At Turf City Shopping Mall, it is estimated that 70% of the retailers are expected to move out by 29 Feb 2012 because of the high rental and expected renovation works to be carried out by new Singapore Land Authority (SLA) master tenant SH Cogent Logistics. A few current tenants say they are not renewing their leases with SH Cogent Logistics because the new rent they are asking is several times higher than what they are paying now. But SH Cogent said the new rates are no higher than the market rate, and it was the previous master tenant Singapore Agro Agricultural (SAA) was charging far lower rents. Read more »
The High Court has sentenced two former Singapore Land Authority (SLA) employees for dipping their hands into SLA Coffer. They “made-off” with over S$12 Millions. Koh Seah Wee, aged 41, an SLA deputy director was sentenced to 22 years imprisonment for money laundering and cheating his ex-employer. Koh’s subordinate cum accomplice, Christopher Lim Chai Meng, aged 38, was sentenced to 15 years in jail. Read more »
The Singapore Land Authority (SLA) after booting out Turf City Management from the old Singapore Turf Club land at Bukit Timah, has awarded the six plots of land to the following bidders: SH Cogent Logistics Pte Ltd, The Blue House Nursery Pte Ltd, Centaurs Group Pte Ltd, Tanglin Rugby Club and WWTBF Pte Ltd. They will be paying SLA nearly SDG $1.3 Million per month in rental from March 2012. Read more »
The Singapore Land Authority (SLA) has made 29 Feb 2012, the deadline for the 160 businesses there to vacate the site, which is state property. Turf City Management, which is mostly owned by Singapore Agro Agricultural (SAA) was given a 6 months extension as their 10-years lease which started in 2001 had expired. SAA asked for an extension to give its sub-tenants time to relocate their businesses. Turf City Management has started to slowdown the operation and even shutdown its website. The www.turfcity.com.sg displayed only one message “Website under construction”.
People, Places, Religion No Comments
Mrs Ivy Singh-Lim, Boss of Bollywood Veggies, appeared in court on charges relating to her farm along Neo Tiew Road in Kranji. She was accused of failing to engage a professional engineer to conduct the inspection of her farm. The Building and Construction Authority (BCA) had sent numerous notices to her farm since April 2008. Her lawyer argued for the charges to be dropped, claiming the Building and Construction Authority (BCA) was singling Bollywood Veggies out for prosecution while other farms there were illegally operating and occupying their premises without the proper permits. Her farm was leased from the government’s Singapore Land Authority (SLA) for 20 years.
People, Places, Religion No Comments
First he totaled his brand new Ferrari by crashing it into a tree on a clear day. Then he got sideswipe by his colleague’s Lambo. Now it seems that he had slammed himself directly into the slammer. Today 26 more charges were thrown at him for concealing, converting and transferring more than $1.8 million dollars of the loot. In addition, another charge for cheating a car finance company $350,000 with another man was pelted at him. Mr. Christopher Lim Chai Meng did all these for love of his exotic cars which included Ferrari and Porsche.
A 40-year-old SLA (Singapore Land Authority) executive, Mr. Koh Seah Wee, found a “Lohbang” (gap) in the Statutory Board’s procurement system. He then got SLA to pay large sums of money to 10 firms for computer and IT services for almost two-years from 2008 with no actual delivery. Seven of these companies were owned by a 31-year-old businessman. Mr. Koh then use the ill-gotten public money to buy his 38-year-old wife a flashy million dollar Lambo sports car and a million dollar freehold apartment Axis @ Siglap.
A chilli red Ferrari costed S$720,000 crash along Nicoll Highway early morning. The very lucky 36-year-old driver, Mr. Chris Lim Chai Meng walks away almost unharmed. An SCDF spokesman said Lim had only minor cuts on his arms and forehead. The badly mangled Ferrari F430, (had a highly auspicious registration number SJV 82D) had mounted the kerb, hit a guardrail, flipped a couple of times and then a tree. According to insurance record, the SGD $720,000 car was scrapped and sold for $10,800.
The Singapore Land Authority (SLA) a 10-year lease of the 56-ha old Bukit Timah Turf Club state land for $14.04 million (from 1 September 2001 to 31 August 2011) to Turf City Management, a consortium led by Singapore Agro Agricultural (SAA). In turn, they offered their sub-tenants a 3-years lease with an option to renew for up to nine years. The Turf City mall occupies 760,000 sq ft and houses more than 160 tenants, ranging from Giant hypermarket to car dealerships and restaurants. Read more »