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ASEAN'S Premier Mechanical & Electrical Engineering Show Returns to Kuala Lumpur

Kuala Lumpur is gearing up for the sixth edition of ASEAN M&E 2016, ASEAN's Premier Mechanical & Electrical Engineering Show that will take place at the Kuala Lumpur Convention Centre from 23 to 25 May 2016. The three-day biennial show, considered as Southeast Asia's largest industry platform, combines three top events, TENAGA Expo & Forum - Power & Electrical Industry Show, Green Energy Asia - Green Technology & Renewable Energy Show and REVAC - Refrigeration, Ventilation an ...more

Singapore still cost competitive for luxury home buys despite ABSD: study

Singapore EVEN after factoring in the hefty additional buyer's stamp duty (ABSD) of 15 per cent on foreign property buyers, Singapore is still cost competitive compared to London and Sydney for luxury home purchases. This was among key conclusions stemming from an inaugural Global Tax report by Knight Frank and Ernst & Young. The report found that Singapore's tax costs and property costs are lower compared to London and Sydney for a foreigner buying a property worth US$10 million and holding it ...more

CDL Hospitality Trusts eyes Europe for more acquisitions

Singapore CDL Hospitality Trusts, whose most recently acquired properties in Tokyo and Cambridge helped to mitigate lower income from its other properties in the fourth quarter, is on the lookout for more hotels in city centres in the United Kingdom, Holland, Germany, Spain and Ireland. In Europe, the euro is now at an interesting entry point from the asset value and currency perspective, said Vincent Yeo, CEO of the managers of CDLHT. Currently, there are more opportunities of hotels for sale o ...more

S$85.46m SBF Center office deal inked

Singapore AN S$85.46 million transaction of office space at SBF Center, which is coming up near Tanjong Pagar MRT Station, has taken place, according to caveats information. The deal reflects a price of S$3,125 per square foot. The space transacted adds up to about 27,350 sq ft, covering all of levels 29 and 30 and eight smaller units on levels 27 and 28 of the 31-storey building. A breakdown of information listed in the caveat showed that Level 29 was sold for slightly over S$32.78 million whil ...more

$948m worth of MRT deals awarded

Construction of another threestations on the upcoming Thomson-East Coast Line (TEL) will start in the first quarter of this year. The Land Transport Authority (LTA) announced yesterday that it has awarded contracts to build the Tanjong Rhu, Katong Park and Marine Terrace stations, and their associated tunnels. The total value of the contracts is around $948 million, with construction slated for completion in 2023. This is the second round of civil contracts to be awarded for the nine-station, 13 ...more

StarHub, CDL among top 10 most sustainable corporations globally

Singapore TWO homegrown companies - StarHub and City Developments - have made it to the list of top 10 most sustainable corporations in the world, making Singapore the only Asian city to have representation in the top ranks alongside Western regulars. Telco StarHub clinched eighth position, while property developer City Developments came in 10th. The results were announced on Thursday during the World Economic Forum in Davos, Switzerland, by Corporate Knights, a Toronto-based media and investmen ...more

Slight boost for Frasers' Q1 distributable income

Higher rentals and lower utilities expenses helped boost first-quarter distributable income at commercial property landlord Frasers Commercial Trust (FCOT). The trust, which owns three properties in Singapore and three in Australia, posted a distribution per unit (DPU) of 2.51 cents for the three months ended Dec 31. It was up 2 per cent from the corresponding quarter a year earlier. The distribution will be paid out on Feb 29. Distributable income rose 17.9 per cent over the corresponding perio ...more

Singapore investors buy record US$26.3b of overseas properties in 2015

Singapore SINGAPORE-BASED investors purchased a record US$26.31 billion in overseas real estate in 2015, up 49 per cent from US$17.63 billion in 2014, going by preliminary data compiled by real-estate data and analytics firm Real Capital Analytics (RCA) as at Jan 12. The increase reflects Singapore investors' strategy of targeting the world's most liquid markets to diversify and grow their portfolios in the low-interest-rate environment. Last year's record level of deals was boosted by big-ticke ...more