Archive for May 26th, 2008
Posted by luxuryasiahome on May 26, 2008
National Development Minister Mah Bow Tan has unveiled some features of the Malay Village facelift under the URA Draft Master Plan 2008.
In outlining future plans for the Paya Lebar area in Parliament on Monday, the minister said a substantial portion of the Malay Village site will be reserved for a new civic building.
It will house a variety of amenities, including a Community Club, the Community Development Council office, and possibly a Community Library.
There will also be an open plaza space that could be used for activities related to the Hari Raya celebrations.
To retain the ethnic character of the area, Mr Mah said a new pedestrian mall will be created along Geylang Road to accommodate more stalls during the annual Hari Raya bazaar.
Mr Mah was responding to Non-Constituency MP Sylvia Lim, who wanted to know why the Malay Village, located in Geylang Serai, has not been able to thrive since its inception and how the new plans to revamp it will be an improvement from the past.
Mr Mah said since the village is a private development, the government cannot comment on its business performance. – CNA/vm
Source : Channel NewsAsia – 26 May 2008
Posted in All Singapore, General, Masterplan | Tagged: Civic Centre, Geylang Serai, Land Use Planning, Malay Village, Master Plan 2008, Paya Lebar Central, Urban Planning | Leave a Comment »
Posted by luxuryasiahome on May 26, 2008
Property-linked KSH Holdings Limited on Monday said it has entered a joint venture with Multi Wealth Singapore Pte Limited and LBH Pte Ltd to develop a freehold site at Mergui Road.
The 74,355 sq ft site with a plot ratio of 2.8 was bought by Mergui Develpment Pte Ltd — a unit of KSH — last November for $120 million.
Under the agreement, KSH will own 35 per cent stake in the JV, Multi Wealth 53 per cent and LBH 12 per cent.
Multi Wealth is a unit of Malaysian-listed IOI Properties Bhd. — BT newsroom
Source : Business Times – 26 May 2008
Posted in Developer News, General | Tagged: Developers, KSH Holdings, LBH, Mergui Road, Multi Wealth Singapore | Leave a Comment »
Posted by luxuryasiahome on May 26, 2008
Property-related Hersing Corporation on Monday said it is negotiating with a leading global real estate fund regarding a possible joint venture (JV) in the self-storage business.
The purpose of the proposed JV is to acquire and develop properties worth up to $300 million (US$221 million) in order to expand StorHub’s selfstorage facilities in Asia Pacific.
Hersing provides professional real estate brokerage, valuation, consultancy, property management, money transfer and storage facilities services through ERA, RIA, Coldwell Banker, Western Union and StorHub Self-Storage.
The proposed JV remains subject to, among other things, the fund’s satisfactory due diligence, the negotiation and execution of definitive agreements in relation to the proposed JV and the acquisition of new sites, other customary conditions precedent to completion and approval by Hersing’s shareholders.
The directors emphasized that no binding agreement in relation to the proposed JV has been entered into, and the proposed JV may or may not materialise. — BT newsroom
Source : Business Times – 26 May 2008
Posted in General | Tagged: Hersing, Storage Facilities, StorHub | Leave a Comment »
Posted by luxuryasiahome on May 26, 2008
Mapletree, a real estate unit of Singapore state-owned investor Temasek, said on Monday it is developing property worth US$320 million in China’s Guangdong through its private real estate fund.
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The Mapletree India-China Fund will have an 80 per cent stake in the project, which includes seven blocks of serviced apartments and a mall, while Guangzhou Southern-Donald Scientific Technology Co owns the remainder, Mapletree said in a statement.
Mapletree said the newly launched fund has raised US$1 billion so far, half from Mapletree and the other half from an unidentified international institutional investor. The targeted fund size is about US$1.5 billion, it said.
The 33-hectare project in the Nanhai district of Foshan city is the fund’s third in China, and also includes a business park. Named Nanhai Business City, it will be built over five to eight years.
The two earlier investments are a US$144 million residential and retail development in Xi’an and the US$121 million acquisition of an office block in Beijing’s central business district, it said. — REUTERS
Source : Business Times – 26 May 2008
Posted in Developer News, General, Overseas Property | Tagged: China Property, Developers, Mapletree, Mapletree India-China Fund | Leave a Comment »
Posted by luxuryasiahome on May 26, 2008
Mapletree, a real estate unit of Singapore state-owned investor Temasek, said on Monday it is developing property worth US$320 million in China’s Guangdong through its private real estate fund.
The Mapletree India-China Fund will have an 80 per cent stake in the project, which includes seven blocks of serviced apartments and a mall, while Guangzhou Southern-Donald Scientific Technology Co owns the remainder, Mapletree said in a statement.
Mapletree said the newly launched fund has raised US$1 billion so far, half from Mapletree and the other half from an unidentified international institutional investor. The targeted fund size is about US$1.5 billion, it said.
The 33-hectare project in the Nanhai district of Foshan city is the fund’s third in China, and also includes a business park. Named Nanhai Business City, it will be built over five to eight years.
The two earlier investments are a US$144 million residential and retail development in Xi’an and the US$121 million acquisition of an office block in Beijing’s central business district, it said. — REUTERS
Source : Business Times – 26 May 2008
Posted in Developer News, General, Overseas Property | Tagged: China Property, Developers, Mapletree, Mapletree India-China Fund | Leave a Comment »
Posted by luxuryasiahome on May 26, 2008
Mapletree, a real estate unit of Singapore state-owned investor Temasek, said on Monday it is developing property worth US$320 million in China’s Guangdong through its private real estate fund.
The Mapletree India-China Fund will have an 80 per cent stake in the project, which includes seven blocks of serviced apartments and a mall, while Guangzhou Southern-Donald Scientific Technology Co owns the remainder, Mapletree said in a statement.
Mapletree said the newly launched fund has raised US$1 billion so far, half from Mapletree and the other half from an unidentified international institutional investor. The targeted fund size is about US$1.5 billion, it said.
The 33-hectare project in the Nanhai district of Foshan city is the fund’s third in China, and also includes a business park. Named Nanhai Business City, it will be built over five to eight years.
The two earlier investments are a US$144 million residential and retail development in Xi’an and the US$121 million acquisition of an office block in Beijing’s central business district, it said. — REUTERS
Source : Business Times – 26 May 2008
Posted in Developer News, General, Overseas Property | Tagged: China Property, Developers, Mapletree, Mapletree India-China Fund | Leave a Comment »
Posted by luxuryasiahome on May 26, 2008
Mapletree, a real estate unit of Singapore state-owned investor Temasek, said on Monday it is developing property worth US$320 million in China’s Guangdong through its private real estate fund.
The Mapletree India-China Fund will have an 80 per cent stake in the project, which includes seven blocks of serviced apartments and a mall, while Guangzhou Southern-Donald Scientific Technology Co owns the remainder, Mapletree said in a statement.
Mapletree said the newly launched fund has raised US$1 billion so far, half from Mapletree and the other half from an unidentified international institutional investor. The targeted fund size is about US$1.5 billion, it said.
The 33-hectare project in the Nanhai district of Foshan city is the fund’s third in China, and also includes a business park. Named Nanhai Business City, it will be built over five to eight years.
The two earlier investments are a US$144 million residential and retail development in Xi’an and the US$121 million acquisition of an office block in Beijing’s central business district, it said. — REUTERS
Source : Business Times – 26 May 2008
Posted in Developer News, General, Overseas Property | Tagged: China Property, Developers, Mapletree, Mapletree India-China Fund | Leave a Comment »
Posted by luxuryasiahome on May 26, 2008
Mapletree, a real estate unit of Singapore state-owned investor Temasek, said on Monday it is developing property worth US$320 million in China’s Guangdong through its private real estate fund.
The Mapletree India-China Fund will have an 80 per cent stake in the project, which includes seven blocks of serviced apartments and a mall, while Guangzhou Southern-Donald Scientific Technology Co owns the remainder, Mapletree said in a statement.
Mapletree said the newly launched fund has raised US$1 billion so far, half from Mapletree and the other half from an unidentified international institutional investor. The targeted fund size is about US$1.5 billion, it said.
The 33-hectare project in the Nanhai district of Foshan city is the fund’s third in China, and also includes a business park. Named Nanhai Business City, it will be built over five to eight years.
The two earlier investments are a US$144 million residential and retail development in Xi’an and the US$121 million acquisition of an office block in Beijing’s central business district, it said. — REUTERS
Source : Business Times – 26 May 2008
Posted in Developer News, General, Overseas Property | Tagged: China Property, Developers, Mapletree, Mapletree India-China Fund | Leave a Comment »
Posted by luxuryasiahome on May 26, 2008
Mapletree, a real estate unit of Singapore state-owned investor Temasek, said on Monday it is developing property worth US$320 million in China’s Guangdong through its private real estate fund.
The Mapletree India-China Fund will have an 80 per cent stake in the project, which includes seven blocks of serviced apartments and a mall, while Guangzhou Southern-Donald Scientific Technology Co owns the remainder, Mapletree said in a statement.
Mapletree said the newly launched fund has raised US$1 billion so far, half from Mapletree and the other half from an unidentified international institutional investor. The targeted fund size is about US$1.5 billion, it said.
The 33-hectare project in the Nanhai district of Foshan city is the fund’s third in China, and also includes a business park. Named Nanhai Business City, it will be built over five to eight years.
The two earlier investments are a US$144 million residential and retail development in Xi’an and the US$121 million acquisition of an office block in Beijing’s central business district, it said. — REUTERS
Source : Business Times – 26 May 2008
Posted in Developer News, General, Overseas Property | Tagged: China Property, Developers, Mapletree, Mapletree India-China Fund | Leave a Comment »
Posted by luxuryasiahome on May 26, 2008
Mapletree, a real estate unit of Singapore state-owned investor Temasek, said on Monday it is developing property worth US$320 million in China’s Guangdong through its private real estate fund.
The Mapletree India-China Fund will have an 80 per cent stake in the project, which includes seven blocks of serviced apartments and a mall, while Guangzhou Southern-Donald Scientific Technology Co owns the remainder, Mapletree said in a statement.
Mapletree said the newly launched fund has raised US$1 billion so far, half from Mapletree and the other half from an unidentified international institutional investor. The targeted fund size is about US$1.5 billion, it said.
The 33-hectare project in the Nanhai district of Foshan city is the fund’s third in China, and also includes a business park. Named Nanhai Business City, it will be built over five to eight years.
The two earlier investments are a US$144 million residential and retail development in Xi’an and the US$121 million acquisition of an office block in Beijing’s central business district, it said. — REUTERS
Source : Business Times – 26 May 2008
Posted in Developer News, General, Overseas Property | Tagged: China Property, Developers, Mapletree, Mapletree India-China Fund | Leave a Comment »
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