Monday, March 31, 2008
Singapore Property News: [RealEdge] TodayOnline : A revolutionary idea - a hotel in a park
Browsing my google reader today, I came across the work of Sarah Anne Johnson via Brian Ulrich's blog. Sarah Anne JohnsonHer work (at least what I could find) combines pictures and clay pieces of her experiences at a tree planting summer program that is a coming of age experience for many Canadian adolescence. Her combination of processes is really smooth although I have to admit I like her clay pieces more. Camping 2003.
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Just in time for April Fool's Day, Solomon Lew's spin about his bid for Just Group has hit the press. Some might say that investing with Lew is a pretty spectacular risk, as it was when he was last chair of Premier Investments and Coles Myer. In the weeks and months ahead, Lew's record of stewardship of public companies will be an inescapably important issue for Just Group shareholders to consider. Lew is understood to have enjoyed over a billion dollars of sweetheart business with the Coles Myer group. Analysts - who are more polite than the OC can be about Lew the Looter - have uniformly opposed Lew's bid as too cheap, containing too little cash and generally opportunistically exploiting the temporary slowdown in retail due to high interest rates. Lew is a crook but he knows his retail, if he's buying it's because he thinks the company is a steal. Robert Lake, a retail industry analyst slammed the Lew grab for Just Group with the ABC reporting: Analysts like Rob Lake say the bid is opportunistic.ROB LAKE, ANALYST, BRANDISH: I think it's a very good deal for Solomon Lew. And his Just Group bid is in keeping with Ari Sharp of The Age has skewered Sol Lew's disgracefully opportunistic low-ball less than half-cash bid for major Australian retailer Just Group. Malcolm Maiden at The Age, who is on friendly terms with Lew's press factotum Michael McLeod (who curiously seems to be putting on more weight as Lew loses his) thinks the bid is very skinny.
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a hotel in a park Balestier Road site will face Sun Yat Sen Memorial Hall Tuesday • This means the developer will be able to create a unique garden setting for the hotel, and enhance the experience for hotel guests and visitors to the memorial hall — This, together with outdoor refreshment areas as well as tea pavilions, will help to inject greater vibrancy into the park and the surrounding area. With excellent frontage along Balestier Road, the plot has a maximum permissible gross floor area of about 40,000sq m, at least 60 per cent of which is meant for a 650-room hotel and hotel-related uses, while the rest is for commercial and residential use. Mr Nicholas Mak, director of consultancy and research at Knight Frank, said that while it would be unique to tie in the hotel with the area's heritage, it poses several challenges for the developer and may draw less than five bids. "As most of the nearby hotels in the area are small, the proposed hotel, if it is targeted at a different market segment, would not face stiff competition when completed," In light of the temporary hotel room crunch facing Singapore, property analysts Today spoke to say that while the area's heritage would be an added bonus, what is really driving the market is the increase in visitors to the island. "To really make a difference, it would be necessary to preserve the whole Balestier area, and not just selected parts such as the Sun Yat Sen memorial hall,"
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