Airbnb expands offerings with new upscale categories



[SAN FRANCISCO] Home-share titan Airbnb on Thursday took aim at more upscale travelers with new categories including premium lodging and properties for "trips of a lifetime." In one of the most significant updates since the San Francisco-based firm launched a decade ago, Airbnb added what it called "Plus" and "Beyond" lodging options along with a handful of new categories such as bed-and-breakfast, boutique and "unique space."



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Li Ka-shing unit is buyer of City Towers



JAPURA Development, linked to Hong Kong tycoon Li Ka-shing's Cheung Kong empire, is the party that clinched City Towers in Bukit Timah Road through a collective sale this month, The Business Times understands.



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Australia's Westfield says 'No Plan B' as Unibail deal shrinks



AUSTRALIAN shopping mall giant Westfield Corp ruled out trying to increase a US$16 billion buyout from France's Unibail-Rodamco after a decline in the European firm's shares drove down the deal's value, saying there was no Plan B.



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Gerald Crescent bungalow on offer at over S$35m



A HOUSE that was at the centre of a high-profile dispute - between a former tour guide from China and a Singaporean widow who owns it - has been put up for sale with an expected price of above S$35 million or S$1,100 per square foot on land area.



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Far East Orchard's full-year profit slumps 66.8%



DRAGGED by a decline in revenue, other income and share of profit from joint ventures, Far East Orchard reported a 66.8 per cent slump in net profit for the full year ended Dec 31, 2017 to S$21.61 million.



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Rich widow's bungalow up for sale with expected price of above S$35m



THE house at the centre of a bitter, high-profile dispute between a former China tour guide and a rich Singaporean widow has been put up for sale with an expected price of above S$35 million or S$1,100 per square foot on land.



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Thai mall operator profits up 47% on tourism boom



[BANGKOK] Thai retail property developer Central Pattana Pcl (CPN) reported net profit of 13.6 billion baht (S$570 million) for its 2017 fiscal year on Wednesday, up 47 per cent from a year earlier.



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Out with the old building, in with the new for JPMorgan Chase



[NEW YORK] The future of Midtown Manhattan is starting to arrive.



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Soul-searching as symbol of 70s Singapore faces demolition



[SINGAPORE] The looming demolition of a horseshoe-shaped tower block that symbolised Singapore's growth from a port town to an affluent city-state has sparked soul-searching about whether enough is being done to protect the country's recent history.



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Barangaroo: Sydney's hot new district



IT'S almost impossible to think the Sydney Opera House, which receives more than eight million visitors each year, could ever be outdone by anything else on Sydney Harbour. But takeĀ a five-minute taxi ride west of the harbour's iconic bridge, and you'll find Barangaroo, a new waterfront development that's proving to be quite the competitor.



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AccorHotels' 2017 profits beat expectations



ACCORHOTELS, Europe's largest hotel company, posted a forecast-beating 10.1 per cent rise in like-for-like operating profits for 2017, helped by cost controls and robust demand in all key regions except Brazil.



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British Columbia takes aim at housing speculation



BRITISH Columbia moved on Tuesday to crack down on real estate speculators, expanding its foreign buyer tax and introducing a new speculation tax, as part of a wide-ranging strategy to cool housing prices in Canada's most expensive real estate market.



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Pomex Court up for sale for at least S$37m



POMEX Court in 50 Lorong 101 Changi Road is set to be put up for collective sale, with a minimum price of S$37 million, or S$998 per square foot per plot ratio.



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EL Development buys Singtel's Hill Street property



SINGTEL is selling its Hill Street property - for which planning approval has been granted for redevelopment into a hotel - to homegrown-property group EL Development.



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9,999-year Guillemard site up for sale at indicative price of S$99m



A 9,999-year leasehold residential site in Guillemard Road/Jalan Molek has been put up for sale by a single, unnamed owner at an indicative price of S$99 million. The tender for the site, located at 1 to 21A Jalan Molek and 217 to 223A Guillemard Road will close on March 20 at 3pm.



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