Boulevard Vue ( blvd )at Cuscaden Walk - Singapore - District 09

Boulevard Vue at Cuscaden Walk - Singapore - District 09

Boulevard Vue. Placed off Orchard Street. It is fitting a stone’s mesh off from the group renowned shopping region and the bustling nighttime spirit of Singapore.Imagine living in a house in the sky. That’s what you faculty change as a doc of this prestigious assign.

Exclusive 28 alone units are housed within this 144m gangling tower. Gift only 26 emblematic units of 4500sqft and 2 penthouses of 7227sqft and 9930sqft. Only one object occupies the entire room, thus you can savor gross reclusiveness to the fullest. Every organisation has 2 close lifts, allowing you to labor the richness of your lodging in bingle hurried experience.

No information are spared to utilize you the wealthiness of type and a disturb of category. Every lodging has a full-glass frontal, content panoramic views of Orchard Road and the Commercialism territory. Two giant balconies provides plentiful set for outdoor furnishings, tub and BBQ equipments.

Perturbed nearly where to gear your Ferraris, Lamborghinis or Bentley convertibles? You don’t bed to disquiet now as you are entitled to a 3-lot individualized garage at the project’s storey carpark. 24-hour Concierge copulate is also service in this work, so you don’t bang to disquiet virtually deed hosepipe tickets for your ending min initiate or making reservations at a touristy 5-stars building. If poolside parties are your fortemente, Street Vue offers chef-on-demand to ready tasteful food for the occasion at the Gastronome outside kitchen. Your guests can relish outside dining experience in the moony environs.

Location: Cuscaden Walk (District 9)
Tenure: Freehold
Expected TOP: 2011
Site Area: 44,732sqft
Total Units: 28 in one 33 storey tower
Total Carpark Lots: 138

Boulevard Vue Types:
4 bedrm == 3758 sqft
Lower Penthouse == 5480 sqft
Upper Penthouse == 5433 sqft

Boulevard Vue Facilities:

Children’s Play Area
Lounge
Spa Pool
Pool Deck
lap pool
Sun Deck
Gym

Buy, Sell, Rent, Invest, In Singapore

Mindy Yong

(+65) 91002985

mindy@mindyyong.com

http://www.hotvictory.com

Singapore’s GIC buys 11% stake in AEI for US$400m

Singapore’s GIC buys 11% stake in AEI for US$400m
The Government of Singapore Investment Corp (GIC) has bought an 11% stake in US-based energy infrastructure firm AEI for US$400 million.

AEI said GIC Special Investments Pte Ltd, the private equity investment arm of GIC, made the equity investment in AEI by purchasing shares from AEI and some of its shareholders.

“This is in line with our strategy to expand and diversify our shareholder base. We believe GIC’s track record of long-term results in their investments is very much aligned with our approach to continued growth and long-term commitment to our energy infrastructure business and the development of the markets we serve,” said James Hughes, AEI’s Chief Executive Officer.

GIC is among the world’s largest fund management companies and manages more than US$100 billion in assets - in equities, fixed income, foreign exchange,
commodities, money markets, alternative investments, real estate and private
equity.

AEI is a company that owns and operates essential energy infrastructure businesses in emerging markets worldwide, earning more than US$3.2 billion in revenues during 2007.

AEI manages interests in a group of 36 energy companies with operations in 19 countries and approximately 13,700 employees. It serves more than 6.3 million customers worldwide by operating businesses in power distribution, power generation, and natural gas transportation and distribution. - CNA/AFP/al

 
Source : Channel NewsAsia - 14 May 2008

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Mindy Yong

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SC Global Q1 profit rises 75% to $19.2 million - Singapore

SC Global Q1 profit rises 75% to $19.2 million - Singapore

By ARTHUR SIM
SC GLOBAL Developments has reported profit after tax and minority interest (Patmi) of $19.2 million for the first quarter ended March 31 - an increase of 75 per cent over $10.9 million a year earlier.
Gross profit increased 22 per cent year- on-year. SC Global said higher selling prices were achieved, resulting in a higher gross margin of 58 per cent versus 38 per cent a year earlier. Group revenue fell 20 per cent to $43.1 million, from $54 million a year earlier.

SC Global said it had a low inventory of completed properties for sale compared with last year, when revenue was attributed to sales of completed properties.

During the quarter, it began revenue recognition of The Marq on Paterson Hill based on progress of construction.

Revenue also included contributions from The Lincoln Modern and Kairong International Gardens in Shenyang, China.

Contribution from the group’s associate company in Australia, AVJennings (AVJ), fell to $1.7 million, from $2.3 million a year earlier. SC Global said this was due to the absence of revenue from a land syndication arrangement with a joint-venture partner in the corresponding quarter last year. AVJ reported that, except for New South Wales, sales in all states were satisfactory.

Inventories, including development properties, under the group’s balance sheet comprise mainly projects under construction and land.

The liabilities of the group and company fell $10 million and $28 million respectively to $23.1 million and $5.1 million. The group had a cash and cash equivalent position of $67.9 million on March 31.

SC Global said it expects to debut a new project in Martin Road and the second phase of its residential units at Kairong International Gardens in the second half of 2008.

Earnings per ordinary share for the quarter on a fully diluted basis was 4.71 cents, up from 3.57 cents a year earlier.

SC Global’s share price closed three cents higher at $1.51 yesterday.

 
Source : Business Times - 14 May 2008

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Mindy Yong

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Singapore SIA may face more A380 delivery delays

Singapore SIA may face more A380 delivery delays

By VEN SREENIVASAN

(SINGAPORE) After weeks of speculation, European plane-maker Airbus confirmed yesterday customers may have to wait an extra three months for A380 super-jumbos.
Chief executive Tom Enders said after an A380 programme review that Airbus is informing customers of changes to its delivery schedule. ‘We regret this delay very much,’ he said. ‘But this is not a catastrophic scenario and not all customers will be equally impacted.’

The latest delay is one of a string that have hit the A380 from the start. But Mr Enders said a recovery programme initiated in mid-2006 is progressing well.

Separately, SIA said yesterday it expects to receive its fifth A380 by early July, but sees some impact on subsequent deliveries after Airbus announced the new delays.

‘We have seen the announcement from Airbus, and are now waiting to hear from them in detail about what the changes to their production schedule mean for deliveries of our aircraft down the line,’ said Stephen Forshaw, SIA’s spokesman. ‘We have received our first four aircraft, and they are operating well. The fifth aircraft is well-advanced and is expected to be delivered by early July.’

But he added that any further changes in production schedule could potentially have some impact on the airline.

 
 
SIA has ordered 19 A380s and has options for six more.

At a news conference in Toulouse, France, Mr Enders and senior officials revealed yesterday that Airbus will deliver 12 A380s this year instead of 13, and 21 in 2009 instead of 25.

Airbus declined to comment on the financial impact of the latest delay or the extent of additional costs it will bear for late delivery.

The company first needs to talk to customers and evaluate the implications of the new production schedule on deliveries in 2010 and beyond, Mr Enders said. Airbus hinted that some airlines may welcome delays at it could push deliveries to their more favoured ‘high seasons’.

The A380 review assessed the programme at the critical transition point from low-rate ‘individual’ production called Wave 1 to the full manufacturing process called Wave 2.

The review showed time and resources needed for Wave 1 production aircraft were greater than expected, delaying the changeover to Wave 2.

Yesterday’s revelations follow weeks of speculation about new delays to the A380 programme. While the plane itself has been welcomed as a ‘game-changer’ by airline customers and travellers, production has been bogged down by cost overruns and delays from the start, resulting in the first plane being delivered to SIA almost two years later than originally scheduled.

Airbus reported an operating loss of 881 million euros (S$1.9 billion) last year after a loss of 572 million euros in 2006. Parent EADS reported a net loss of 446 million euros last year after a collapse in profit in 2006.

Still, Airbus won 1,341 firm orders in 2007, slightly fewer than arch US rival Boeing but higher than its own previous record of 1,055 in 2005.

EADS shares fell sharply in European trading yesterday as news of the latest A380 delay hit the markets. The big concern now is how much compensation Airbus could have to dole out to customers for the latest delays.

 
Source : Straits Times - 14 May 2008

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Mindy Yong

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Singapore GIC invests $549m in US energy firm

Singapore GIC invests $549m in US energy firm 
 
THE Government of Singapore Investment Corporation (GIC) has bought an 11 per cent stake in United States-based energy infrastructure firm AEI for US$400 million (S$549.2 million).
The investment followed a recent foray into the lucrative sector by another Singapore investment company, Temasek Holdings, and came as oil traded at unprecedented prices.

GIC said yesterday it met AEI late last year when the American firm was seeking to raise capital.

A spokesman said GIC ’sees it as an opportunity to make a substantial investment in AEI until the American firm achieves a stock exchange listing’.

He added that the investment would help GIC gain exposure to the growing energy infrastructure markets of the developing world, the focus of AEI’s business.

GIC Special Investments, GIC’s private equity arm, purchased the shares from AEI and some of its shareholders.

Mr George Kay, vice-president of GIC Special Investments’ London-based global infrastructure group, has been appointed to AEI’s board.

Privately-held AEI owns energy infrastructure businesses in several emerging markets, including China, Mexico and Argentina. Its revenues last year exceeded US$3.2 billion.

Temasek recently set up a unit to invest in energy exploration and development.

BRYAN LEE

 
Source : Straits Times - 14 May 2008

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

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