Fund manager Henderson Global Investors is upbeat about the global property and real estate investment trust industry.It says while REITs were introduced into most Asian countries only recently, demand has led to the industry growing by some 2.5 times in 2005 over the previous year. REITs are fast becoming an important asset class for investors. This is the view of Henderson Global, which has some US$116...
Property Investment
The Marina Bay Financial Centre (MBFC) will be a vibrant "live-work-play" focal point for the new downtown when it is completed in 2010, akin to the Rockefeller Centre in New York and Canary Wharf in London, said its development consortium at the unveiling ceremony yesterday. BFC Development — a joint venture by Hong Kong tycoon Li Ka-Shing's Cheung Kong Holdings, Hong Kong Land and Keppel Land —...
Some developers and consultants have high hopes for Singapore's residential market next year.They are saying that both the mass market and the high-end segment could see rises of between 10 and 20 percent.Home prices for the first three quarters have already beaten most market expectations, rising 5.7 percent versus consensus of 5 percent. Encouraged by the strong showing, some consultants and developers...
Minister for National Development Mah Bow Tan has described the Marina Bay Financial Centre as a strategic step in efforts to maintain Singapore's position as a major player in the global banking and financial arena. He said: "The development of the MBFC serves to further entrench and strengthen Singapore's status as a financial hub. The first phase of the MBFC will comprise about 244,000 square metres of...
The first phase of Singapore's new downturn business hub will cost S$2 billion to develop.This is according to Keppel Land, which is one of the developers for the massive project.When it is completed in 2010, the newly-named Marina Bay Financial Centre will double Singapore's premium office space supply and add even more high-end residential units to the area. Singapore's downtown skyline is set for a...
Singapore private residential prices rose by their fastest pace in more than 6 years in the third quarter of this year.They jumped 2.5% compared to the previous three months and some consultants say, buying activity has finally flowed into the mass market. Meanwhile, HDB prices fell by a marginal 0.2% in the third quarter. Flash estimates out on Monday from the Urban Redevelopment Authority show that...
The proportion of foreign buyers for the the residential units at the Business and Financial Centre is expected to be higher than the 30 percent recorded at The Sail at Marina.This is according to marketing agent of the project, CB Richard Ellis.The property consultant says foreign buying has now trickled down to the mid-end segment of the market. The residential component of the Business and Financial...
Sentosa Cove has awarded its Lakefront Collection to YTL Corporation for $50.2m or $378 per square foot.The Lakefront Collection is an en bloc sale of 15 bungalow land parcels. YTL will develop 12 luxury villas on the site with another Malaysian township and residential developer, LP World. This will be YTL's first venture in property development in Singapore, and the second Malaysian real estate company...
Sentosa Cove will be showcasing 10 exclusive villa sites in Kuala Lumpur, Malaysia, this weekend, following the successful launch of its South Cove collection here last month.Already, 16 of Sentosa Cove's 78 foreign owners are Malaysians. There are 17 foreign nationalities among those who have purchased the multi-million-dollar plots, from countries such as Austria, Australia, New Zealand, the United...
More hotel land sites will be put up for sale over the next few years, according to Minister for National Development Mah Bow Tan.He was speaking to reporters at the launch of the Gardens by the Bay Masterplan Exhibition on Wednesday.The move is in line with the government's drive to attract 17 million visitors to Singapore by 2015. National Development Minister Mah Bow Tan said: "We are ramping up sites...