Credo Real Estate looks to spread its wings
Six-year-old outfit ventures into auction, eyes fund management CREDO Real Estate, the No 1 collective sales broker last year with $2.17 billion of deals, plans to branch into new areas of business – including auctions, residential project marketing, valuation and even property funds management. Managing director Karamjit Singh told BT: ‘This lull in the en … Read more
Soilbuild clinches Fusionopolis contract
MAINBOARD-LISTED Soilbuild Group Holdings yesterday said it has clinched the Concept-and-Fixed Price Tender (CPT), called by JTC Corporation, to develop and lease Fusionopolis Phase 2B. The proposed development, estimated to cost about $148 million, is a 16-storey multi-tenanted facility at one-north in the Buona Vista area. It will cater to the infocommunications, media, science and … Read more
Developers decide how much space to allot to carparks in new buildings
WE refer to your article, ‘Parking squeeze may take shine off new buildings’ (BT, March 29), which suggests that there would be a potential shortage of carpark lots in new office and commercial buildings due to the government’s rule on the provision of parking lots. This is inaccurate. Singapore adopts the approach where the government … Read more
Ascendas India Devt Trust in $290m JV
Project comprises IT Special Economic Zone and mixed-use development ASCENDAS India Development Trust (AIDT) has announced a 50:50 joint venture with Indian real estate fund IREO to develop a $290 million project in Coimbatore in Tamil Nadu state. AIDT is the private property development fund of business space provider Ascendas, which will manage the development … Read more
St George launching projects here
LONDON mixed-use developer St George is launching its latest projects in Asia. The first is One The Tower at Battersea Reach, a 17-storey feature on the south bank of the Thames. Due for completion in the summer of 2009, the tower will house 41 two- and three-bedroom apartments and one triplex penthouse. Prices start from … Read more
St George launching projects here
LONDON mixed-use developer St George is launching its latest projects in Asia. The first is One The Tower at Battersea Reach, a 17-storey feature on the south bank of the Thames. Due for completion in the summer of 2009, the tower will house 41 two- and three-bedroom apartments and one triplex penthouse. Prices start from … Read more
Economists say Singapore’s GDP growth likely to rebound in Q1
Singapore’s economy is expected to see a rebound in the first quarter. Economists are forecasting GDP to expand by some 6.8% on year, swinging up from the 4.8% decline in the previous three months. They said the boost will come from a rebound in the pharmaceutical and electronics manufacturing sector. But going foreward, they expect … Read more
