CapitaMalls Asia's Malaysian unit will begin trading on the main market of Bursa Malaysia Securities Friday. CapitaMalls Malaysia Trust, CMMT, raised some 785.2 million ringgit or about S$337.5 million in its initial public offering. It is the largest "pure-play" shopping mall reit in Malaysia by market capitalisation and property value. Upon listing, CMMT is expected to have a market capitalisation of...
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Ascendas Real Estate Investment Trust says Net Property Income increased by 8.2% year-on-year to $87.3 million while distributable income rose 3.5% to $63.1 million for the quarter ended June 30 (1Q FY2010/11). Ascendas also achieved a DPU of 3.37 cents for the quarter. Net property income increased by a smaller extent of 8.2% due to higher operating expenses, attributed to the enlarged portfolio, higher...
World Cup, school holidays, lack of supply among reasons cited for drop Private home sales continued to slow last month, falling to below the 1,000-unit mark for the first time this year. Data from the Urban Redevelopment Authority (URA) showed that only 847 new units were sold last month - the lowest number of private home sales so far this year. The figure is 22-per-cent lower than the 1,083 homes...
The Housing and Development Board is extending its Revitalisation of Shops (ROS) Scheme - introduced in 2007 - to even more heartland retailers. Announcing the extension, Senior Minister of State for National Development, Grace Fu, said the extension of the scheme will involve 35 sites with an estimated budget of S$6 million. Thirty-four sites with more than 3,000 shops have already benefited from S$17...
Property giant City Developments (CDL) has officially launched 368 Thomson today. The freehold residential development is located in the prime District 11 residential enclave and occupies the sites of the former Concorde Residences, Balestier Court and Bright Building. It is a quick stroll to Novena MRT station and a stone's throw away from the MacRitchie Reservoir. The development has a 36-storey tower...
Iran's 3-1 win over Singapore in January this year in a qualifier for the 2011 Asian Cup was the last football match at the National Stadium. Three years after its official closing ceremony, work has finally begun to prepare the Grand Old Dame for demolition, making way for the $1.87-billion Sports Hub. The pitch where football stars from here and all over the world played on has already been pulled out,...
Govt may fine-tune property policy as economy softens in the coming months Investors who bet that China will declare an early end to its property tightening campaign are doing so at their own peril. While the government is likely to fine-tune property policy as the economy softens in the coming months, it is not about to reverse tightening measures that it believes are critical to safeguarding China's...
Location: Nathan Road / River Valley Road (District 9) Tenure: Freehold Year of Completion: 2015 Site Area: 27,802 sqft Total Units: 26 Commercial + 121 Residential Unit Types: 1 bedroom ~ 323 to 538 sqft 1 + study ~ 431 to 527 sqft 1 bedroom loft~ 904 sqft Penthouse ~ 883 to 1,184 sqft Commercial/Office ~ 366 to 1,302 sqft Facilities: Swimming Pool, Pool Deck, Gym Private Jacuzzi for Penthouse...
Property developer UOL Group has sold more than 100 units of its latest condominium project, Terrene at Bukit Timah. This is almost 80 per cent of the 130 units released at a private preview which started on July 8. UOL will be releasing the remaining 42 units for the official launch on Friday. The 999-year leasehold condominium is a 50-50 joint venture between UOL and La Salle Asia Investment...
Demand for new private residential properties continues to moderate. The number of new homes sold fell in June to 847 units, according to figures from the Urban Redevelopment Authority. That's down from 1083 transactions done in May 2010. The top sellers in June include projects like The Minton, La Brisa and Waterfront Gold. URA says 143 new homes in the city and prime districts were sold during the...