CapitaMalls Asia (CMA) said its Malaysian unit is launching its prospectus and retail offering on Monday. CapitaMalls Malaysia Trust or CMMT's final retail price will be the lower of its retail offer price of 1.08 ringgit per unit or the institutional price less a discount of 2 sen. At an indicative price of 1.08 ringgit, CMMT said the retail offer will provide a distribution yield of 6.9 per cent. This...
General
Do not expect the private residential property market to cool abruptly in the second half of this year. While property sales and home prices in some segments may soften in coming months, industry experts say the market is not likely to see a steep correction. Observers believe buyers still have excess funds to chase more units here, with many considering property investing to be a safe haven compared to...
The Urban Redevelopment Authority (URA) has launch a hotel site at the junction of Clemenceau Avenue and Havelock Road for tender. A developer showed interest in the 99-year site, next to Central Mall, committing to pay at least $40.8 million or $328 per sq ft per plot ratio (psf ppr) for it. The site is within walking distance to the Singapore River and the popular entertainment, food & beverage and...
THERE is probably no bubble in Singapore's property market, Minister Mentor Lee Kuan Yew said yesterday. The sharp price rises that have been seen are 'part of the total liquidity in the whole world system', said Mr Lee, noting that interest rates are low, and foreigners still see properties as affordable. 'Even if we cap our excess, people in Hong Kong, Indonesia, will say, compared to what I have to...
While special features may not make or break a deal, they do enhance appeal Developers of a condominium featuring a skypark hope the feature will prove to be a hit with increasingly demanding buyers. The skypark is on the top 16th floor of the 361-unit Waterfront Gold in Bedok Reservoir, which is being released this weekend. Frasers Centrepoint, which is developing the condo jointly with Far East...
CapitaMalls Asia (CMA) has received approval to list its Malaysian property assets on the Malaysian exchange, Bursa Malaysia. CapitaMalls Malaysia Trust (CMMT) will be the holding entity of its Malaysia-based shopping malls, with some 1.35 billion CMMT units expected to be listed. An expected 786.5 million units will be offered for sale, with CMA retaining a 41.74 per cent in CMMT. A book-building...
With half the world's population living in cities, governments face the challenge of balancing growth with environment protection and that's why delegates at next week's World Cities Summit will explore ways to build liveable and sustainable cities. The summit, the second to be held, takes place from June 28 to July 1. It's held in conjunction with Singapore International Water Week. As more people live...
Terrene at Bukit Timah is a 172-unit, five-storey 999-year leasehold residential property. Located near the upcoming Beauty World MRT station, the property is located near various amenities such as eateries, supermarkets and shopping centres. Nearby schools include Ngee Ann Polytechnic, Hwa Chong Junior College and Nanyang. The facade draws inspiration from the natural environment of the nearby Bukit...
Conglomerate Fraser and Neave says its Frasers Hospitality unit has established a significant presence in Malaysia, with the grand opening of its maiden property, Fraser Place Kuala Lumpur yesterday. The project is the first of two serviced residences to open in the heart of the city. Fraser Place Kuala Lumpur is located in the prestigious 'Golden Triangle' and within walking distance of the iconic...
Mainboard-listed conglomerate Fraser and Neave says one of its units has bought a piece of land in Sydney for S$97.8 million. The wholly-owned subsidiary, Frasers Centrepoint, acquired a 13.7 hectare site from the Royal Rehabilitation Centre Sydney. Besides building a 2.3-hectare open space for community use, the approved Concept Plan for the site allows for the development of homes. Almost 800...