Singapore's CBD sees shifting mix of tenants: Jones Lang LaSalle
Tech companies such as Google and LinkedIn have been opening new offices or expanding existing ones in the city-state, Jones Lang LaSalle said in an article posted on its website.
SINGAPORE: Over the last three years, the global financial firms that dominated 60 per cent of office space in Singapore’s Central Business District (CBD) have given up 500,000 square feet (sq ft) in space. Taking their places are big names from the e-commerce, consumer products and insurance industries, according to real estate group Jones Lang LaSalle.
“Ten years ago all anyone wanted was financial houses because they saw them as a growing industry that had the ability to pay,” Mr Chris Archibold, Head of Markets for Jones Lang LaSalle in Singapore, said. “Now any intelligent asset manager wants a bit more of a mix.”
IT: THE NEW OFFICE SPACE GRABBERS
Tech companies like Twitter, Booking.com and eBay have been opening new offices or expanding existing ones in Singapore, Jones Lang LaSalle said in an article posted on its website. PayPal has placed its international headquarters in the city, while Facebook is looking to double its space and LinkedIn is taking up the 50,000 sq ft of space vacated by Barclays.
Google has expanded six times and its Asia-Pacific headquarters now span four floors at Asia Square in Marina Bay. The building, which also houses re-insurers such as Swiss Re and SCOR, has 400 bicycle racks and showers so staff of the search engine operator can bike to work.
“You have this very bizarre dichotomy of Citibank bankers in their shiny shoes and guys in flip flops and shorts in the same elevator,” said Mr Hugh Andrew, the head of asset management for Asia Pacific at BlackRock. BlackRock owns the building via one of its funds.
LIFESTYLE A DRAW
Singapore’s pleasant lifestyle has made it a draw for companies looking to attract top talent, according to Jones Lang LaSalle. For instance, cosmetics company L’Oreal moved many of its Asian operations from Shanghai to Singapore, one motive being the need to retain senior staff who demand higher standards of living and better education for their children.
Other companies which have moved to Singapore include General Motors, which moved its Asian headquarters from Shanghai, taking over 30,000 sq ft of space from the Bank of America Merrill Lynch. The insurer Aon is also building its Asia-Pacific hub in Singapore and toy-maker Lego is in the Marina Bay Financial Centre.
“For modern companies with young employees, they will want to know answers to questions such as ‘will I be working in a sustainable environment?’” Mr Andrew said. “Twenty years ago, people were just wondering how big their office was going to be, and if it came with a parking space?”
- CNA/cy
- wong chee tat :)
Friday, August 15, 2014
Eyeing a dream job? Maintain your online professional profile
Eyeing a dream job? Maintain your online professional profile
About 46 per cent of Singaporeans say they maintain their CVs frequently but not so their professional social media profiles, according to Hays.
SINGAPORE: Almost 50 per cent of Singaporeans say they update their CVs often, but only 29 per cent say they keep their CVs and professional social media profiles up to date, said recruiting firm Hays.
In a statement on Tuesday (Aug 12), the company said that in its poll of 736 Singaporeans, 46 per cent indicated that they update their CVs most frequently. About 25 per cent only update their professional social media profile, while 29 per cent update both.
Comparing these results with job seekers around the region, Singaporeans who update both CVs and social media profiles are equal to those in Malaysia and slightly ahead of Hong Kong (25 per cent) and Japan (27 per cent). They are behind their Chinese counterparts (38 per cent), however, Hays said.
Commenting on the findings, Ms Christine Wright, Managing Director of Hays in Asia, said: "Job seekers need a dual approach in today's job search. They need to recognise the power and relevance of social media and put their best self out there by updating their online profiles as well their CVs regularly."
Hays also suggested the following for those looking to update their online profiles:
Audit Yourself: Take a subjective view of your current online profile by searching for your name. If you do not like what you see, change it.
Strengthen Your 'Brand': Use a professional looking head-and-shoulders profile picture, as it humanises you and is important since people are unlikely to connect with an anonymous profile.
Write A Compelling Bio: Make sure potential employers can learn from the bio what sets you apart.
- CNA/kk
- wong chee tat :)
About 46 per cent of Singaporeans say they maintain their CVs frequently but not so their professional social media profiles, according to Hays.
SINGAPORE: Almost 50 per cent of Singaporeans say they update their CVs often, but only 29 per cent say they keep their CVs and professional social media profiles up to date, said recruiting firm Hays.
In a statement on Tuesday (Aug 12), the company said that in its poll of 736 Singaporeans, 46 per cent indicated that they update their CVs most frequently. About 25 per cent only update their professional social media profile, while 29 per cent update both.
Comparing these results with job seekers around the region, Singaporeans who update both CVs and social media profiles are equal to those in Malaysia and slightly ahead of Hong Kong (25 per cent) and Japan (27 per cent). They are behind their Chinese counterparts (38 per cent), however, Hays said.
Commenting on the findings, Ms Christine Wright, Managing Director of Hays in Asia, said: "Job seekers need a dual approach in today's job search. They need to recognise the power and relevance of social media and put their best self out there by updating their online profiles as well their CVs regularly."
Hays also suggested the following for those looking to update their online profiles:
Audit Yourself: Take a subjective view of your current online profile by searching for your name. If you do not like what you see, change it.
Strengthen Your 'Brand': Use a professional looking head-and-shoulders profile picture, as it humanises you and is important since people are unlikely to connect with an anonymous profile.
Write A Compelling Bio: Make sure potential employers can learn from the bio what sets you apart.
- CNA/kk
- wong chee tat :)
Private home sales remain flat in July
Private home sales remain flat in July
Developers sold 484 new private homes last month, up marginally from the 482 units sold in June, according to the Urban Redevelopment Authority.
SINGAPORE: The private housing market remained in the doldrums in July, with sales of private homes remaining flat as developers continued to scale back new launches.
Property developers sold 484 new private homes last month, up marginally from the 482 units sold in June, latest data from the Urban Redevelopment Authority (URA) showed on Friday (Aug 15). Including executive condominiums (ECs), 535 new units were sold in July, up from 531 units the previous month.
The lacklustre sales came as developers launched just 434 new units, slightly more than the 418 units launched in June. In May, 1,488 new private homes were sold as developers launched 1,819 units.
- CNA/cy
- wong chee tat :)
Developers sold 484 new private homes last month, up marginally from the 482 units sold in June, according to the Urban Redevelopment Authority.
SINGAPORE: The private housing market remained in the doldrums in July, with sales of private homes remaining flat as developers continued to scale back new launches.
Property developers sold 484 new private homes last month, up marginally from the 482 units sold in June, latest data from the Urban Redevelopment Authority (URA) showed on Friday (Aug 15). Including executive condominiums (ECs), 535 new units were sold in July, up from 531 units the previous month.
The lacklustre sales came as developers launched just 434 new units, slightly more than the 418 units launched in June. In May, 1,488 new private homes were sold as developers launched 1,819 units.
- CNA/cy
- wong chee tat :)
Scheduled Maintenance - POSB
Scheduled Maintenance - POSB
- wong chee tat :)
| Service | Scheduled Maintenance Date | Expected Downtime | Remarks |
| iBanking | 17 Aug 2014 | 0200hrs to 0400hrs |
Additional Credit Card Application
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EStatements
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Contact US
- Personal Inbox - Compose - Sent Mail |
| 17 Aug 2014 | 0200hrs to 0400hrs |
Funds Transfer Overseas
- Add Payee / Send Money (Send Money to Overseas Bank Account) - Enquire on Transactions (Send Money to Overseas Bank Account) - Add Payee / Send Money (DBS India Remit) - Enquire on Transactions (DBS India Remit) - Add Payee / Send Money (DBS Indonesia Remit) - Enquire on Transactions (DBS Indonesia Remit)
My Preferences
- Alerts | |
| 17 Aug 2014 | 0900hrs to 1100hrs |
Additional Credit Card Application
- Debit Card Application - DBS One TAP application - Application Status Overview - Document Upload
EStatements
- View EStatements
Contact US
- Personal Inbox - Compose - Sent Mail | |
| 17 Aug 2014 | 0900hrs to 1100hrs |
Funds Transfer Overseas
- Add Payee / Send Money (Send Money to Overseas Bank Account) - Enquire on Transactions (Send Money to Overseas Bank Account) - Add Payee / Send Money (DBS India Remit) - Enquire on Transactions (DBS India Remit) - Add Payee / Send Money (DBS Indonesia Remit) - Enquire on Transactions (DBS Indonesia Remit)
My Preferences
- Alerts | |
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| 23 Aug 2014 | 1000hrs to0000hrs | System Maintenance - Online Equity Trading | |
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| 24 Aug 2014 | 0000hrs to 2200hrs | System Maintenance - Online Equity Trading | |
| 24 Aug 2014 | 1820hrs to 1835hrs |
System Maintenance
- Credit Card Payment New: Pay Other Banks' Visa and Mastercard bills New: Make Payment, Add Payee - Send Money to an Overseas Visa Card (Visa Personal Payments) New: Send Money, Add Beneficiary | |
| 24 Aug 2014 | 2205hrs to 2220hrs | System Maintenance - Credit Card Payment New: Pay Other Banks' Visa and Mastercard bills New: Make Payment, Add Payee - Send Money to an Overseas Visa Card (Visa Personal Payments) New: Send Money, Add Beneficiary | |
| Cards & unsecure Loan application forms / Vickers form | - | - |
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| mBanking | - | - |
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| Paylah | - | - |
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| iB Application | - | - |
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| iB - Trading Services | 23 Aug 2014 | 1000hrs to 0000hrs |
System Maintenance
- iB trading services |
| 24 Aug 2014 | 0000hrs to 2200hrs |
System Maintenance
- iB trading services | |
| D2Pay | 24 Aug 2014 | 0300hrs to 0600hrs |
System Maintenance
-D2Pay |
| Phone Banking | - | - |
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| NETS | - | - |
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| Passbook Update | - | - |
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| Automated Teller Machine (ATM) | - | - |
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| Cash Deposit Machine | - | - | - |
| Coin Deposit Machine | - | - | - |
| Cheque Deposit Machine | - | - | - |
| POSB Print | - | - | - |
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- wong chee tat :)
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