Slice of Singapore on Bintan?
A new development of bungalows on Bintan is hoping to attract Singaporeans to set up a second home there CHEAP and big bungalows located less than an hour by ferry from Singapore and resort-style living – this is the vision that Bintan Resort Cakrawala wants to sell to Singaporeans. In 10 to 20 years, the … Read more
Prime condo prices heading for long, gentle decline
Cushman model shows subdued market until 2012 but firm argues it’s still a good time to buy The prices of condos and private apartments in the Core Central Region (CCR) will inch downwards and are unlikely to touch their recent peaks for almost the next four years, a model developed by Cushman & Wakefield (C&W) … Read more
Home prices in mid to low tier expected to stay stable: CapitaLand
PROPERTY giant CapitaLand expects prices of mid- to low-tier homes to remain largely stable this year despite signs of a weaker market. Chief executive Liew Mun Leong reportedly said in Beijing on Thursday that demand for homes in Singapore is still holding up well. Prices of lower-end homes will be ‘marginally up or down’, Mr … Read more
CapitaLand looking for distressed assets
It is on the lookout in Japan, China to help its expansion in these markets CapitaLand Ltd, South-east Asia’s biggest developer, is looking for distressed assets in Japan and China to help its expansion in the two markets, chief executive officer Liew Mun Leong said. The developer already runs two property funds in Japan and … Read more
Low Keng Huat posts 78% rise in Q1 profit to $4.88m
PROPERTY firm Low Keng Huat (Singapore) yesterday reported a 78 per cent rise in Q1 net profit to $4.88 million, even though revenue slipped 7 per cent to $26.79 million. The firm was helped by a more than proportionate fall in cost of sales to $21.2 million for the first quarter ended April 30. Meanwhile, … Read more
Guthrie gets 14% stake in Shenyang Logistics
GUTHRIE GTS said it has acquired a 14 per cent stake in China-based Shenyang Logistics – in the form of equity and shareholders loans – for $5.98 million. Shenyang Logistics, a joint-venture company between GIC Real Estate and Shenzhen-listed Super Shine, was set up to own and refurbish a retail mall, Life Square, in Shenyang. … Read more
Guthrie buys into Chinese retail mall business
GUTHRIE GTS has bought a 14 per cent stake in a China retail mall business. The mainboard-listed engineering and property group announced yesterday it had bought a stake in Shenyang Shida Logistics for $5.98 million from GIC Real Estate. This is the real estate arm of the Government of Singapore Investment Corp. The acquisition, its … Read more
MacarthurCook sells 13% stake for A$4m
AUSTRALIAN property asset management firm and takeover target MacarthurCook said yesterday it has sold a 13 per cent stake to IOOF Holdings, an Australian wealth management business, for about A$4 million (S$5.2 million). This follows a A$31 million takeover offer for MacarthurCook this week by Australia’s AMP Group Holdings at A$1.35 per share through the … Read more
Keppel Land shares falter on weak property market
SHARES of Keppel Land have been under pressure this week, as the property developer faces headwinds in both its domestic and overseas markets. One testing spot is Vietnam, where a cooling property market and concerns of a potential devaluation of the Vietnamese dong have hit sentiment. Keppel Land has about US$7 billion (S$9.66 billion) worth … Read more
A new haven in Sengkang
THE sleepy Sengkang West neighbourhood is set to get a splash of life – the Sengkang Sports and Recreation Centre is almost ready. Final touches are being made to the $28 million centre, complete with two swimming pools and water slides, as well as a sports hall and hockey field. It is expected to be … Read more
