Tag Archives: General

Steepest fall in office occupancy cost here

Posted on 4 Aug 2009 | Comments Off on Steepest fall in office occupancy cost here

Some firms may expand as rents fall and the economy stabilises

A plunge in Grade A office rents has raised Singapore’s competitive edge somewhat. According to Colliers International, office occupancy costs here were the fourth-highest among 26 Asia-Pacific cities in Q2 this year – down a notch from a quarter ago.

As rents stay weak while the economy stabilises, property consultants also expect some companies to take advantage of the situation to expand.

Colliers noted that monthly gross rents for Grade A offices in Singapore’s central business district (CBD) posted the sharpest fall in Q2, compared with other major cities in the region. Rents slid 26.2 per cent quarter-on-quarter, averaging at $6.73 psf per month in Q2. Continue reading →

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Singapore Botanic Gardens to be expanded with new parkland

Posted on 3 Aug 2009 | Comments Off on Singapore Botanic Gardens to be expanded with new parkland

Singapore’s Botanic Gardens will be expanded with the addition of a new parkland.

National Development Minister Mah Bow Tan said a 9.8-hectare parkland at Tyersall Avenue will be added to the Gardens.

This parkland will form a seamless extension to the west of the Gardens, bringing the total area of the Botanic Gardens to almost 74 hectares.

And, there will be a new arboretum on the parkland. The Tyersall addition is slated to be completed by 2012.

Mr Mah said: “A rich diversity of flora and fauna, including some rare species, exists in the forest at this new site. An arboretum will be developed to capitalise on this rich biodiversity, integrating the forest in the extension with the existing rainforest within the Botanic Gardens to form an enlarged forest habitat. Continue reading →

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