GIC Real Estate, the property arm of the Government of Singapore Investment Corp, is planning global roadshows late next month for an initial public offering (IPO) of its overseas assets worth around US$3 billion ($4.06 billion), Dow Jones Newswires reported yesterday citing unnamed sources. The sources said GIC would launch the IPO at the end of the third quarter or early in the fourth quarter. Nomura...
General
The Government will inject an even larger supply of private housing in its land sales programme for the first half of next year "if demand continues to be strong" - surpassing the record supply pushed out in the second half of this year. National Development Minister Mah Bow Tan gave this assurance to prospective private home buyers in a written reply to a parliamentary question by Nominated MP Calvin...
Three prime sites launched for sale Signs of unabated demand for private homes have fired up the collective sale market, with three sites put up for en bloc sale yesterday. One of the sites is Robin Court in Bukit Timah, which is being sold with an adjoining bungalow. The other two sites are a plot holding 13 shophouses along Owen Road and a 63-unit condominium in Katong called Amber Glades. The...
Internet giant Yahoo! is expanding its digital footprint in Southeast Asia. The firm plans to use Singapore, its Southeast Asian headquarters, to grow all its regional offices this year. Other than Singapore, Malaysia and Vietnam - where Yahoo already has an established presence - the firm has set its sights on Indonesia and the Philippines. It is opening new offices in Jakarta and Manila in the fourth...
Beverley Kirby gave up trying to buy a house on her own in London's Chelsea area after twice getting burned by owners reneging on agreements to sell to her. The night before Ms Kirby was due to sign for one £4.5 million (S$9.5 million) house a year ago, she was trumped by an offer that was £500,000 higher. The aborted deal cost her £4,000 in fees and left her with a few months to vacate the apartment...
The government will inject an even larger supply of private housing in its land sales programme for the first half of 2011 if demand continues to be strong. In its land sales programme for the second half of this year, the government is making available sites that can yield about 13,900 private housing units, of which about 8,100 units will be from sites on the Confirmed List. This, National Development...
Property consultancy Credo Real Estate has launched the tender for a joint sale of the 15-unit Robin Court and an adjoining bungalow at Robin Drive, off Bukit Timah Road. The joint sellers are expecting offers in the region of S$66 million to S$74 million. That works out to around $1,046-$1,172 per square foot on potential gross floor area. Under the 2008 Master Plan, the site is zoned for residential...
Some shophouses here are hoping to cash in on the success of recent en bloc sales. A row of 13 freehold shophouses at Owen Road have been put up for collective-joint sale. All the owners have agreed to the sale and the indicative price is in the region of S$43 million or about S$930 per square foot per plot ratio.Shoph There's also a development charge of some 1.25 million dollars. The 15,388 square...
Developer CapitaLand said its unit CapitaLand Treasury has priced its S$350 million 10-year bond to yield 4.3 per cent per annum. The bond due in August 2020 is part of its S$3 billion multi-currency programme. The firm added it will also guarantee the payment obligations of its unit. CapitaLand intends to use the proceeds to refinance existing debt and fund new investments and general working capital...