Singapore-listed REITs trading below 12-month price targets set by analysts
Amid the market turmoil in the past half year, Singapore-listed real estate investment trusts, or REITs, have been under pressure. They are now trading below their 12-month price targets set by analysts. But market-watchers said that they’re optimistic REITs have not lost their appeal among investors and they expect the REITs sector to keep growing. … Read more
JTC to apply cost-savings features to attract more wafer fab plants
Industrial developer and landlord JTC Corporation is planning to build cost-savings features into upcoming wafer fab clusters to attract more such companies into Singapore. It is looking at implementing a centralised power and water plant in each wafer fab cluster, which could help companies save hundreds of thousands of dollars in operational costs. Wafer fab … Read more
Soilbuild wins tender to build, own and operate stack-up factory
Niche property developer Soilbuild Group has won the tender to build, own and operate a stack-up factory in the Tuas area. The award for the 5-hectare site at Tanjong Kling Industrial Estate was given out by JTC Corporation. This is the first time that a stack-up factory development has been awarded to a private developer. … Read more
Whitley Villas
With only 10 units, Whitley Villas reflects the essence of community living. With an impressive 5 bedrooms in your own villa, then often considered factor of comfort is well taken care of. The villas exude modern resplendence and a statement which says that you have arrived. Location: Whitley Road Tenure: Freehold Total Units: 10 Unit … Read more
Work hard, play hard
Tan Tiong Cheng Managing Director Knight Frank URA has cleverly crafted the Leisure Plan by turning our weaknesses into strengths. We are a small island limited by physical size. Yet when fully developed, we will have a 150km route for joggers and cyclists, 4,200ha of parks connected by a web of 300km tracks, and 24/7 … Read more
Tuan Sing seeks stake in Katong Mall
TUAN Sing Holdings, which is looking to divest its hotel assets, is seeking a stake in Katong Mall, which was put up for collective sale last week. In a statement released over the weekend, Tuan Sing said that it is looking to dispose of $107 million in loans it had extended to its associate Gul … Read more
What good is a leisure island if we have no time to enjoy it?
YouthInk writers share their thoughts on the URA Master Plan unveiled recently Too busy for leisure THE proposed plan to turn the nation into a ‘leisure island’ is a laudable effort by the Government to encourage Singaporeans to spend more time with their family. However, its aims seem unrealistic in work-obsessed Singapore. Consider an average … Read more
Merchant Court goes for $208 million
KINGDOM Holding, the investment company controlled by Saudi billionaire Prince Alwaleed bin Talal, said its Fairmont Raffles Hotels International unit has sold The Swissotel Merchant Court in Singapore. Bloomberg said yesterday the 476-room hotel was sold for US$153 million ($208 million), citing an emailed statement from Kingdom, which did not name the buyer. “The sale … Read more
JTC exploring waterfront shared facility
Move to optimise use driven by scarce industrial waterfront land for marine, oil & gas sectors With the shortage of industrial waterfront land keenly felt in Singapore, JTC Corporation is exploring the creation of a shared waterfront facility at Tuas View for firms in the marine and oil and gas sectors. To optimise the use … Read more
Canopy doesn’t do old Supreme Court justice
I AM dismayed to learn of the winning design to convert the historical Supreme Court and City Hall into the new National Art Gallery (‘Canopy wins jury’s vote’, last Thursday). The old Supreme Court and City Hall are the most iconic historical monuments left in our cityscape, and their appearance should not be drastically altered. … Read more
