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  • Source Yahoo Singapore Created
    Tuesday, 30 June 2015

    CapitaLand still positive on Iskandar

    Despite the threat of an oversupply of homes in Iskandar Malaysia, property heavyweight CapitaLand remains optimistic about the potential of the region.

    The Singapore-based developer is moving forward with plans to build a premier waterfront residential community on A2 Island in Danga Bay, comprising high-rise apartments, landed homes and other supporting amenities.

    A statement released by the company said, CapitaLand takes a long-term view of this project and is confident of the long-term prospects of Iskandar Malaysia. The development will be paced and executed in phases over a period of 10 to 12 years according to market conditions, as originally envisaged.

    Categories Latest | Companies
  • Source Channel Newsasia Created
    Thursday, 25 June 2015

    Ascott REIT acquires 7 assets in Australia, Japan for S$298.3m

    SINGAPORE: Ascott Residence Trust (Ascott REIT) on Thursday (Jun 25) announced it will acquire seven property assets in Australia and Japan for S$298.3 million.

    SINGAPORE: Ascott Residence Trust (Ascott REIT) on Thursday (Jun 25) announced it will acquire seven property assets in Australia and Japan for S$298.3 million.

    Categories Latest | Companies
  • Source Straits Times Created
    Thursday, 25 June 2015

    Raffles Medical opens $4m multi-disciplinary medical centre along Orchard Road

    SINGAPORE - Raffles Medical Group has opened a multi-disciplinary medical centre at the newly renovated Shaw Centre along Orchard Road.

    The 17,000 sq ft centre is the first private healthcare centre in Singapore to integrate services such as dental care and Traditional Chinese Medicine (TCM) with conventional medical services like family medicine, health screening and specialist consultation.

    The clinics are already operational but will officially open on July 23. Patients will be able to alight at the doorstep of the centre which spans two floors and has a direct link with the carpark.

    Categories Latest | Companies
  • Source AsiaOne News Created
    Saturday, 04 April 2015

    Mixed-use site draws massive $1.67b bid

    A closely-watched tender for a large mixed-use site in Paya Lebar stunned the market with a staggering top bid of $1.672 billion yesterday - streets ahead of analysts' forecasts.

    The scale of the new project and its location were the site's best attributes, market watchers said. But its location above a canal entails a complex development process, drawing the bigger boys into the competition.

    Australian property developer Lend Lease - through subsidiaries Roma Central, Milano Central and Verona Central - lodged the bumper bid for the 3.9ha site, which translates to a price of $943 per sq ft (psf) per plot ratio (ppr). That trumped market expectations of a top offer between $1.24 billion and $1.51 billion, or $700 psf ppr to $850 psf ppr.

    Categories Latest | Companies | Land Sales
  • Created
    Saturday, 03 May 2014

    Mapletree, Oakwood ink mega-bucks deal

    Mapletree Group and US-based Oakwood Worldwide have signed a massive deal to open more than 100 new properties around the world over the next five years.

    Mapletree, a real estate development, investment and capital management company headquartered in Singapore, will acquire a 49 percent stake in Oakwood Asia Pacific, Oakwood's serviced apartment business in Asia.

    Categories Latest | Companies
  • Created
    Saturday, 03 May 2014

    Soilbuild's Q1 net climbs 4% to $3.9m

    SOILBUILD Construction Group's net profit for the first quarter ended March rose 4 per cent to $3.9 million.

    SOILBUILD Construction Group's net profit for the first quarter ended March rose 4 per cent to $3.9 million. Meanwhile, revenue rose 28 per cent from $68.1 million a year ago to $87.3 million.

    "We are pleased to report revenue and profit growth despite the industry-wide challenges faced by our sector," said Ho Toon Bah, executive director of Soilbuild Construction Group.

    Categories Latest | Companies
  • Created
    Saturday, 03 May 2014

    HDB awards Sims Drive site to GuocoLand

    The housing board has awarded a residential site (pictured) at Sims Drive to First Changi Development, a unit of GuocoLand.

    The developer had submitted the top bid of $530.9 million for the 23,900.1 sqm plot when the tender closed yesterday.

    Offered on a 99-year lease, the land parcel could be developed into a condominium or flats.

    Categories Latest | Companies | Land Sales
  • Created
    Thursday, 17 April 2014

    New office building CapitaGreen secures three new tenants

    SINGAPORE - CapitaGreen, the newest 40-storey Grade A office building in Singapore's central business district (CBD), has secured its first three tenants.

    Commodities trading giant Cargill has signed on for 51,000 sq ft, and the Singapore unit of Swiss private bank Bordier & Cie is leasing more than 12,000 sq ft.

    Categories Latest | Commercial | Companies
  • Created
    Thursday, 17 April 2014

    Sabana Reit's DPU falls 22% to 1.88¢ in Q1

    SABANA Shari'ah Compliant Industrial Real Estate Investment Trust's (Sabana Reit's) distribution per unit (DPU) fell 22 per cent to 1.88 cents per unit for the first quarter ended March 31, 2014, from 2.41 cents a year ago.

    SABANA Shari'ah Compliant Industrial Real Estate Investment Trust's (Sabana Reit's) distribution per unit (DPU) fell 22 per cent to 1.88 cents per unit for the first quarter ended March 31, 2014, from 2.41 cents a year ago.

    Categories Latest | Companies
  • Created
    Wednesday, 16 April 2014

    Keppel REIT posts 14.5% increase in net profit

    Keppel REIT posted an increase on net property income of S$39.5 million, an increase of 14.7 percent year-on-year in Q1 2014.

    The increase is attributed mainly to the better performance from Ocean Financial Centre and Prudential Tower, and the additional contribution from 8 Exhibition Street in Melbourne which was acquired in August last year.

    Categories Latest | Companies
  • Created
    Tuesday, 15 April 2014

    Temasek, Singapore fund buys into China's warehouse segment

    Singapore-based private equity firm RRJ Capital and Temasek Holdings' subsidiary SeaTown Holdings International have invested US$250 million (S$310 million) in Shanghai Yupei Group, one of China's biggest warehouse developers, media reports revealed.

    Yupei is known to have provided warehouses for a wide array of clientele such as Coca-Cola, apparel firm Metersbonwe and Suning Commerce Group, China's largest brick-and-mortar appliance retailer.

    Categories Latest | Companies
  • Created
    Tuesday, 15 April 2014

    CapitaLand plans to take CapitaMalls Asia private through S$2.22 a share offer

    Southeast Asia's largest developer CapitaLand has launched a voluntary conditional cash offer to take shopping mall arm CapitaMalls Asia (CMA) private by buying CMA shares that it does not already own for S$2.22 each.

    SINGAPORE : Southeast Asia's largest developer CapitaLand has announced plans to take its shopping arm private.

    Categories Latest | Commercial | Companies

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