There is a new type of foreign property investor in town and, unlike many foreign buyers, he’s not likely to be an absentee landlord. Differing sharply from the traditional group of foreign investors here, this new comer is typically a highly-educated, highly-paid professional working in academia or a large company here and he is Indian. According to Mr Cheang Kok Kheong, development and property...
Cuscaden Royale. As one of society’s upper echelon, it is not surprising that you have chosen to be at the centre of Singapore’s kinetic fashion, dining and entertainment scene at a freehold abode that is a testament to your elevated lifestyle. Residing at the Cuscaden Royale means you are just a short drive away to wherever you want to be. Its proximity to the PIE and CTE expressways gives you...
Low Keng Huat (Singapore) Ltd and its joint-venture partner, Kheng Venture Pte Ltd, will be acquiring Minton Rise Condominium in Hougang. The acquisition will be made through the joint venture, Peak Garden Pte Ltd, at the purchase price of S$209 million. The purchase and subsequent redevelopment of the property by Peak Garden will be financed by internal funds and bank borrowings. The acquisition is...
Location: One North, Buona Vista (District 5) Tenure: 99 years leasehold Year of Completion: 2009 Development: 2 blocks of residential cum SOHO layout apartment with retails shops on ground floor Total Units: 405 Unit Types (approx size): 1 bedroom ~ 560 sqft 2 bedroom ~ 980 - 1,250 sqft 2 + 1 ~ 1,100 - 1,450 sqft 3 bedroom ~ 1,300 - 1,700 sqft 3 + 1 study ~ 1,400 sqft 4 bedroom ~ 1,600 sqft Penthouse ~...
Holland Crest - a prime-district residential condominium on Holland Hill - is up for enbloc sale. The 42 owners are hoping to get at least S$67.5 million for the 52,000 square feet freehold site. This will work out to a land value of S$800 per square foot per plot ratio. The land is zoned for residential use and has a plot ratio of 1.6. The successful developer will be able to build about 66 units,...
The Urban Redevelopment Authority has launched the tender for the site at Handy Road. The site is for sale on the Confirmed List under the Government Land Sales Programme for the first half of this year. The land parcel, measuring about 0.36 hectares, is located next to the Dhoby Ghaut Interchange Station near Plaza Singapura and The Atrium @ Orchard. It is expected to generate a maximum permissible...
CDL Hospitality Trusts has reported a distributable income of S$20.3 million for the period of June 12 to the end of December. This works out to a distribution per unit of 2.89 cents - almost 22 percent higher than forecast in its IPO prospectus. The results are helped by strong growth in visitor numbers from key markets and rising hotel rates in Singapore. Apart from a better-than-expected...
Credit Suisse Group borrowed $226.5 million to buy Lippo Centre, an office building in the central business district, according to two people with direct knowledge of the deal. Arranger Calyon is inviting other banks to join the three-year loan, said the people, who declined to be identified before a public announcement. A Credit Suisse spokesman declined to comment. Credit Suisse bought the building...
Ascott Group is teaming up with Mitsubishi Estate to buy a prime site in Tokyo's Shinjuku district. Ascott will hold a 40 percent stake in a joint venture company to be set up to develop the site, while Mitsubishi will hold the remaining 60 percent stake. The partners plan to demolish an existing office building on the site. After which, they will build a 160-unit serviced residence to be named...
Singapore’s drains, canals and reservoirs will undergo transformations into more user-friendly streams, rivers and lakes by 2009, according to national water agency PUB. The public can get a peek into the long-term plans at an exhibition next week. The Active, Beautiful, Clean (ABC) Waters programme is intended to bring people closer to water through improved waterfronts and recreation areas as well...