Mapletree Investments has formed a joint venture with Arcapita Bank of Bahrain to hold a portfolio of industrial properties bought from JTC Corp. The assets are worth a combined 1.7 billion Singapore dollars. Arcapita will hold a 56.5 per cent stake in the joint venture called Mapletree Industrial Trust (MIT). Mapletree will own 25.1 per cent, while the rest will be held by Mapletree Industrial Fund, a...
July 2008
Located just off Pasir Ris Drive 1, Livia is within walking distance to the Pasir Ris MRT Station and highly accessible via the TPE, PIE and EXP. A Private gate at the Action Zone leads to the Sungei Api Api Park Connector and Pasir Ris Park. An Array of exciting shopping and entertainment amenities inclucing White Sands, Tampines Mall, Ikea, Courts, Giant Hypermarket and Downtown East with E! hub and...
Private residential property prices rose 0.4 per cent in the second quarter of this year, according to flash estimates released by the Urban Redevelopment Authority (URA) on Tuesday. The rise followed a 3.7 per cent increase in the first quarter. Prices of non-landed private residential properties increased by 0.2 per cent in the Core Central Region, 0.7 per cent in the Rest of Central Region and 1.3 per...
Prices of HDB resale flats rose 4.4 per cent in the three months to June over the previous quarter, according to the Housing and Development Board's flash estimate. Straits Vista @ Marsiling This was slightly higher than the 3.7 per cent increase in the first quarter. In the first half of the year, HDB has launched a total of 4,524 new flats. Subject to demand, HDB plans to offer about 3,900 new flats...
AN EXCITING cluster of shops, homes, entertainment centres, hotel and office space - all set within an attractive garden-like environment in the heart of Singapore’s city centre. This is the Urban Redevelopment Authority’s (URA) vision for the 2.7-hectare green field development site, :bordering Ophir and Rochor roads, it is putting out for tender. With analysts forecasting a possible land sales...
Located right next to the underground Kovan MRT Station and being well connected to major arterials and expressways such as TPE and CTE, Kovan Residence offers residents convenience in travelling to all parts of the island. Renowned schools abound nearby, including Rosyth and Maris Stella and Nanyang Junior College, as well as a few international schools. Available are 2-, 3- or 4-bedroom apartments, all...
Suntec REIT has secured a S$400 million loan to refinance its bridging loans. It will be carried out through an unsecured club loan facility from a panel of banks. The facility is for a period of three years. The loan will help Suntec refinance an outstanding loan after its acquisition of one third of the One Raffles Quay building in the central business district. With this new deal, Suntec REIT will...
Allco Commercial REIT has been given the green light to build a 10-storey hotel with about 350 rooms at China Square Central. The Urban Redevelopment Authority (URA) has granted Allco REIT permission to add 16,000 square metres of gross floor area to the development in the central business district. The development currently consists of a 15-storey office block and 38 conservation shop house...