Singapore Real Estate

DC rate for industrial use cut but left unchanged in other use groups

For the first time in at least seven years, development charge (DC) rates in four of the five major use groups have been left unchanged. The rates for commercial, landed and non-landed residential, hotel/hospital uses have been left untouched, but DC rates for industrial use have been trimmed by an average of 3 per cent.

S'pore leads in pursuit of green buildings

The year 2015 is a special year for Singapore, marking the nation's 50th anniversary of independence and representing a major milestone in its history. From a country that was struggling in the 1960s, Singapore went against all odds to emerge as one of the world's most successful economies. Fifty years since independence, Singapore is now playing its part as a global citizen in balancing environmental sustainability with economic development.

CapitaLand doubling EV charging stations in its S'pore properties

Capitaland Limited is revving up its sustainability drive by doubling the number of plug-in electric vehicle (EV) charging stations in its properties and increasing the number of locations where such stations are offered from five to nine. This will be accomplished through its ongoing collaboration with BMW Group Asia. Greenlots, a global provider of technology solutions for EV networks, is installing the charging stations.

Strange hues spoil views on Emerald Hill

Some owners of Emerald Hill's historic shophouses have voted to maintain a traditional pastel palette across the facades of their estate, in the face of emerging "alien" colours such as black and neon orange. Dark monotones and shades, as well as neon and metallic colours, are "alien to the character of Emerald Hill and should not be allowed", said most home owners polled in an Urban Redevelopment Authority (URA) survey.

Singapore July bank lending rises on housing loans

The Republic’s total bank lending in July rose on stronger demand for property loans and from the general commerce sector, central bank data showed on Monday (Aug 31). Loans and advances by domestic banks in the city-state amounted to S$610.4 billion last month, according to data from the Monetary Authority of Singapore (MAS).

Restored, rebuilt, renewed

A stretch of 61 rundown shophouses off Raffles Place in Telok Ayer was transformed in 1999 into a modern area for offices and a variety of food and beverage outlets. Historic buildings include the 191-year-old former Fuk Tak Chi temple- turned-museum. Telok Ayer Street was once a landing site for Chinese immigrants who arrived in Singapore by boat.

Companies' Brief


GuocoLeisure's (GLL) FY15 core net profit was in line with our expectations, at 99 per cent of our forecast. The 11.1 per cent year-on-year core net profit growth was due to improved hotel operations and interest savings from mortgage debenture refinancing, partly offset by the lower Bass Strait oil and gas royalty income.

Mike Barclay to step down as Sentosa Development Corporation CEO

CEO of Sentosa Development Corporation (SDC) Mike Barclay is stepping down after completing his seven-year tenure at SDC, the Ministry of Trade and Industry (MTI) announced on Monday (Aug 31). Deputy CEO of SDC Low Tien Sio will be Acting CEO from Oct 1, and a new CEO will be announced in due course, said the ministry. Mr Barclay will be returning to the private sector.

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