Niche property developer Soilbuild Group has won the tender to build, own and operate a stack-up factory in the Tuas area. The award for the 5-hectare site at Tanjong Kling Industrial Estate was given out by JTC Corporation. This is the first time that a stack-up factory development has been awarded to a private developer. JTC said Soilbuild clinched the contract because its concept included enhanced...
General
With only 10 units, Whitley Villas reflects the essence of community living. With an impressive 5 bedrooms in your own villa, then often considered factor of comfort is well taken care of. The villas exude modern resplendence and a statement which says that you have arrived. Location: Whitley Road (District 11) Tenure: Freehold Year of Completion: 2012 Total Units: 10 Unit Types: 2 Clustered...
KINGDOM Holding, the investment company controlled by Saudi billionaire Prince Alwaleed bin Talal, said its Fairmont Raffles Hotels International unit has sold The Swissotel Merchant Court in Singapore. Bloomberg said yesterday the 476-room hotel was sold for US$153 million ($208 million), citing an emailed statement from Kingdom, which did not name the buyer. “The sale of this hotel is in line with...
Location: 16, 16A & 16B Shelford Road Tenure: Freehold Type of Development: Three 5-storey blocks Land Size: approx 76,565sqft Year of Completion: 2011 Total Units: 77 units Unit Types: 2 Bedroom ~ 893sqft 3 Bedroom ~ 1,227-1,636sqft 3 Bedroom Penthouse ~ 3,584sqft 4 Bedroom Penthouse ~ 2,756- 4,112sqft Features: Private Lift Lobby for all residences Shelford Suites commands picturesque views of...
International ratings agency, Moody's, said it has no immediate plans to review its sovereign credit rating for Singapore as the country has strong credit fundamentals, including robust external assets. Singapore has the highest triple-A sovereign rating from Moody's, and this is likely to remain so for the next 12 to 18 months. Last year, Moody's upgraded the rating for six Asian economies – China,...
Two towers of 39 storeys each makes this new condominium the most iconic launch in Bishan to date. Located within 1 km to Catholic High School and with Raffles Institution, and with Ai Tong School and Australia International School in the vicinity, Bishan is an attractive location as an education hub. With the future Circleline (Marymount Station) coming up together with the existing Bishan MRT...
Singapore-based real estate investment house Pacific Star Group has agreed to buy the 25 percent stake held by MEAG Munich Ergo Asset Management in Prime REIT Management Holdings. Prime REIT owns 100 percent of listed Macquarie Pacific Star Prime REIT Management. It is also the sole owner of Macquarie Pacific Star Property Management, which is the property manager of MMP REIT. The purchase will increase...
Investors have been cautious about the property sector amid expectations that the muted residential property market will weaken further. But some property consultants are taking a slightly more positive stance, saying that this situation is temporary. Transaction volumes for private homes have been thin with developers holding back launches or cutting prices. And there's been a recent slew of bearish...
Vietnam's Ho Chi Minh City has overtaken Singapore as having the world's fastest growth in office occupancy cost. The cost of renting office space in Ho Chi Minh City grew 94 percent in the last six months, according to a global survey by consultants CB Richard Ellis. Moscow was second at 93 percent, while Singapore took third spot with 86 percent growth. Still, Singapore made its debut among the 10...
Cityspring Infrastructure Trust said it is paying out 1.6 Singapore cents per unit in its fourth quarter. This is 6.7 per cent higher than the figure projected during its initial public offering in February 2007. The trustee manager reported a smaller fourth quarter loss of S$11.7 million, compared with a projected loss of S$18.7 million. Revenue amounted to nearly S$96 million, compared with the S$98.6...