Category Archives: General

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 →

Comments Off on HDB can’t interfere

Posted in General, HDB

Tagged , , , , , , , , ,

Hospitality sector set for a rebound; serviced apartment segment to lead

Posted on 20 Oct 2009 | Comments Off on Hospitality sector set for a rebound; serviced apartment segment to lead

The global hospitality sector is set to make a come back next year after several sluggish quarters.

Observers told an industry seminar in Singapore that the serviced apartment segment in Asia will emerge the strongest.

But hotels may struggle with fewer business travellers and an oversupply of hotel rooms.

The hospitality sector has seen sluggish times since the start of the global downturn.

But according to STR Global, a rebound could come in a few months, as the recovery begins to pick up steam. Continue reading →

Comments Off on Hospitality sector set for a rebound; serviced apartment segment to lead

Posted in General, Service Apartments

Tagged ,