Singapore Real Estate LaunchPad to regional start-up hub goal Singapores humble unofficial home for the fast-growing start-up community in a former flatted factory is now official - and is going to grow far bigger. In recent years, Block 71, in Ayer Rajah industrial estate, has attracted more than 100 start-ups, from chapati maker Zimplistic to travel portal Flocations. straitstimes/premium/money/story/launchpad-regional-start-hub-goal-20140313 businesstimes.sg/premium/top-stories/singapore-unveils-silicon-valley-inspired-launchpad-one-north-20140313 Largest warehouse retail mall to open in Q4 Singapores largest warehouse retail mall is set to open in Jurong East by the fourth quarter of this year after earlier delays. The $320 million mall will be the first here to feature a drive- through option for shoppers to pick up goods ordered online. straitstimes/premium/money/story/largest-warehouse-retail-mall-open-q4-20140313 channelnewsasia/news/singapore/giant-retail-warehouse/1032756.html businesstimes.sg/premium/companies/others/tti-clears-hurdles-bringing-big-box-nearer-finishing-line-20140313 Design sector to get grants, tax incentives In 2011, SCDA Architects was appointed to restore and adapt them for re-use. The centres main design feature are its four cantilevering and overlapping translucent boxes within a central covered atrium. These metal-screened boxes link the gallery and meeting spaces in the upper floors, creating spaces for meetings and innovation. businesstimes.sg/premium/singapore/design-sector-get-grants-tax-incentives-20140313 channelnewsasia/news/singapore/govt-to-enhance-design/1033294.html Far East unit wins Sentosa hotel site tender Sentosa Development Corporation (SDC) has awarded a 60-year leasehold hotel site tender on the resort island to Far East Organization Centre, a member of Far East Organization (FEO). The tender is for the development of a cluster of conserved buildings and their repurposing as hotels. businesstimes.sg/specials/property/far-east-unit-wins-sentosa-hotel-site-tender-20140313 straitstimes/premium/money/story/sentosas-barracks-get-new-lease-life-swanky-hotel-20140313 todayonline/business/far-east-organization-build-hotel-sentosa GIC sees opportunities in developing markets There are investing opportunities in the developing markets, even amid the wave of political uncertainties, said Lim Chow Kiat, group chief investment officer at the Government of Singapore Investment Corporation (GIC). businesstimes.sg/premium/companies/others/gic-sees-opportunities-developing-markets-20140313 Real Estate Companies’ Briefs Yoma Strategic Holdings Yomas management announced a number of developments: 1) Yoma will partner with Dulwich College International and Harrow International Management Services to develop two international schools at its real-estate developments - Star City and PHGE (Pun Hlaing Golf Estate); 2) the group will launch a real-estate development comprising 90 residential units and 20,000 sq ft of commercial leasing space at FMI City; and 3) Yoma proposed a partnership with International Financial Corporation (IFC), a member of the World Bank Group, for four businesses - coffee plantation (joint venture with ED&F Man), dairy production, agricultural cold chain business (JV with Kokubu) and commercial vehicle leasing. businesstimes.sg/premium/singapore-markets/others/brokers-take-20140313 Views, Reviews & Forum Growing the economy the smart way Most media attention on the recent Budget 2014 has been on the generous Pioneer Generation Package. While that is a well-intentioned and sizeable initiative, the longer-term narrative remains one focused on restructuring the economy and how we need to move from Budget initiatives to actual impact on the economy. todayonline/commentary/growing-economy-smart-way?singlepage=true Social impact of solo households It should come as no surprise that the latest Population Trends data shows a rising curve of Singaporeans living alone. The higher the population density, the greater seems to be the craving for personal space. Whether it is happening from force of circumstance or out of choice, the sociological impact either way calls for long-range studies to address needs and assess the change that will be wrought on society. straitstimes/premium/opinion/story/social-impact-solo-households-20140313 Revised HDB resale process will cause uncertainty The revised Housing and Development Board resale procedures will create uncertainty rather than stability (“HDB resale: Parties must agree on price before valuation”; March 11). First, the new practice requires a seller and buyer to negotiate the price based on daily, published transacted prices. How should they proceed, though, if there is no comparable data for negotiation? todayonline/voices/revised-hdb-resale-process-will-cause-uncertainty New HDB rules do not change resale market The National Development Ministry has announced new procedures for the Housing and Development Board resale market (“HDB resale: Parties must agree on price before valuation”; March 11). The reasons given were: To focus negotiation on price instead of cash-over-valuation (COV) and to put the process in line with that of the private property market. The state of the market was also taken into consideration. todayonline/voices/new-hdb-rules-do-not-change-resale-market Be cautious with new rules on flats We should tread with caution in the move to make cash over valuations (COVs) take a back seat in Housing Board resale deals, and in the introduction of a new reverse mortgage scheme (Deals not decided on COV under new HDB resale rules and Focus on meeting housing needs of seniors, needy folk; both published on Tuesday). straitstimes/premium/forum-letters/story/be-cautious-new-rules-flats-20140313 Global Economy & Global Real Estate Extended-stay hotels take off in Manhattan businesstimes.sg/specials/property/extended-stay-hotels-take-manhattan-20140313 Lend Lease shares fall as Sydney site fire halts work businesstimes.sg/specials/property/lend-lease-shares-fall-sydney-site-fire-halts-work-20140313 Cash deposits revive Miami luxury condo market businesstimes.sg/specials/property/cash-deposits-revive-miami-luxury-condo-market-20140313 Prime office towers look good to investors looking for yield businesstimes...sg/specials/property/prime-office-towers-look-good-investors-looking-yield-20140313 China firm buys tallest residential tower site in Europe businesstimes...sg/specials/property/china-firm-buys-tallest-residential-tower-site-europe-20140313 NFL Teams’ Settlement Lets $2.9 Billion N.J. Mall Proceed bloomberg/news/2014-03-12/nfl-teams-settlement-lets-2-9-billion-n-j-mall-proceed.html Google Searches for Space in NYC’s Soho for Retail Store bloomberg/news/2014-03-12/google-searches-for-space-in-nyc-s-soho-for-retail-store.html Lend Lease Drops as Fire Threatens Crane at A$6 Billion Site bloomberg/news/2014-03-12/lend-lease-slides-as-fire-threatens-crane-at-a-6-billion-site...html _______________________________________________________________________________________ Note: The Daily News & Views is issued as news gathering for the convenience and benefits of REDAS’ members only and not for mass circulation. Members are advised to exercise discretion in the use and dissemination of the information. Some news links in Daily News & Views are time-sensitive and require registration of fee-based digital subscriptions. These links may expire with news changes and updates throughout the day Disclaimer Real Estate Developers Association of Singapore does not warrant the accuracy, adequacy or completeness of the information and expressly disclaims liability for errors or omissions therein. The content, accuracy, and opinions expressed are not investigated, verified, monitored, nor endorsed by Real Estate Developers Association of Singapore. Every effort is taken to ensure that all information extracted is correct at the time of dissemination 13th Mar 2014.
Posted on: Fri, 14 Mar 2014 02:18:57 +0000
Trending Topics
Recently Viewed Topics
© 2015