The 20,325 sq ft development expected to receive Temporary Occupation Permit by October 2013. Mainboard-listed property group Heeton Holdings is setting a new benchmark for the luxury Residential market with the unveiling of its latest freehold Residential development, iLiv@Grange. The exquisite development, which harnesses some of the top global talents in the industry, was unveiled at a press...
Developer News
Mainboard-listed Yanlord Land Group is tying up with an affiliate of GIC Real Estate to develop and manage properties in China. Yanlord and Reco Yizhong have set up a subsidiary for this purpose with a registered capital of US$300 million ($416 million). The subsidiary, named Yanlord Real Estate (Chengdu), will manage the prime residential development site in Panchenggang, Jinjiang District, Chengdu. The...
Developers MCC Land has put in the top bid of S$131.7 million for a land parcel at the corner of Sembawang Road and Canberra Drive. The bid works out to S$387 per square foot per plot ratio. The second highest bid from SP Setia International came in at S$122.6 million. Nam Hee Contractor and OPH Marymount submitted the third highest bid of S$111 million. The lowest bid of S$85 million came from Frasers...
Southeast Asia's largest property developer CapitaLand said it has seen strong response for its first residential property in Vietnam. At a topping out ceremony in Ho Chi Minh City on Tuesday, CapitaLand said it has sold three quarters of the units available in the development, called The Vista. The property is about 10 minutes drive from the central business district. The Vista is expected to be ready...
Southeast Asia's largest property developer, CapitaLand, is doubling its real estate investments in Vietnam to up to US$2.5 billion over the next three to five years. It is aiming to build affordable homes and shopping malls in major Vietnamese cities like Hanoi and Ho Chi Minh City, said CapitaLand's CEO Liew Mun Leong on the sidelines of an event in Hanoi. CapitaLand now spends about US$1.2 billion in...
United Engineers said it has been awarded a turnkey contract by OCBC Bank to redevelop the former Specialists' Centre and Hotel Phoenix site. The cost of the project is worth around S$550 million. The project will be carried out in two phases. Phase 1 will consist of the development and construction of a hotel-cum-retail mall and a pedestrian bridge, and Phase 2 will be the construction of an...
Unit costs $3.74m; son and daughter-in-law buy apartment unit for $2.47m; review and approval by audit committee CAPITALAND Group president and CEO Liew Mun Leong, and his son and daughter-in-law, have picked up two units at The Interlace at Depot Road/Alexandra Road for a total $6.2 million. Mr Liew, who also sits on CapitaLand's board, paid about $3.74 million for a 23rd storey penthouse, around $1,092...
Property developers are still bidding aggressively for land despite the Government's announcement of more land sales in the second half of this year. As the tender closed for the residential site at Upper Serangoon yesterday, a top bid of $113.7 million had been submitted by China based developer Qingdao Construction. That translates to $607 per square foot (psf) - the second highest recorded for a...
Developer Qing Dao Construction has put in a top bid of S$113.7 million for a residential land parcel in Upper Serangoon. That works out to about S$607 per square foot. Consultants Colliers International said this is also the second highest price recorded for a 99-year leasehold land parcel sold by the government for non-landed housing in the city fringe area. The tender by the Urban Redevelopment...
Keppel Land said it has used about S$76 million of the net proceeds from its rights issue last year to fund a quarter of the cost to develop its newly acquired condominium site located at Boon Lay Way and Lakeside Drive. Keppel plans to develop about 550 homes at the site. These will include 1 to 4 bedroom units, as well as penthouses, ranging from 500 square feet to 1,400 square feet each. The project...