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Losing another nice McDonald's Restaurant soon after East Coast Park..... CNA reported: McDonald's Place sold to Oxley Holdings for S$150m Posted: 10 April 2012 2341 hrs SINGAPORE: Boutique property developer Oxley Holdings has acquired McDonald's Place for S$150 million. In a statement released on Tuesday, Oxley said its subsidiary Oxley Sanctuary had purchased all seven strata commercial units in the freehold development located at King Albert Park from Valewood Investments Pte Ltd. The freehold two-storey commercial building is sited on a land area of 5,535 square metres that is zoned for commercial and residential use with a plot ratio of 3. The developer said it intends to set up a joint venture with Unique Rezi and Luxe Development to redevelop the property, subject to obtaining all the necessary approvals from the relevant authorities. Oxley will hold a 55 per cent share in the proposed joint venture, Luxe Development - a wholly owned subsidiary of Lian Beng Group - will own 15 per cent, with the balance 30 per cent share held by Unique Rezi. The acquisition is not expected to have a material impact on the earnings per share or net tangible assets per share of Oxley for the current financial year ending June 30, 2012. - CNA/wm Have fond memories of this King Albert Park McDonald' cos on duty after midnight, drove there to buy snack..... Hope the one in Queenstown garden will not close down...

It's no longer a secret that car modifications are something favoured by plenty of car owners out there. In fact, some even feel proud if they are able to modify their car and give it a cooler look than any other cars out there. This is also felt by Kelvin, a young man from Bandung, Indonesia. Kelvin is an owner of a Toyota Ist, a hatchback from Japanese automaker Toyota. At first, Kelvin wasn't really a modification enthusiast and he was only used to dressing up his car a little. Nevertheless, living among several extreme car modification enthusiasts, he was eventually plagued by the car modification virus as well. As a result, his dressed up Toyota Ist changed completely. The first thing that came to his mind was how his car could catch the eyes of passer bys. For this, he chose a candy gold paint. According to Kelvin, not only can this colour catch people's eyes, it also has a high artistic value. It took two months for the Signal Kustom modification house to paint the car completely and, quite perfectly, too. The result was indeed eyecatching. However, a nice body paint wouldn't be complete if not accompanied by nice body kits as well. Therefore, Kelvin decided that he would use a VeilSide product and finally chose one that's actually meant for use with the Nissan 350Z Fairlady. As you can tell, the installation of this body kit required a lot of work due to the different curves and dimensions on the car from those of the Fairlady. Things got even trickier when Kelvin demanded that the body kits should be easily detachable. Unfortunately, not all parts of the car, such as the bumpers, could be made so. Kelvin's demand for the detachable body kits could only be applied on the front spoiler, front/rear fenders, side skirts, and the engine hood which featured air vents on the centre and the sides of it. The next thing to pay attention to was the rims. To match the bloating fenders, Kelvin had to use 8.5" rims (front) and 10" rims (rear). For the design and appearance of the rims to look attractive, Kelvin decided that he would use six-spoke rims painted in gold, too, just like the body of the car, surrounded by a chrome accent. For the interior, Kelvin only applied minor modifications. He modified the audio and applied leather material to the seats. Unfortunately, though, all the modifications seem useless in the end. You can say it was nothing but wasting money. For your information, though, Kelvin's Toyota Ist did win several trophies. Costing Rp150 million in total, the Ist was reverted to its original look with only minor modifications just within a month after the makeover was completed. We don't think it's worth the hard work and the total cost incurred in modifying his car. What do you think? Photo credit: Kompas Otomotif