Straits Times Forum: HDB has ways to cut waiting time for flats

I REFER to the letter by Mr Sam Sim, ‘Missed one… the three to four years of waiting to buy a HDB flat after marriage’ (Aug 20).
Buying a flat is a long-term commitment and couples are advised to plan ahead for their housing needs. Buyers looking for a new HDB flat should also take into [...]

Straits Times: Fragrance is top bidder for old Changi military camp

CHANGI CAMP HOTEL BID
S$125,000-a-month offer is more than double the second-highest bid
By Joyce Teo, Property Correspondent
THE Fragrance Group, a hotel and property developer, has submitted a whopper bid in a tender for the use of two blocks at the old Changi military camp.
Its Fragrance Hotel Management has offered a monthly rent of S$125,000, or [...]

Straits Times: Outlook still rosy for Marina Bay IR

Its meetings & exhibition business should help it ride out rough tourism weather, say top bosses
By Lim Wei Chean
DARK clouds may be looming over Singapore’s tourism landscape, but the company behind the Marina Bay Sands Integrated Resort (IR) is not worried.
The reason: Unlike IRs elsewhere, which focus mainly on their casino operations, the Marina [...]

Business Times: Allco Reit gets BB long-term rating from S&P

Agency also places rating on CreditWatch with positive implications
By ANGELA TAN
STANDARD & Poor’s Ratings Services yesterday said it has assigned its ‘BB’ long-term corporate credit rating to Allco Commercial Real Estate Investment Trust (Allco Reit).
At the same time, it placed the rating on CreditWatch with positive implications.
The rating on Allco Reit reflects the trust’s smaller [...]

Straits Times: Swissotel Merchant Court up for sale

Swissotel Merchant Court could fetch S$350m in tender
By Joyce Teo, Property Correspondent
SWISSOTEL Merchant Court, a 476-room hotel near Clarke Quay, has been put up for sale by global tender.
It could fetch about S$350 million, given the growth potential in Singapore’s hospitality sector, consultants said. Room rates start from about S$250 a night, hotel booking [...]