Retail rents in S'pore up 2% in 2012






SINGAPORE: Prices of shop space rose 2.0 per cent in 2012, while rentals dropped marginally by 0.3 per cent according to the latest statistics from the Urban Redevelopment Authority (URA).

Yields of retail units have dropped last year, but most market experts Channel NewsAsia spoke to are optimistic about the demand for retail space in Singapore from both investors and retailers.

After just one week, some retail units at the newly-launched mixed commercial development Alexandra Central are reportedly put on the market again.

Such speculation raises the possibility of cooling measures being extended to the commercial property sector where prices of strata-titled retail units have jumped by some 56 per cent over the last two years while median rentals have gone up by up to 35 per cent, according to Savills Singapore.

Alan Cheong, research head at Savills Singapore, said: "Rentals are not keeping up with price increases, meaning there will be yield compression. We also noticed that strata title units sold was about 1,274 square feet (in 2010). Last year, it was only 430 square feet. There is shrinkage in the average size of retail units."

A smaller strata-titled unit could reduce the capital outlay for investors despite prices on a per square foot basis getting more expensive.

But market experts note that vacancy rates at 5.2 per cent in the fourth quarter of 2012 is at a 15-year low.

Unlike residential private property where an oversupply may be expected in the next few years, analysts believe demand for retail space is still strong.

Ku Swee Yong, CEO of International Property Advisor, said: "The future supply coming on stream will be spaced out for the next four to five years. And a large number of is concentrated in Jurong East where there will be creation of several thousand new jobs in two hospitals."

Prime rents like those on Orchard Road are expected to stay resilient. In the worst case scenario, analysts expect a mild correction of up to three per cent. This is because of the strengthening Sing dollar and a slower Singapore economy in 2013.

Analysts said URA data on shop space rentals are derived from a wide variety of commercial properties like strata-titled units, and those belonging to real estate investment trusts or REITS.

A decline in the rental index in shop space could be due to a higher number of leases from those in the heartlands, which are typically lower than those from the Orchard Road belt.

- CNA/fa



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Supreme Court directs Karnataka to file report on water sharing with TN

NEW DELHI: The Supreme Court today directed Karnataka to furnish all the information on amount of Cauvery river water shared by it to Tamil Nadu since 1992 and said that out of box thinking is required on the part of warring states to sort out the dispute.

A bench of justices R M Lodha and J Chelameswar asked Karnataka to submit its report tomorrow when it will hear the plea on passing intermin direction on sharing of water by the two states.

The bench also observed that requirement of drinking water for Karnataka should be given priority over water needed by Tamil Nadu for irrigation purpose and some out of box thinking is required to balance the demand of two states.

"Some equitable sharing has to be done. Some out of box thinking is required. There has to be some interim solution," the bench said while pulling Karnataka for not adhering to the formula of water sharing.

Earlier on December 5, the Supreme Court had directed Karnataka to release 10,000 cusecs of Cauvery water daily to its neighbouring state and asked Cauvery Monitoring Committee (CMC) to hold a meeting to decide the amount of water required by each state.

Cusec is a measure of flow rate of water and is abbreviation for cubic feet per second (which is equivalent to a flow of 28.317 litres per second) and 11,000 cusecs flow for a day amounts to 1 TMC (thousand million cubic feet) water.

The committee had then directed Karnataka to provide Tamil Nadu with 12 TMC of Cauvery water during December and did not pass any order for the month of January as the Centre had assured the apex court that it would notify the Cauvery Water Disputes Tribunal award by December 31.

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CDC: Flu seems to level off except in the West


New government figures show that flu cases seem to be leveling off nationwide. Flu activity is declining in most regions although still rising in the West.


The Centers for Disease Control and Prevention says hospitalizations and deaths spiked again last week, especially among the elderly. The CDC says quick treatment with antiviral medicines is important, in particular for the very young or old. The season's first flu case resistant to treatment with Tamiflu was reported Friday.


Eight more children have died from the flu, bringing this season's total pediatric deaths to 37. About 100 children die in an average flu season.


There is still vaccine available although it may be hard to find. The CDC has a website that can help.


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CDC: http://www.cdc.gov/flu/


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Gym Turned Into Morgue for Nightclub Fire Victims













Coffins lined a gymnasium in Santa Maria, Brazil, today as family members tried to identify their loved ones after a fast-moving fire tore through a crowded nightclub Sunday morning, killing more than 230 people and injuring hundreds more.


A community gym near the popular Kiss nightclub has been converted to a temporary morgue were family members were led in one by one Sunday night and early this morning to identify the dead. Outside the gym police held up personal objects, including a black purse and blue high-heeled shoe, as people seeking information on loved ones crowded around, hoping not to recognize anything they were being shown.


"Doctors from other parts of Brazil were flown in to assist the medical side of this," BBC reporter Julia Carneiro told ABC News this morning. "One hundred people are injured and in hospital. Some have been flown to other cities that have better hospital capacity."


PHOTOS: Santa Maria, Brazil Nightclub Fire


Flames and smoke outraced a terrified crowd at the Kiss nightclub, located in the southern city of Santa Maria, shortly after 2 a.m. Sunday morning. Panicked partygoers tried to outrun flames and black, thick smoke, but the club appeared to have only one open exit, police Maj. Cleberson Braida Bastianello told The Associated Press.


Police confirmed that the toll had risen to 231 with the death of a hospitalized victim.


Hours after the fire, cellphones on the victims were ringing inside the still-smoldering nightclub as family members tried to contact their loved ones, Brazilian radio reporter Sara Bodowsky told "World News" anchor David Muir.






JEFFERSON BERNARDES/AFP/Getty Images













Brazil Nightclub Fire: Nearly 200 People Killed Watch Video





"It's really like a war zone in here. We have [over 230] bodies laid down, side by side, so the families go inside one by one. They look at the bodies," Bodowsky said.


The first funerals for the victims were scheduled to begin later today for those families who have identified their loved ones.


"It was terrible inside. It was like one of those films of the Holocaust, bodies piled atop one another," police inspector Sandro Meinerz said Sunday. "We had to use trucks to remove them. It took about six hours to take the bodies away."


Investigators believe the blaze began when a band's small pyrotechnics show ignited foam sound insulating material on the ceiling, releasing a putrid haze that caused scores of people to choke to death.


Survivors and police inspector Marcelo Arigony said security guards briefly tried to block people from exiting the club in the mass confusion and chaos moments after the fire began.


But Arigony said the guards didn't appear to block fleeing patrons for long. "It was chaotic and it doesn't seem to have been done in bad faith because several security guards also died," he told the AP.


Police Maj. Bastianello told the AP by telephone the death toll was likely made worse because the nightclub appeared to have just one exit through which patrons could exit.


A security guard told the newspaper Diaro de Santa Maria that the club was filled to capacity, with 1,000 to 2,000 people inside.


Meanwhile, people outside tried to break through walls to get in to save those trapped inside.


Michele Pereira told the Folha de S. Paulo newspaper that she was near the stage when members of the band lit some sort of flare.


"The band that was onstage began to use flares and, suddenly, they stopped the show and pointed them upward," she said. "At that point, the ceiling caught fire. It was really weak, but in a matter of seconds it spread."


Guitarist Rodrigo Martins told Radio Gaucha that the band, Gurizada Fandangueira, started playing at 2:15 a.m. "and we had played around five songs when I looked up and noticed the roof was burning."


"It might have happened because of the Sputnik, the machine we use to create a luminous effect with sparks. It's harmless, we never had any trouble with it," he said. "When the fire started, a guard passed us a fire extinguisher, the singer tried to use it but it wasn't working."


He confirmed that accordion player Danilo Jacques, 28, died, while the five other members made it out safely.


Brazilian President Dilma Rousseff, who was attending a summit with European Union leaders and the Community of Latin American and Caribbean States in Chile, cut her trip short and returned home to Brazil Sunday.






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Nightclub fire kills 245 in southern Brazil


PORTO ALEGRE, Brazil (Reuters) - A fire in a nightclub killed at least 245 people in southern Brazil on Sunday when a band's pyrotechnics show set the building ablaze and fleeing patrons were unable to find the emergency exits in the ensuing panic, officials said.


The blaze in the southern city of Santa Maria was started when a band member or someone from its production team ignited a flare, which then set fire to the ceiling, said Luiza Sousa, a civil police official. The fire spread "in seconds," she said.


An estimated 500 people were in the Boate Kiss nightclub when the fire broke out early on Sunday, and many were unable to find the exits as dark smoke quickly filled the room. At least one exit was locked, trapping hundreds inside to die, many from asphyxiation as they inhaled smoke, police said.


"When I looked around, all I saw were dead bodies all around, lying on the floor. It was macabre," survivor Taynne Vendrusculo told GloboNews TV. "It all happened so fast. Both the panic and the fire spread rapidly, in seconds."


Television footage showed people sobbing outside the club, while shirtless firefighters used sledge hammers and axes to knock down an exterior wall to open up an exit.


By noon (1400 GMT), the death toll had risen to 245 and 48 people were being treated in local hospitals, said Major Cleberson Bastianello, head of the military police unit leading the rescue efforts. He said all of the bodies of the victims had been removed from the nightclub.


President Dilma Rousseff, who started her political career in the same state where the fire happened, cut short a visit to Chile to return to Brazil to visit the scene. Before departing, Rousseff gave a televised statement in which she broke out in tears as she pledged government help for the victims and their families.


"We are trying to mobilize all possible resources to help in the rescue efforts," she said. "All I can say at the moment is that my feelings are of deep sorrow."


The disaster recalls other incidents including a 2003 fire at a nightclub in West Warwick, Rhode Island, that killed 100, and a Buenos Aires nightclub blaze in 2004 that killed nearly 200. In both incidents, a band or members of the audience ignited fires that set the establishment ablaze.


Brazil's safety standards and emergency response capabilities are under particular scrutiny as it prepares to host the 2014 World Cup soccer tournament and the 2016 Olympics.


The Boate Kiss nightclub was a popular venue in Santa Maria, a university town of more than 275,000 people. The massive nightclub sometimes attracts up to 2,000 people on a given night, according to reviews on the Internet.


One of the club's owners had already surrendered to police in Santa Maria for questioning, GloboNews reported.


Rio Grande do Sul state Health Secretary Ciro Simoni said emergency medical supplies from all over the state were being sent to the scene.


Santa Maria is some 186 miles west of the state capital of Porto Alegre. "A sad Sunday!" tweeted Rio Grande do Sul Governor Tarso Genro. He said "all possible measures" were being taken in response.


(Additional reporting by Guillermo Parra-Bernal, Gustavo Bonato, Leila Coimbra, Todd Benson, Jeferson Ribeiro and Brian Winter; Editing by Todd Benson, Kieran Murray and Eric Beech)



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Syria pledges to end opposition prosecutions






DAMASCUS: Syria's high judicial council has announced a suspension of prosecutions of opposition members so they can join a national dialogue, state media reported on Sunday, without detailing the nature of crimes affected by the ruling.

The report comes after Interior Minister Mohammed al-Shaar had earlier vowed to ease the return of Syrian opposition members living in exile so that they too can take part in the dialogue proposed by President Bashar al-Assad on January 6.

"The high judicial council has decided to discontinue all prosecutions against opposition forces and individuals so they may participate in the national dialogue" the official news agency SANA said, without elaborating.

The council stressed that those "opposition forces will be designated by the government or first ministerial action group charged with implementing the preparatory phase of the programme to resolve the Syrian crisis."

In his January 6 speech, Assad proposed a dialogue with opposition figures who were not "slaves of the West" and on condition that "terrorist attacks" came to a halt before any political transition.

The regime has branded activists and armed insurgents alike as terrorists.

Shaar, in comments reported by state media on Saturday, said the directive allowing Syrians living abroad to return was not a blanket amnesty.

"Executive orders will be issued to border crossings to facilitate and guarantee that all political opposition forces may enter the country, maintain residency and leave at will," Shaar was quoted as saying.

"There is a big difference between those who safeguard their nation and those who are complicit in foreign agendas."

The United Nations says that more than 60,000 people have been killed in Syria's uprising, which broke out in March 2011 with peaceful protests and morphed into an armed insurgency after a harsh regime crackdown.

- AFP/xq



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Decision on Telangana deferred yet again

NEW DELHI/ HYDERABAD: A decision on the Telangana statehood demand was deferred today with the Centre and Congress saying there was need for "further consultations" which will take a "little more time" even as pro-Telangana activists intensified their agitation.

On the eve of the one-month deadline set by him to arrive at a decision on the contentious issue, home minister Sushilkumar Shinde and the Congress spoke on similar lines seeking more time to resolve the matter.

While Shinde said it may take some more time to reach a final decision, Congress ceneral secretary in-charge of Andhra Pradesh Ghulam Nabi Azad made it clear that "further consultations" with leaders from Andhra Pradesh are required.

"On Telangana issue, consultation process is on. It may take little more time to reach a final decision," Shinde said in a brief statement.

Azad said, "we need some more consultations with senior leaders of Andhra Pradesh of all three regions and for that we shall have to invite them here. We are also going to invite the Chief Minister and PCC chief for further consultations."

"There is no deadline but we will invite them as early as possible," he said when asked whether there is any deadline for the meeting.

Shinde had on December 28, 2012 said the Centre would announce a decision on the contentious issue in a month. However, Azad had last week indicated that the decision may be delayed.

Even before the announcement came, pro-Telangana activists launched a 36-hour protest programme in Hyderabad to mount pressure on government to concede to their statehood demand.

Scores of pro-Telangna leaders and activists, including TRS MLA K T Rama Rao, were taken into custody at different places when they attempted to march towards the protest venue but were allowed later after the government intervened.

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CDC: Flu seems to level off except in the West


New government figures show that flu cases seem to be leveling off nationwide. Flu activity is declining in most regions although still rising in the West.


The Centers for Disease Control and Prevention says hospitalizations and deaths spiked again last week, especially among the elderly. The CDC says quick treatment with antiviral medicines is important, in particular for the very young or old. The season's first flu case resistant to treatment with Tamiflu was reported Friday.


Eight more children have died from the flu, bringing this season's total pediatric deaths to 37. About 100 children die in an average flu season.


There is still vaccine available although it may be hard to find. The CDC has a website that can help.


___


CDC: http://www.cdc.gov/flu/


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Authorities: 245 Dead in Brazil Nightclub Fire













A fire swept through a crowded nightclub in southern Brazil early Sunday, killing at least 245 people and leaving at least 200 injured, police and firefighters said.



Police Maj. Cleberson Braida told local news media that the 245 bodies were brought for identification to a gymnasium in the city of Santa Maria.



That toll would make it one of the deadliest nightclub fires more than a decade.



The cause of the fire is not yet known, officials said. Officials earlier put the death toll at 180.



Civil Police and regional government spokesman Marcelo Arigoni told Radio Gaucha earlier that the total number of victims is still unclear and there may be hundreds injured,



The newspaper Diario de Santa Maria reported that the fire started at around 2 a.m. at the Kiss club in the city at the southern tip of Brazil, near the borders with Argentina and Uruguay.





Rodrigo Moura, whom the paper identified as a security guard at the club, said it was at its maximum capacity of between 1,000 and 2,000, and partygoers were pushing and shoving to escape.



Ezekiel Corte Real, 23, was quoted by the paper as saying that he helped people to escape. "I just got out because I'm very strong," he said.



"Sad Sunday", tweeted Tarso Genro, the governor of the southern state of Rio Grande do Sul. He said all possible action was being taken and that he would be in the city later in the day.



Santa Maria is a major university city with a population of around a quarter of a million.



A welding accident reportedly set off a Dec. 25, 2000, fire at a club in Luoyang, China, killing 309.



At least 194 people died at an overcrowded working-class nightclub in Buenos Aires, Argentina, in 2004.



A blaze at the Lame Horse nightclub in Perm, Russia, broke out on Dec. 5, 2009, when an indoor fireworks display ignited a plastic ceiling decorated with branches, killing 152



A nightclub fire in the U.S. state of Rhode Island in 2003 killed 100 people after pyrotechnics used as a stage prop by the 1980s rock band Great White set ablaze cheap soundproofing foam on the walls and ceiling.



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At least 22 die in Egyptian clashes over death sentences


PORT SAID, Egypt/CAIRO (Reuters) - At least 22 people died on Saturday when Egyptians rampaged in protest at the sentencing of 21 people to death over a soccer stadium disaster, adding to bloody street turmoil confronting Islamist President Mohamed Mursi.


Armored vehicles and military police fanned through the streets of Port Said after the violence. The state news agency quoted a general as saying the military aimed to "establish calm and stability in Port Said and to protect public institutions".


The unrest began with nationwide rallies on Friday to mark the second anniversary of the overthrow of autocrat Hosni Mubarak, a democratic uprising that protesters now accuse Mursi of betraying by ramming through an Islamist-hued constitution.


While anniversary-related violence subsided, a new flare-up hit Port Said after a court sentenced 21 men to die for involvement in the deaths of 74 people after a local soccer match on February 1, 2012, many of them fans of the visiting team.


Residents ran wildly through the streets of Port Said in rage that men from their city had been blamed for the stadium disaster, and gunshots were reported near the prison where most of the defendants were being held.


State television, citing the Health Ministry, said 22 people were killed and more than 200 wounded. Security sources said at least two of the dead were policemen.


A witness said some men stormed a police station in Port Said, where protesters lit tires in the street, sending black smoke funneling into the air.


At least nine people were killed in clashes with police on Friday, mainly in the port of Suez where the army has also deployed. Hundreds were injured as police rained down tear gas on protesters armed with stones and some with petrol bombs.


The schism between Islamists and secular Egyptians is hurting efforts by Mursi, freely elected in June, to revive an economy in crisis and reverse a slide in Egypt's currency.


The political strife and lack of security that has blighted the Arab world's most populous country over much of the post-Mubarak era is casting a chilling shadow over a parliamentary election expected to start in April.


Highlighting tensions, the opposition National Salvation Front coalition called for a government of national unity and an early presidential vote among other demands. It said it would call for more protests next Friday and could boycott the parliamentary election if its demands are not met.


Mursi's opponents say he has failed to deliver on economic pledges or be a president representing the full political and communal diversity of Egyptians, as he pledged.


His supporters say his critics do not respect the democracy that has given Egypt its first freely elected leader.


VICTIMS' RELATIVES CHEER


At the Port Said soccer stadium a year ago, many spectators were crushed and witnesses saw some thrown off balconies after the match between Cairo's Al Ahly and local team al-Masri.


Families of victims in court cheered and wept for joy when Judge Sobhy Abdel Maguid read a list of 21 names "referred to the Mufti", a phrase used to denote execution, as all death sentences must be reviewed by Egypt's top religious authority.


A total of 73 people have been standing trial. Other rulings will be issued on March 9, the judge said.


One relative in the court shouted: "God is greatest." Outside the Al Ahly club in Cairo, fans also cheered. They had threatened more violence unless the death penalty was meted out.


Thousands took to the streets of Cairo, Alexandria and other cities on Friday to protest against what they call the authoritarianism of Mursi's rule. Protesters in Cairo were again hurling stones at police lines in Cairo on Saturday.


"We want to change the president and the government. We are tired of this regime. Nothing has changed," said Mahmoud Suleiman, 22, in Cairo's Tahrir Square, the cauldron of the 2011 anti-Mubarak revolt and near where youths stoned police.


"PURSUING CRIMINALS"


Ahmed Salama, 28, a protester camped out with dozens of others in Tahrir, said: "The protests will continue until we realize all the demands of the revolution - bread, freedom and social justice."


In a statement in response to Friday's violence, Mursi said the state would not hesitate in "pursuing the criminals and delivering them to justice". He urged Egyptians to respect the principles of the revolution by expressing views peacefully.


The president met on Saturday with the National Defence Council, which includes senior ministers and security officials, to discuss the spate of violence.


In a televised statement, the National Salvation Front said it was holding Mursi responsible.


The Front was formed from disparate groups last year when Mursi awarded himself extra powers and fast-tracked an Islamist-flavored constitution to a referendum, opposed by the Front although the document was passed in the popular vote.


"Egypt will not regain its balance except by a political solution that is transparent and credible, by a government of national salvation to restore order and heal the economy and with a constitution for all Egyptians," prominent opposition politician Mohamed ElBaradei wrote on his Twitter account.


Until the Front was formed, the opposition had struggled to unite and their vote had been split at presidential and parliamentary polls, helping Islamists. The last parliament was dissolved based on court order, demanding a new vote this year.


Mustapha Kamal Al-Sayyid, a professor of political science at Cairo University, said the latest violence reflected the frustration of many liberal-minded Egyptians and others.


"The state of polarization between Islamists and others is most likely to continue and will have a very negative impact on the state's politics, security and economy," he said.


Inspired by the popular uprising in Tunisia, Egypt's revolution spurred further revolts across the Arab world. But the sense of common purpose among Egyptians two years ago has unraveled, triggering bloody street battles last month.


(Additional reporting by Omar Fahmy; Writing by Edmund Blair; Editing by Mark Heinrich)



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