Grange Infinite at Grange Road – Singapore – District 09

Grange Infinite at Grange Road – Singapore – District 09

Grange Infinite @ Grange Road

36- storey residential housing process rise with communal facilities and story car parks. All units with private Lift.

The position is settled at one of Singapore’s human residential addresses, Grange Way. Within walking interval to Singapore’s Execute Shopping Track,Orchard MRT Station.

Nearby landmarks includes Meritus Chinese Hotel, Takashimaya Shopping Confection, Orchard Cineplex
Property Type : Condominium 

Address: 27 Grange Road

District:  09 

Country:  Singapore 

Total No of Units:  68 

TOP Date : DEC 2011

Tenure : Freehold

Maintenance: est. at $680 to $1870

Developer: Citadel Equity and CEL Development Pte Ltd (Subsidiary of Chip Eng Seng Group)

Available Unit :  

21 units of 3 Bdrms— Approx 2,088 to 2,368 sq.ft

43 units of 4 Bdrms— Approx 2,530 to 2,702 sq.ft

1 units of 4 Bdrms (Triplex) Approx 6,039 sq.ft(including Roof Terrace)

2 units of 5 Bdrms Penthouses

Approx 5,339 to 5,436 sq.ft

1 unit of 5 Bdrms Penthouse (Duplex)

Approx 9,462 sq.ft with private swimming pool
Facilities :

- Swimming Pool

- Gymnasium

- Jacuzzi

- Reading Corner

- BBQ Pits

- Multi- Purpose Room

- Spa Corner

- Landscaped Gardens

- Sky Garden on 14th Floor
MRT/LRT Information 

Nearest MRT:  Somerset MRT

Walking Distance : 7 Minutes

Buy, Sell, Rent, Invest, In Singapore

Mindy Yong

(+65)91002985

mindy@mindyyong.com

Hillvista at Elizabeth Drive – Singapore – District 21

Hillvista at Elizabeth Drive – Singapore – District 21

Hillvista @ Elizabeth Drive
District : 21
Tenure : Freehold
Development : 3 Towers Of 10 Storeys
Land Area : 85,000sqft
Developer : Far East Organization
Total Strata Areas : 114,237.60sqft (13,400.00sqm)
Expected TOP : 4th Qtr 2011

Total Units : 129
-2 Bedroom 915sf - 1044sf (85 – 97 sqm)
-2 + 1 Bedroom 990sf – 1087sf (92 – 101 sqm)
-3 Bedroom 1130sf – 1238sf (105 – 115 sqm)
-3 + 1 Bedroom 1184sf – 1292 sf (110 – 120 sqm)
-4 Bedroom 1281sf – 1335sf (119 – 124 sqm)

Facilities :

-Spa Pavilion
-Clubhouse
-Lotus Pond
-The Spring
-Carparks
-Fitness Stations
-Foot Reflexology Area
-24 Hours Security
-Jacuzzi with Trellis
-Dining pavilion with BBQ Pits
-Aqualounges

Buy, Sell, Rent, Invest, In Singapore

Mindy Yong

(+65)91002985

mindy@mindyyong.com

Private sector looks to SMEs as a force to reckon with - Singapore

Private sector looks to SMEs as a force to reckon with - Singapore

By CHEN HUIFEN AND OH BOON PING
(SINGAPORE) Small and medium enterprises (SMEs) are a hot group of targets for the private sector right now, going by a recent spate of activities.
Spurring SMEs: KPMG’s Danny Teoh says that when SMEs reach a certain stage of development, greater recognition and public exposure should be accorded; while HSBC Singapore’s Tan Siew Meng says that by working with SMEs early on in their growth stage, they can advise them on how to expand their business 
In the last two weeks, there have been at least four SME-related marketing campaigns, all aimed at identifying noteworthy enterprises and building rapport.

Just last week, HSBC and credit information provider DP Information Group (DP Info) announced the winners of the SME Growth Excellence Awards, while KPMG, OCBC Bank and The Business Times launched the nominations for the 14th Enterprise 50 awards.

Before those, Standard Chartered Bank and credit information provider Dun & Bradstreet introduced a new list of Top 100 SMEs rankings, and the first batch of recipients of the Emerging Enterprise Awards by OCBC and The Business Times was announced.

Organisers said such awards reflect the growing importance of the role that SMEs are playing in the economy.

‘We believe that when these enterprises reach a certain stage of development, greater recognition and public exposure should be accorded,’ said KPMG’s managing partner for Singapore, Danny Teoh. ‘This can help them excel, taking them to the next level, and may take the form of a merger or acquisition, investment by private equity firms, or even an initial public offer (IPO). The number of awards targeted at these enterprises reflects the recognition of this growing importance by the local business community.’

The drive to nurture and encourage the SME sector has largely been initiated by the government in the past. But with SMEs becoming potential business sources, private-sector services providers are allocating more resources to track them, as well as to build relationships with the top honchos at such firms.

And it’s not just the bigger SMEs they are eyeing. Even those with less than $15 million in fixed assets and/or less than $10 million in turnover are on their radar screens.

Banks and credit services providers see potential in establishing contacts early, so that as the businesses expand, they would be in the minds of the entrepreneurs - should new types of risk management services or financial solutions be required.

‘As our SME customers go through different stages of growth, our relationship managers also grow with them and learn to understand their needs and business well,’ said OCBC head of emerging business Tan Chor Sen. ‘When the SMEs reach a certain growth stage where they have more complex needs, we are able to offer customised financing solutions, ranging from quasi-capital, syndicated loan, bond facilities to rights issues, to help them maximise their growth opportunities - for example, providing lead- managing and underwriting services to SMEs that have IPO listing plans.’

The services providers are seemingly undaunted by the risks involved in engaging smaller SMEs with low turnover or little track record.

‘By working with them early on in their growth stage we can advise them on how to expand their business and move to venture overseas without taking unnecessary risks, thus making the best use of their resources,’ said HSBC Singapore head of commercial banking Tan Siew Meng. ‘Our approach is to understand each business and work with them as partners…. That way, we know our clients’ business is well managed, which helps us to reduce possible risks.’

On top of awards, there are also noticeably more surveys - such as the annual SME Development Survey by DP Info and the UPS Asia Business Monitor - watching the sector. Last month, Sirius Venture Consulting launched a $30 million SME fund to invest in 10-12 firms in the growth and expansion stage.

Such positive sentiment for SMEs is set against a backdrop of a rising number of young bankrupts and forced business closures. In The Business Times report last week, credit analysis firm Amequity Pte Ltd noted that 42 per cent of those who went bankrupt in the first four months of this year were under 40, up from 34 per cent last year. Many are entrepreneurs struggling to cope with higher business costs.

In addition, the latest available data from the Insolvency and Public Trustee’s Office showed that the number of petitions filed for compulsory liquidation rose 41.7 per cent year-on-year to 17 in March. This is a 55.5 per cent increase from 11 in February. The number of companies wound up in March also increased 83.3 per cent year-on-year to 11, up from six in February.

The fact that SMEs form the bulk of the Singapore economy makes them hard to ignore. Depending on which definition one applies, there are about 150,000 to 300,000 SMEs in Singapore, not counting the new start-ups formed each day. Banks, especially, are churning out a plethora of offerings catering to a diverse group that may consist of small retail outfits, emerging growth companies, and industrial firms. Rather than being mere services providers, banks now want to be regarded as partners, especially in their overseas expansion.

‘They (SMEs) contribute 42 per cent of Singapore’s GDP and employ more than half the Singapore workforce,’ said Stanchart SME Banking general manager Kavita Bedi. ‘With this trend, both the government and private institutions are looking to help our SMEs become the larger corporates of tomorrow.’

 
Source : Business Times - 02 jun 2008

Singapore Property - Buy, Sell, Rent, Invest

Mindy Yong

(+65)91002985

mindy@mindyyong.com

Singapore JTC exploring waterfront shared facility

Singapore JTC exploring waterfront shared facility

Move to optimise use driven by scarce industrial waterfront land for marine, oil & gas sectors
By EMILYN YAP
(SINGAPORE) With the shortage of industrial waterfront land keenly felt in Singapore, JTC Corporation is exploring the creation of a shared waterfront facility at Tuas View for firms in the marine and oil and gas sectors.
To optimise the use of waterfront land, JTC is ‘looking into ways to masterplan a waterfront facility that can be shared by these users’, a JTC spokesperson told BT.

Inspiration came from the common jetty facility which the leisure marine industry in Brisbane, Australia, uses. JTC is in the preliminary stages of a feasibility study to adapt the concept for industrial uses.

To create more usable industrial waterfront land, JTC is also exploring the feasibility of increasing the depth of waters around Tuas View.

‘JTC is aware that there is a high demand for waterfront land by SMEs for the loading and unloading of goods, and by the marine and offshore engineering companies for their manufacturing operations,’ the spokesperson said.

Many companies located on waterfront land at Tuas today have their own waterfront facilities for the building of ships, oil equipment and other activities. With the growth of the marine and oil and gas industries, demand for waterfront land looks set to outstrip supply.

 
‘Since last year, we have received a number of enquiries from marine-related companies looking to lease or purchase industrial facilities with waterfront space in the Gul Basin and Benoi Basin areas for their expansion needs,’ said Bernard Goh, director of industrial services at CB Richard Ellis. ‘But there is a shortage of such supply in the market.’

A marketing executive with a marine company at Tuas also told BT that ‘we would like to expand, but there is not enough waterfront land to do so’.

In fact, Knight Frank’s head of industrial business space Lim Kien Kim reckoned that ‘with the impending redevelopment of Loyang Offshore Supply Base, Tuas seems to be the only location to meet immediate needs - it has the land infrastructure and a ’sheltered’ bay with good water depth’.

Loyang Offshore Supply Base houses close to 200 oil and gas services-related companies. One firm told BT that it is in final discussions to purchase waterfront land overseas, partly because of the lack of suitable sites in Singapore.

Data on the size of waterfront land at Tuas was unavailable from JTC. For land in the Tuas region, JTC charges a land rent of $10.01 to $16.93 per square metre (psm) per annum, or an upfront premium of $164 to $345 psm on a 30-year lease. Waterfront sites in Jurong command an additional waterfrontage fee of $594 to $891 per metre run per annum.

‘JTC would be on the right track to meeting industry demand,’ said Mr Goh of the plans to increase waterfront land. ‘However, more in-depth study may be needed for the shared waterfront facility’ to accommodate the different needs and time schedules of various businesses, he added.

 
Source : Business Times - 02 jun 2008

Singapore Property - Buy, Sell, Rent, Invest

Mindy Yong

(+65)91002985

mindy@mindyyong.com

KL puts off 50km petrol ban plan - Malaysia

KL puts off 50km petrol ban plan  - Malaysia

Cabinet to review practical issues related to curbs on foreign motorists

MALAYSIA has put off plans to ban foreign-registered vehicles from filling up on subsidised petrol in its border areas with Singapore and Thailand, Deputy Prime Minister Najib Razak said yesterday.
The ban was originally to start today for Thai-registered vehicles in the north and on June 9 for drivers of Singapore-registered cars in the south.

But Datuk Seri Najib, who is in Singapore to attend a security summit, told reporters that an anti-inflation Cabinet committee would meet tomorrow to review the plan.

‘We have to find a new effective date because there are other matters, like for example, can we have separate pumps because the Singaporeans are saying that they don’t mind paying the market rate,’ he said.

His comments indicated that the government may allow foreigners to buy higher-priced fuel, whereas the earlier plan was to impose a total ban on foreigners buying fuel.

He said that the postponement was made following requests by Singaporeans.

Many Malaysians who work in Singapore have also complained that they should be allowed to enjoy subsidised rates for their Singapore-registered vehicles, he added.

The move is part of Malaysia’s measures to curb soaring subsidies, which are expected to cost the government RM45 billion (S$19 billion) this year as global oil prices skyrocket.

It bars foreign-registered vehicles from refuelling at petrol stations within 50km of the country’s borders with Singapore and Thailand. The penalty for station owners who flout the rule is a fine of up to RM250,000 or a jail term of three years.

Separately, the Malaysian High Commissioner to Singapore, speaking to The Straits Times yesterday, said that the Malaysian government is conscious of the ‘practical issues’ that have arisen from the proposed ban.

There are many Malaysians who own Singapore vehicles, including some who live in Johor Baru but travel daily to work here, Datuk N. Parameswaran said.

They should not be ‘penalised’.

‘Being Malaysian, they should be able to enjoy a Malaysian facility extended to Malaysians,’ he said.

Mr Parameswaran said that government officials meeting tomorrow will discuss suggestions that Malaysians who own Singapore-registered vehicles be allowed to buy petrol by flashing their identity card, the MyKad.

‘That’s a very practical possibility,’ he added.

It had been reported that some Malaysians who own Singapore-registered vehicles were upset by the ban.

But others, like Ms Jenny Leong, thought it was fair.

‘I work in Singapore and live here, so I shouldn’t get to enjoy the subsidy,’ said the 60-year-old financial consultant, who is a permanent resident here.

ASSOCIATED PRESS
ADDITIONAL REPORTING BY CAROLYN QUEK
 
Source : Straits Times - 02 jun 2008

Singapore Property - Buy, Sell, Rent, Invest

Mindy Yong

(+65)91002985

mindy@mindyyong.com

For Rent - 38 Draycott Drive - District 10 - Singapore Apartment Condo Listing- 02.06.2008

For Rent - 38 Draycott Drive - District 10 - Singapore Apartment Condo Listing- 02.06.2008

TY : [C]ondo [D]uplex [H]iRise [L]oRise [T]ownHse [P]enthse [W]alkUp [M]asionette

TNR=Tenure, DT=District, BDRM=Bedroom, AREA=Built-In, STR=Storey, Price $K=In Thousand

Price are subject to changes , please call (+65) 91002985 for lastest update

 
Type      —  C
District  —  10
Estate    —  38 DRAYCOTT DR, #08-ABV
Area      —  1442
Bedroom    —  3
PSF        —  6.1
Price$  —  8800
Type      —  C
District  —  10
Estate    —  38 DRAYCOTT DR, #10-ABV
Area      —  1141
Bedroom    —  2
PSF        —  5.7
Price$  —  6500
Type      —  C
District  —  10
Estate    —  38 DRAYCOTT DR, #16-ABV
Area      —  1930
Bedroom    —  2
PSF        —  5.18
Price$  —  10000
Type      —  C
District  —  10
Estate    —  38 DRAYCOTT DR, #18-ABV
Area      —  1836
Bedroom    —  2
PSF        —  7.63
Price$  —  14000

 
Buy, Sell, Rent, invest, In Singapore
Mindy Yong

(+65) 91002985

mindy@mindyyong.com