Frasers Hospitality to its grow presence in China, India and Vietnam
Frasers Hospitality – the property arm of mainboard-listed Fraser & Neave – is planning to grow its presence in the emerging markets of China, India and Vietnam. Revealing this at a news briefing on Thursday, Frasers said it plans to add about 5,000 serviced apartment units to its portfolio over the next two years. It … Read more
Retail property market remains stable in Q2: DTZ
Turnover rents rise; limited growth for fixed gross rents BUOYED by positive consumer sentiment and the Great Singapore Sale period, the retail property market remained stable in the second quarter of this year, according to a market report by real estate consultancy DTZ. Turnover rents in Q2 rose, but there was limited growth for fixed … Read more
Rentals making gentle waves at Sentosa Cove
They could hold firm despite gloom elsewhere and offer decent yields CLOSE to 300 homes at Sentosa Cove, including 200 condominium units, have received Temporary Occupation Permit (TOP) and the exclusive enclave is starting to bustle. DTZ Debenham Tie Leung, which is the property manager of the 200-unit The Berth by the Cove says that … Read more
Hi-tech rents, occupancy rates up
Insufficient and expensive offices drive tenants to business parks, leading to 6.8% rise q-o-q RENTS and occupancy rates for hi-tech and business park space were lifted in the second quarter of this year by spillover demand for office space, property consultants say. And rents for factories and warehouses have edged up too. According to CB … Read more
Business parks and high-tech sites gaining popularity
BUSINESS parks and other high-tech industrial sites in Singapore have become increasingly popular among eligible tenants. According to a new report released yesterday by CB Richard Ellis (CBRE), the overall occupancy rate at business parks probably hit a new high of 90 per cent last month, up from 88 per cent in March. To rent … Read more
Mapletree planning $682m fund in Vietnam
REAL estate firm Mapletree Investments is setting up a US$500 million (S$682 million) fund to invest in properties in fast-growing Vietnam, to be launched within 12 months. The Temasek Holdings unit said it is setting up the fund to ‘harness Vietnam’s rising development cycle, and to tap into the growing affluence of the middle-class segment … Read more
Mapletree full-year earnings dip 3%
But operating profit rises 35%; revenue jumps 69% to $365.6m MAPLETREE Investments posted a 3 per cent dip in net earnings for the year ended March 31, 2008 to $1.04 billion because of lower net revaluation gain and higher net finance cost. Operating profit, however, rose 35 per cent to $146.9 million on the back … Read more
Property developer gets women focus group to help design mixed-use centre
It pays to ask the women IN designing shopping centres and mixed-use properties, Trademark Property Co of Fort Worth, Texas, used to do what many developers do: put together teams of professionals like architects, designers and building consultants; send out surveys; and hold community meetings. But in 2005, when it began planning a large mixed-use … Read more
Key player in Jade saga reaps huge profit from home sale
Anthony Soh plans to use proceeds to pay off his mortgage and step up legal fight to clear his name THE businessman at the centre of the bungled Jade Technologies buyout is cashed up for his legal battles in Singapore and Australia after pocketing a huge profit from the sale of his lavish home. Dr … Read more
Step up scrutiny to curb illegal renovations
I REFER to last Friday’s report, ‘Illegal storey in house: Buyers lose case’, about the couple who lost their case against the sellers of a 1 1/2-storey property. The Building and Construction Authority (BCA) had informed the parties that the property had an illegal storey added to it. This was a case that was in … Read more
