Suffolk Premier - Singapore - District 11

Suffolk Premier - Singapore - District 11

Imagine a sanctuary so close to the city, you could almost feel its pulse, yet, just far enough away to be insulated from its throb.

Welcome to Suffolk Premier, the luxury refuge for those seeking the perfect balance in apartment living . Nestled on Suffolk Road, off Thomson Road, Suffolk Premier stands 15 stories tall, an imposing presence in an already prestigious neighbourhood. Its structure, which bears
a distinctive “S” symbol, is a bold prelude to what Suffolk Premier has to offer.

The centre location of Suffolk Premier is undisputed. It is connected to all the amenities that matter: food, shopping, education, public transport and medical facilities. The Novena and Newton MRT Stations are but a hop, skip and jump away.
Newton Circus Food Centre and other restaurants on every other street. And the Thomson Medical Centre is literally ‘down-the-road’.

Floor Plans

Type A (2Br -1020sf)
Type B (3Br -1095sf)
Type C (3Br -1065sf)
Type E (Penthouse - 1580sf)
Type G (Penthouse - 945sf)

Developer : Springlife Dev Pte Ltd

Singapore Real Estate - Buy, Sell, Rent,invest, Singapore Property

Buy, sell and rent Singapore real estate: private property, residential apartments, commercial and industrial properties. HDB flats for sale and rental. Foreign investors, buyers, tenants or relocating expats can easily find their ideal landed house, bungalow, semi-d, terrace, condominium, townhouse, private apartment, HDB, HUDC, office, shop, factory, warehouse & land right here.

MINDY YONG

( +65 ) 91002985

mindy@mindyyong.com ( email me )

Robertson Edge - Singapore - District 09 - 10

Robertson Edge - Singapore - District 09 - 10

Robertson Edge is the epitome of chic city living, located just a short drive from the glitter and glamour of Orchard Road and the Central Business District, the focus is on keeping your every need, whether work or pleasure, within sight. This development represents astounding SOHO living and a tremendous investment opportunity for all.

Set amidst alluring city sights, sounds and tastes, Robertson Edge features an unbeatable location that us across scenic Fort Canning and an interesting juxtaposition,of nostalgic conservation shophouses,fabulous eateries, the pulsating Boat Quay,swanky Orchard Road, the hip pubs of Mohamed Sultan Road and a host of arts venues.

Its close proximity to the Somerset and Clarke Quay MRT stations as well as the Central Expressway provides residents convenient and quick access to every corner of Singapore

Floor Plans

Type A (1 bdrm - 38 sqm) Type A1 (1bdrm - 37 sqm)
Type B / B1 (2 bdrm - 47 sqm)
Type B2 (2bdrm - 44 sqm)
Type C / C1 / C2 (2 bdrm - 44 sqm)
Type D (1+ 1 bdrm - 40 sqm)
Type D1 / D2 (1+ 1 bdrm - 43 sqm)
Type D3 / D4 (1+ 1 bdrm - 44 sqm)
Type E / E1 / E2 (1+ 1 bdrm - 40 sqm)
Type E3 (1+ 1 bdrm - 43 sqm)
Type F (1 bdrm - 40 sqm) Type G (2 bdrm - 64 sqm)
Type H (1+ 1 bdrm - 46 sqm) Type PH1 (1 bdrm - 81 sqm)
Type PH2 (2 bdrm - 97 sqm) Type PH3 (1 bdrm - 85 sqm)
Type PH4 (2 bdrm - 81 sqm) Type PH5 (2 bdrm - 84 sqm)
Type PH6 (2 bdrm - 84 sqm) Type PH7 (2 bdrm - 90 sqm)
Type PH8 (2 bdrm - 109 sqm)

Singapore Real Estate - Buy, Sell, Rent,invest, Singapore Property

Buy, sell and rent Singapore real estate: private property, residential apartments, commercial and industrial properties. HDB flats for sale and rental. Foreign investors, buyers, tenants or relocating expats can easily find their ideal landed house, bungalow, semi-d, terrace, condominium, townhouse, private apartment, HDB, HUDC, office, shop, factory, warehouse & land right here.

MINDY YONG

( +65 ) 91002985

mindy@mindyyong.com ( email me )

Singapore Service apartments seek shorter stays to ease hotel room crunch

Singapore Service apartments seek shorter stays to ease hotel room crunch

Industry association proposes rule on stay of 7 nights or more be lifted

By Lim Wei Chean
ALMOST LIKE HOME: Facilities offered in service apartments, such as this Fraser Suites two-bedroom apartment outfitted with a kitchen to prepare meals, would ‘help bridge the gaps for medical and family tourism’.

FOR 20 years, there has been a little-known rule governing service apartments: Guests have to stay seven nights or more.
Now, with an eye on the current hotel room crunch, the Serviced Apartments Association proposes that this condition be lifted.

There are at least 3,500 service apartment units here, compared to more than 37,000 hotel rooms.

If the association gets the go-ahead, this will have an impact on the short-

stay accommodation market. Association president Alfred Ong told The Straits Times it is high time the rule was lifted - a rule he said is unique to Singapore.

He added: ‘If Singapore wants to be a first-class city, then it should give customers the choice, whether it be service apartments, hotel rooms or budget accommodation.’

Although the association said it began preliminary discussions with the Singapore Tourism Board (STB) and the Urban Redevelopment Authority (URA) in 2006 and stepped them up last year, the two agencies said they have yet to receive a formal proposal to lift the rule.

Travel industry players said such a move will help ease the room crunch in Singapore where hotels have registered high average occupancy of more than 80 per cent.

This has led to higher room rates, which in turn have led to concerns over Singapore’s competitive edge in the mass tourism sweepstakes.

The latest American Express market forecast on hotels in the Asia-Pacific, released last week, predicts that corporate rates in Singapore will go up by some 29 per cent this year.

This is higher than its projections on Hong Kong at 17 per cent, Beijing at 21 per cent and Kuala Lumpur at 20 per cent.

This is despite the 8,850 rooms added last year and this year.

Mr Prashant Aggarwal, head of American Express Consulting for Japan, the Asia-Pacific and Australia, cited increased demand with higher visitor arrivals as part of the reasons driving its projection.

However, Plaza Royal on Scotts hotel general manager Patrick Fiat said the industry should not be too concerned about the rates hike.

He told The Straits Times: ‘For the past 10 years, hotel rates have been low. So, the current spike is just hotel rates catching up with rates elsewhere.’ He expects levelling out by next year.

However, he is opposed to allowing service apartments to accept shorter stays.

But the service apartment industry sees the proposed move as complementary rather than competitive.

Ms Tonya Khong, general manager of Fraser Suites and Fraser Place, said: ‘There may not be much impact on the industry’s occupancy if the minimum duration of stay requirement is lifted.

‘We foresee that this move can help bridge the gaps for medical and family tourism, as cooking and children-friendly facilities as well as spacious living space will mean a great deal to these visitors.’

Mr Ong said in other Asian cities, most service apartment guests are middle- to long-term guests. Only about 30 per cent are short-stay guests.

But he added that allowing shorter stays will mean more efficient use of service apartments, which always have some spare days between long-term guests.

Source : Straits Times - 22 Jan 2008

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985

mindy@mindyyong.com

$33b GIC, Temasek ventures purely commercial: Tharman -Singapore

$33b GIC, Temasek ventures purely commercial: Tharman  -Singapore

Govt doesn’t comment on each deal, but it is assured that investments in subprime-hit banks are rational and within risk limits

By Grace Ng
SUCCESSFUL SUMMIT: Leaders posing for a photo during the 13th Asean Summit here last November. Second Foreign Minister Raymond Lim said the meeting was a success as it achieved its main objectives.

THE decisions made by GIC and Temasek Holdings to sink huge investments into banking giants hit by the subprime crisis were purely commercial and not influenced by the Government, Finance Minister Tharman Shanmugaratnam said yesterday.
But the Government is also assured that both the GIC and Temasek have ‘thoroughly assessed the risks of each of these investments and have made hard-headed commercial decisions after careful assessment of the risks and the prospects for returns over the long term’, he added.

The Government of Singapore Investment Corporation (GIC) and Temasek Holdings recently announced investments worth a total of US$23 billion (S$33 billion) in UBS, Merrill Lynch and Citigroup.

Mr Tharman was responding to a question from Mr Inderjit Singh (Ang Mo Kio GRC) on the rationale behind the huge investments.

Mr Singh had expressed concern that it might be too early for such investments, as the full impact of the subprime meltdown was not yet known.

Mr Tharman replied: ‘Let me first state that the GIC and Temasek made their investment decisions independent of each other and of the Government.’

He added: ‘It’s not the Government’s role to comment on or second guess whether it was timely for the GIC and Temasek to have made these two investments.’

He explained that the Government does not judge the performance of the GIC and Temasek by their individual terms.

Mr Singh also asked about Temasek’s £1 billion (S$2.8 billion) investment in British bank Barclays, which has shrunk in value.

It had paid £7.20 a share for a 2.1 per cent stake last July, but Barclays’ stock has since plummeted by almost 40 per cent to about £4.38.

In reply, Mr Tharman saidboth institutions had been tasked with earning the Government a good long term return and would have to do so by assessing the risks of each transaction and the risks of their whole portfolio thoroughly.

However, the Government is not completely hands-off, Mr Tharman added, as it has an understanding with both Temasek and the GIC on its own overall risk tolerance.

‘In the case of the GIC, it is our funds which the GIC is managing as a fund manager. So the Government sets the risk tolerance. For instance, how much risk you’re willing to take, how much risk of a downturn or a reduction in the value of your total assets you’re willing to absorb over a certain period of time,’ he said.

‘In the case of Temasek, we’re the shareholder and they own the funds, they set the risk parameters, but they do so in the context of an understanding with the MOF (Ministry of Finance) as to what is an expected return that we should hope to derive over the long term.’
Source : Straits Times - 22 Jan 2008

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985

mindy@mindyyong.com

Poor will not be neglected in Singapore HDB upgrading

Poor will not be neglected in Singapore HDB upgrading

Revised schemes allow for more flexibility and govt subsidies

By Tan Hui Yee, Housing Correspondent
THE Housing Board will not neglect the needs of the poor, or be rigid, as it upgrades flats under schemes which have recently been revamped.
The Minister of State for National Development, Ms Grace Fu, gave this assurance as the Housing and Development (Amendment) Bill, which paves the way for one of the new programmes, was passed in Parliament yesterday.

During the debate on the Bill, various MPs had put forward wish-lists.

Madam Cynthia Phua (Aljunied GRC) wanted the Government to absorb the co-payment that will be required for lower-income households to get their homes upgraded.

Under the new Home Improvement Programme (HIP), which focuses on essential improvements within a flat such as repairing spalling concrete, residents will have to pay between 5 and 12.5 per cent of the total bill. They can opt out of some items.

The other new scheme recently introduced - the Neighbourhood Renewal Programme, where improvements are made across several precincts - will be fully paid for by the Government.

Mr Liang Eng Hwa (Holland-Bukit Timah GRC) asked for items such as aluminium window frames or accessibility features for the elderly and disabled to be added to the list of essential improvements under the HIP programme.

He also wanted the Government to consider extending its upgrading schemes to private estates.

Ms Fu rejected Mr Liang’s suggestion that government-subsidised upgrading be offered to private estates, pointing out that private homes could be owned by foreigners as well as permanent residents. Unlike owners of HDB flats, private home owners also have the option of selling their homes collectively.

On the question of lower-income households, Ms Fu said flat owners can cut their bills by opting out of various improvements.

Ms Fu assured members that the HDB has in place ’sufficient financial help’ for struggling flat owners, who are given the option to pay their share of the upgrading bill through instalments over a long time. To date, it has not taken any flat owner to court over unpaid upgrading bills.

Meanwhile, the HDB will consider elderly-friendly features like grab bars as part of the optional improvement items under the HIP if they prove popular. Current options are limited to upgrading toilets, new entrance doors, grille gates and refuse hoppers.

However, flat owners are free to make separate requests to HDB contractors to install such items in their flats at the same time as their flats are upgraded.

Ms Fu stressed that the upgrading programmes are ‘not a substitute for routine maintenance, cyclical repair the home owner and town councils will have to undertake’.

Meanwhile, opposition MP Chiam See Tong (Potong Pasir) asked why the flats in his ageing ward have not been upgraded over the two decades in which upgrading has been available.

Ms Fu replied that while his ward is eligible for the upgrades, the Government prioritises districts based on their support of government policies.

What the MPs said

CO-PAYMENT WOES

‘This amendment is like the HDB offering ice-cream to dwellers of older flats… Because of this co- payment, some may just have to watch while others are polishing off their ice-cream.’ - MADAM CYNTHIA PHUA (ALJUNIED GRC) on poorer folk who cannot pay for upgrading

NOT BENEFITED AT ALL

‘Millions of dollars have been spent, but Potong Pasir has not benefited even one cent from those funds spent on upgrading public flats. Are Potong Pasir residents not Singapore citizens? Don?t they pay income tax? Don’t their sons do national service?’ - MR CHIAM SEE TONG (POTONG PASIR) on his ward being lower down in priority in HDB upgrading programmes

PRIVATE HOMES TOO?

‘I hope the Ministry of National Development can also come up with a scheme for these private apartment dwellers…Never mind if the subsidy is a smaller amount as it is sometimes the thought that counts.’ - MR LIANG ENG HWA (HOLLAND-BUKIT TIMAH GRC) suggesting that the Government should offer upgrading for those living in private homes

Source : Straits Times - 22 Jan 2008

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Mindy Yong

(+65)91002985

mindy@mindyyong.com

Condo-style flats only a small part of Singapore public housing, says Mah

Condo-style flats only a small part of Singapore public housing, says Mah
HIGH-END FLATS: The 714-unit City View@Boon Keng by Hoi Hup Sunway Development, drew about 3,500 applications for three- to five-room flats. Prices ranged from $349,000 to $727,000.

PRICEY condo-style flats will remain a small proportion of the total public housing supply with the Government pledging yesterday to continue providing affordable homes.
Its assurance came as high-end flats in Boon Keng offered by private developers were launched recently for up to $727,000 for a five-room flat.

The flats come with interior layouts and fittings more commonly seen in private condominiums, such as bay windows in bathrooms, large balconies and built-in wardrobes.

Buyers are also concerned that prices of resale Housing Board flats shot up 17.4 per cent last year - the highest in a decade - and that sellers in coveted districts are demanding as much as $100,000 in cash over the valuation of their flats.

National Development Minister Mah Bow Tan told Parliament that high-end flats - built under the Design, Build and Sell Scheme (DBSS) - ’serve to fulfil the needs of a niche segment of the HDB market - those with higher aspirations and who can afford a higher price’.

Under the programme, developers are free to design and price the flats as long as they work within the rules of public housing. This means they have to sell flats to families earning no more than $8,000 a month - the limit for households buying public housing.
The first such project, the 616-unit Premiere@ Tampines by Sim Lian Land, drew almost 6,000 applications for its two-, four- and five-room flats with prices from $138,000 to $450,000.

The second, the 714-unit City View@Boon Keng by Hoi Hup Sunway Development, drew about 3,500 applications for three- to five-room flats. Prices ranged from $349,000 to $727,000.

The City View prices had prompted some to wonder if they were affordable to those earning $8,000 a month. Nominated MP Eunice Olsen asked if the income ceiling could be raised for such flats.

Mr Mah said no, because it could result in developers pricing their flats even higher.

The minister added that private companies taking part in the DBSS scheme develop the projects knowing there is an income cap on buyers.

He told Dr Ong Seh Hong (Marine Parade GRC), who asked why the HDB had ’shifted’ from its original mission of providing affordable housing, that the board was, in fact, staying the course.

In recent years it had re-introduced new two- and three-room flats, while additional housing grants are also being offered to low- income earners, he said.

Besides, recent buyers of new HDB flats actually spend just 20 per cent of their monthly household income on housing. This is about half of the debt servicing limit typically used by financial institutions.

Mr Mah added that the HDB was monitoring resale prices, but urged buyers who cannot afford the cash-over-valuation sums demanded by sellers to postpone their purchases or apply for new - and cheaper - HDB flats instead.

Demand for such homes has been rising as well. Last month, 316 surplus flats in the outlying towns of Hougang, Sengkang and Punggol drew 5,147 applications.
TAN HUI YEE

Source : Straits Times - 22 Jan 2008

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985

mindy@mindyyong.com

Tharman: Many schemes to help those struggling with rising costs -SINGAPORE

Tharman: Many schemes to help those struggling with rising costs -SINGAPORE

By Lynn Lee

TARGETED and efficient. These keywords will continue to guide the Government’s approach to helping Singaporeans who grapple with the rising cost of living, said Finance Minister Tharman Shanmugaratnam yesterday.
This means that it will continue to offer a buffet of help schemes that cover every aspect of a Singaporean’s life.

For instance, low-income Singaporeans who keep at their jobs will get additional cash and CPF contributions with the Workfare scheme.

Those with schoolgoing children can tap into school financial assistance schemes. The criteria for these were widened last year to take in more families.

The elderly, jobless and poor can turn to the ComCare fund set up to ensure that no one is left behind as Singapore restructures its economy. Medifund, the national health-care safety net, will step in to help the needy with their hospital bills.

Mr Tharman made these points in response to labour MP Halimah Yacob’s (Jurong GRC) questions on whether the Government would do something extra for the poor as the inflation rate threatens to push past the 5 per cent mark.

It hit 4.2 per cent in November, the fastest increase in 25 years.

Mr Tharman said that, if finances permitted, there would be ’something more’ in this year’s Budget for the old and needy.

As for high inflation, this was mainly due to the global rise in oil and food prices, he said.

He acknowledged that last July’s goods and services tax (GST) hike from 5 to 7 per cent had also played a part.

But this was a ‘one-off’ increase, not a continuing one, he added.

Specific help had been given to families to cope with the rise. A typical three-room household received about $1,050 in the GST offset package in total. This included cash and utility rebates, he said. ‘So it goes well beyond compensating for the GST increase.’

Source : Straits Times - 22 Jan 2008

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Mindy Yong

(+65)91002985

mindy@mindyyong.com

Investments in fixed assets in Singpore jump to record $16b

Investments in fixed assets in Singpore jump to record $16b

Good mix of new projects boosts data, lifts outlook for this year: EDB

By Nicholas Fang
GROWTH BOOSTER: The 400 new projects won last year, which included multibillion-dollar petrochemical plants, are expected to add $11.6 billion each year to Singapore’s gross domestic product.

SINGAPORE has smashed the record for investments in new factories, machinery and other industrial facilities - having secured $16.1 billion worth of such investments last year.
This was thanks to a whopping 400 new projects, including multibillion-dollar petrochemical and wafer fabrication plants which make semiconductors. It was a huge rise over the previous record of $9.2 billion set in 2001.

And the Economic Development Board (EDB) is confident that 2008 will be another bumper year.

The level of fixed asset investment is one of three key indicators used by the EDB. The other two are business spending, and the value-added or the rise in the value of goods and services resulting from a firm’s activities.

Fixed asset investment from the manufacturing sector was nearly double 2006’s $8.8 billion and easily beat the forecast of $8.5 billion to $9 billion, EDB said.

Business spending from the services sector also grew, to $3 billion from $2.8 billion in 2006, surpassing expectations of between $2.7 billion and $2.9 billion.

The new projects won last year are set to create a record 28,600 new jobs.

They are also expected to add $11.6 billion each year to Singapore’s gross domestic product, exceeding the upper limit of earlier forecasts by $100 million. Still, this was lower than the $13.4 billion recorded last year.

EDB managing director Ko Kheng Hwa said this was due to the mix of projects.

‘It depends on the industry. In the chemicals sector, for example, investment figures are usually high, but the value-added tends to be captured in downstream plants as opposed to the initial upstream ones,’ he said at a press conference yesterday.

EDB chairman Lim Siong Guan said the data reflected strong investor confidence.

‘It also affirms manufacturing as a critical component of Singapore’s economic growth, and underlines our ability to continue to attract high-end complex manufacturing projects which bring in quality jobs,’ he added.

EDB said many of the projects it had pursued were capital, knowledge or innovation-intensive, or a combination of all three - all key to economic development and creating good jobs.

The top projects announced last year included ExxonMobil’s second world-scale petrochemical plant in Singapore, set to cost US$4 billion (S$5.7 billion), and Neste Oil’s 550 million euro (S$1.16 billion) biodiesel plant, which will be the world’s largest.

Mr Lim said attracting such projects has made EDB confident that the momentum will continue this year despite global slowdown fears.

Fixed asset investment from manufacturing and services is set to hit up to $19 billion. Business spending could rise to $8 billion and value- added is tipped at $12 billion to $14 billion.

Economists were cautious about the forecasts. Citigroup economist Chua Hak Bin said: ‘It’s an ambitious target as there’s a risk of a manufacturing recession in Asia by the middle of the year,’ he said.

‘If the United States slows even more, chances are that exports from Asia could weaken more…and this could dampen manufacturing investments.’

CIMB-GK economist Song Seng Wun is more optimistic. ‘If things on the external front stay on an even keel, then the numbers are do-able.

‘But if sentiment deteriorates as a result of spillover to the real economy from the financial sector, we may see firms cutting back on investments. What is encouraging is that investments are coming from more diverse sources and some slack may be taken up by Asia-Pacific firms.’

Mr Lim said EDB will focus on exploring opportunities in three growth areas where Singapore itself requires good solutions and can serve as a working model and test bed.

They are: urban solutions involving pollution control, clean water and energy and traffic management; health and wellness solutions for ageing populations; and lifestyle products and services.
Source : Straits Times - 22 Jan 2008

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985

mindy@mindyyong.com

Sales of F1 corporate hospitality packages going fast - Singapore

Sales of F1 corporate hospitality packages going fast - Singapore

By Patwant Singh

SINGAPORE: Singapore’s first Formula One race is coming to town in about eight months, and even before the action begins, sales of corporate hospitality packages are moving fast.

About 70 per cent of the 180 corporate hospitality suites, which can accommodate 50 guests each, have been snapped up since they were launched in November last year.

The suites are meant to cater for 9,300 guests, each of them paying S$3,500 to S$6,500.

Another 3,000 paddock club tickets, costing S$4,000 each, are also booked.

Costing S$275 each, 65,000 grandstand seats will go on sale after Chinese New Year. The pass can be used for three days.

The organisers said the S$275 price tag might be changed nearer to the date of the event.

But some are calling on the organisers to subsidise the tickets for more Singaporeans to enjoy the action.

“I think it is very expensive. It is a shame because it is going to alienate poor people from going there,” said a member of the public. - CNA/ac
Source : Channel NewsAsia - 22 Jan 2008

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985

mindy@mindyyong.com

Singapore Robinsons receives S$537m takeover offer from Al Fattiam Group

Singapore Robinsons receives S$537m takeover offer from Al Fattiam Group

By Rachel Kelly,

SINGAPORE: All eyes are on Robinsons’ largest shareholder Lippo Group after the retailer received a takeover offer from Dubai’s Al Futtiam Group on Monday.

The offer is at a premium of 40 per cent over the counter’s last trading price, but this is still way below what Lippo paid for its stake less than two years ago.

At S$537 million, the offer from Al Futtiam works out to S$6.25 dollars a share.

That’s 40 per cent higher than the last transacted price - but still below the S$7.90 each that Lippo paid when it bought a 29.9 per cent stake in Robinsons’.

And market watchers said - this could cause some tension.

Leon Perera, Group Managing Director of Spire Research & Consulting, said: “I suppose the question now is really how Lippo group will react since they paid S$7.90 per share in 2006 and ALF offers S$6.25 so you would expect some resistance from Lippo group to actually proceed at that price level.”

However the offer has the backing of shareholders such as Aberdeen Asset Group, which said it offers long term potential.

Kwok Chern Yeh, Assistant Investment Manager of Aberdeen Asset Management, said: “Essentially this offer values the company at a 40 per cent premium to the companies’ last trading price from last Friday so we think this is one way of realising value for the unit holders of Aberdeen funds.”

Some industry watchers are expecting to see a sluggish year for the retail sector in 2008 - and the offer is a good opportunity to lock in some cash.

Perera said: “We’re looking at a year which is at best a mediocre for the retail sector in Singapore this year and we might be looking at some kind of outward trend maybe in 2009 or 2010, depending on how the Singapore economy reacts to what’s happening in the US.”

He continued: “So to anyone who is adopting a two-year time horizon, I think it would be a good bet to actually take the offer.”

Robinsons currently owns seven Marks and Spencers stores - and the tie-up will allow Al Futtaim to strengthen its hold over the brand in the Middle East and Southeast Asia. -CNA/vm
Source : Channel NewsAsia - 22 Jan 2008

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985

mindy@mindyyong.com