Daily Archives: 21 Oct 2009

HDB can’t interfere

Posted on 21 Oct 2009 | Comments Off on HDB can’t interfere
HDB said stallholders in five markets in Choa Chu Kang Street 62, Choa Chu Kang Avenue 1, Serangoon Avenue 3 (left), Bukit Batok West Avenue 8 and Fajar Road, which were bought by Heeton, are ‘tenants of Heeton, not HDB’, and it cannot interfere as this is a private property transaction. — ST PHOTO: TERENCE TAN

THE Housing and Development Board (HDB) has said it cannot take over the wet markets or interfere with the commercial negotiation between the new owner and the stallholders.

In a statement on Wednesday, it added that it cannot also ‘impose new requirements that are more stringent on the new owner, compared to those already imposed on the existing one.’

The statement came a day after Minister for Environment and Water Resources Yaacob Ibrahim said in Parliament on Tuesday that private operators of wet markets would have to get approval from the HDB for the sale and any change of their uses. Continue reading →

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Posted in General, HDB

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Genting aims to attract 4.5m visitors annually with theme park

Posted on 21 Oct 2009 | Comments Off on Genting aims to attract 4.5m visitors annually with theme park

Genting Singapore Plc (GENS SP), the builder of one of two casino resorts, aims to attract about 4.5 million visitors a year when its Universal Studios theme park opens next year, the local press reported, citing Douglas Trueblood, general manager of sales and marketing for Universal Parks and Resorts.

Genting has not fixed ticket prices. Based on a Morgan Stanley estimate of S$70 per ticket, the reports said annual ticket sales may reach $315 million. Genting is trading at $1.12.

Source : The Edge – 21 Oct 2009

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Posted in Sentosa Property

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