the South China Sea. It even landed a cameo in last year’s Hollywood box-office hit Crazy Rich Asians . Beneath that shiny facade, though, there is another reality: not a single one of the 302 units at Cape Royale has…

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Singapore 

Singapore’s former economic tsar Philip Yeo on wooing talent and his Hong Kong ‘hit list’, Singapore, China News

Over two decades ago, when Singapore’s former economic tsar Philip Yeo was spearheading the city state’s biomedical push, he had a Hong Kong talent “hit list”. High on this list was world-renowned scientist Nancy Ip Yuk-yu, who is leading a landmark study in search for a cure for Alzheimer’s disease and is one of Hong Kong’s 36 deputies to the National People’s Congress. But Yeo’s plan to “kidnap” Ip was foiled by his former classmate from Harvard Business School, Hong Kong businesswoman Marjorie Yang Mun-tak. “I looked at Philip’s list…

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Singapore 

This video of Singapore’s breathtaking nightscape will make you go ‘wow’, Singapore News

Think Singapore’s a sleepy city once the sun sets? Think again. A hyperlapse video posted on Facebook is helping many see the Lion City in a new light.  It’s like a scene out of a sci-fi movie – tall buildings, bright lights, and bustling streets set against the darkness of the night. Titled ‘Overnight’, the footage shot from a drone shows the breathtaking nightscape of the downtown area and has garnered nearly 140,000 views since Feb 18. The man behind the video, Henry Poh, told AsiaOne in an interview: “There’s…

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Singapore 

Shareholders to delist Singapore’s smallest telco M1, Singapore News

SINGAPORE – Conglomerate Keppel Corp and Singapore Press Holdings said late Wednesday they would delist Singapore’s smallest mobile operator M1 Ltd after their offer to buy control of the company closes. Keppel and SPH said in September they would offer S$2.06 ($1.53) per share for majority ownership of M1 in a bid to support its falling share price and restructure the firm and make it more competitive. They together held about a one-third stake in M1 before the offer that values the company at S$1.9 billion. This month, Malaysia’s Axiata…

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Singapore 

Singapore’s largest nightclub Marquee to open at Marina Bay Sands in April, Singapore News

SINGAPORE – The nightlife scene here is about to get a big boost with the Republic’s largest nightclub, Marquee Singapore, opening its doors on April 12 at The Shoppes at Marina Bay Sands (MBS). Coming in at 2,300 sq m and spanning across three storeys topped by a 30m-high ceiling, the party playground will house an eight-armed indoor ferris wheel – with a photo booth in each pod – offering views of the dance floor. A three-storey-high slide will also add to the carnival-like atmosphere. The space – formerly occupied…

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