CWT to sell Tanjong Penjuru warehousing hub for S$115.2m
Logistics service provider CWT on Tuesday said it has sold one of its warehousing hubs in the Jurong area for S$115.2 million. No names were given, but CWT said the buyer is a property fund focused on the Asia-Pacific region. Under the agreement, CWT will lease the premises back for five years initially, with an … Read more
Carlyle raises US$3.4b for new Europe real estate fund
Global private equity firm The Carlyle Group said on Tuesday it had raised 2.2 billion euros (US$3.4 billion) from investors to form its third European real estate fund, Carlyle Europe Real Estate Partners III. Carlyle said in a statement received here that it had an initial target of 1.5 billion euros, with the 2.2 billion … Read more
Sim Lian Land puts in top bid of S$52m for Simei Road site
Only two bids were received in the tender for a residential site at Simei Road, which is being launched under HDB’s Design, Build and Sell Scheme. Property developer Sim Lian Land put in the top bid of S$52 million. The price works out to S$1,472 per square metre of gross floor area. AMK Development put … Read more
Singapore Poly students submit ideas to remake Punggol Town
The Housing Development Board (HDB) is tapping on the minds of Singapore Polytechnic (SP) students, to remake Punggol Town. The call for ideas is also extended to the general public. Gabriel Seah, a landscape and architecture student from SP, said: “The first thing that came to my mind will be wetlands. As we all know, … Read more
Cost of SICC’s fancy new clubhouse balloons
Construction crunch bites hard; project may cost 50% more than estimated SOARING construction costs have prompted the Singapore Island Country Club (SICC) to drastically revise its budget upwards for the building of a new, ultra-modern clubhouse. Barely a year after its members voted in favour of a $60-million facility at SICC’s Upper Thomson Road location, … Read more
Soilbuild clinches JTC award to build stack-up factory
TO encourage private sector participation and promote an active industrial property market, JTC Corporation yesterday awarded the development of its stack-up factory to Singapore Exchange-listed Soilbuild Group Holdings. This is the first time JTC has awarded such a project to a private developer. Soilbuild has won the tender to build, own and operate a business … Read more
Iran property boom likely to continue
Iranians buy houses with easy loans, but some are still priced out of market Negar Ehteshami just paid the equivalent of US$6 million in rials in cash for a luxurious apartment. But it is not in New York or London. It is in the capital of the Islamic Republic of Iran. ‘I am a millionaire … Read more
New projects boost HK’s May home sales
Hong Kong’s existing apartment sales rose last month from a month earlier as homebuyers’ confidence was boosted by sales in new projects during the month. Transactions for 10 of Hong Kong’s biggest private-housing projects rose to 596 last month from 454 in April, according to figures compiled by Centaline Property Agency Ltd. ‘In May, buyers’ … Read more
