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Monthly Archives: August 2009

RSH opens 1st Bershka store at Ion Orchard

Posted on 25 Aug 2009 | Comments Off

LIFESTYLE group RSH Limited – which has snagged the rights to sell Spanish fashion label Bershka in Singapore, Malaysia and Thailand – has officially opened its inaugural Bershka store here at Ion Orchard.

Targeted at mid-teen girls and young adult women, Bershka is one of the youngest brands in the Inditex Group.

RSH currently has four Inditex brands in its portfolio – Zara, Massimo Dutti, Pull and Bear as well as Bershka.

Kesri Kapur, RSH’s group chief operating officer said: ‘Bershka fulfils the fast-growing demands of the youth market, a customer segment that is expanding strongly and increasingly asserting its influence in the fashion industry. We are confident Bershka will add to the strength of our fashion business, it broadens our customer base and fortifies our product mix.’

The Bershka chain has more than 600 stores in 42 countries with sales exceeding 1.1 billion euros (S$2.2 billion), which represents 10 per cent of total revenue for Inditex.

Source : Business Times – 25 Aug 2009

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Posted in Office / Retail / Industrial

Tagged Bershka, Ion Orchard, RSH, Singapore Retail

Gap in prices between new and resale homes grows

Posted on 24 Aug 2009 | Comments Off

Homes in the primary market, or new ones sold by developers to owners, traditionally cost five to eight per cent more than those in the secondary or resale market. But this gap is growing to between 10 and 20 per cent as the Singapore property market heats up.

Developers have sold more than 10,000 new private homes to date in 2009, more than double the total in 2008.

And while sales in the secondary market have kept pace, analysts said prices have risen slower, which is characteristic of the segment.

Eugene Lim, associate director, ERA Asia Pacific, said: “The current market is on an upswing so we are looking at the price difference between old properties and new properties in a range of 10 to 20 per cent, versus a low market scenario where you see a difference of five to eight per cent.”

Locations where few new developments have been launched are likely to see the largest gaps between new and resale homes. Continue reading →