July | 2009 | Lush Dream Home

ONLY days after the NTUC Club pulled the plug on its planned resort at Sentosa, the site that was supposed to be used for the resort is already attracting other development ideas.

A new water-sports type of an attraction is being looked at to take up the prime real estate.

Sentosa Leisure Group chief executive officer Mike Barclay said he is keen to have an ‘attraction that offers safe water-play outside the sea’.

He added that it will preferably be a place where families can retreat to for activities during wet weather.

Last week, the recreational arm of the National Trades Union Congress said it was abandoning plans for the $45 million Palawan Beach resort because of spiralling construction and land costs. Continue reading →

Can new Orchard Road malls thrive despite recession?

Posted on 29 Jul 2009 | Comments Off

Addition of hundreds of new shops will further squeeze retailers’ profits

CAN the three huge new malls on Singapore’s main retail strip thrive despite a limp global economy?

The revamp of Orchard Road, along with two resorts featuring the country’s first casinos opening next year, is part of the government’s plans to make Singapore a regional tourist and shopping mecca and fuel a rebound from its worst recession ever.

But retailers on Orchard Road, which packs some 40 shopping centres into 2.5 kilometres, could struggle for some time.

Locals and tourists are spending less while the addition of hundreds of new shops in nearly a fifth more retail space will further squeeze profits. Continue reading →