With persistently high property prices in Singapore, Singapore real estate investment trust (REITS) are focusing mainly on asset enhancements to boost their growth. Any acquisitions that they are looking at will have to be yield accretive. When Causeway Point completes its refurbishment works by this December, its occupancy rate is expected to improve to 100 per cent. The heartland mall in Woodlands is...
asset enhancement
A refreshed destination with new and exciting dining and entertainment concepts awaits visitors to Clarke Quay later this year. The iconic hangout for both Singaporeans and tourists is undergoing a S$15.6 million asset enhancement programme to reinvigorate two of its five blocks. The works will be completed in the third quarter of 2012. Operations at Clarke Quay are not affected in the meantime. Under...