Hiap Hoe puts in top bid of S$73.3m for Balestier Road hotel site
Property developer Hiap Hoe has put in the top bid of S$73.3 million for a hotel site at Balestier Road and Ah Hood Road. The price works out to S$172 per square foot per plot ratio for the 99-year leasehold site. Consultants CB Richard Ellis said the bid is relatively low compared to other hotel … Read more
CapitaLand sets up US$1b fund to invest in China
Southeast Asia’s biggest property developer, CapitaLand, has set up a US$1 billion private equity fund to invest in mixed-use commercial properties in China. The size of the fund could be increased to US$1.3 billion by the end of this year. The Raffles City China Fund is the first for CapitaLand in China and also the … Read more
CapitaLand sets up US$1b China pte equity fund
CapitaLand, Southeast Asia’s biggest property developer, said on Wednesday it had established a US$1 billion private equity fund in China to acquire property assets and to invest in new projects. The fund has the option of a final closing by the end of December, which could boost its size to US$1.3 billion, it said in … Read more
CapitaLand sets up US$1b China pte equity fund
CapitaLand, Southeast Asia’s biggest property developer, said on Wednesday it had established a US$1 billion private equity fund in China to acquire property assets and to invest in new projects. The fund has the option of a final closing by the end of December, which could boost its size to US$1.3 billion, it said in … Read more
CapitaLand sets up US$1b China pte equity fund
CapitaLand, Southeast Asia’s biggest property developer, said on Wednesday it had established a US$1 billion private equity fund in China to acquire property assets and to invest in new projects. The fund has the option of a final closing by the end of December, which could boost its size to US$1.3 billion, it said in … Read more
CapitaLand sets up US$1b China pte equity fund
CapitaLand, Southeast Asia’s biggest property developer, said on Wednesday it had established a US$1 billion private equity fund in China to acquire property assets and to invest in new projects. The fund has the option of a final closing by the end of December, which could boost its size to US$1.3 billion, it said in … Read more
Route, stations for Downtown Line 2 unveiled
RESIDENTS in north-western Singapore now have an idea of how the Downtown Line 2 (DTL2) will run through their part of the island after its rail alignment and station locations were announced yesterday. The 16.6km second stage of the Downtown Line will provide rail access to the Bukit Timah Corridor. It comprises one depot and … Read more
12 MRT stations for Bukit Timah by 2015
180,000 rides expected on the underground line A DOZEN new MRT stations will come up in the Bukit Timah area as part of Stage 2 of the Downtown Line. They will serve several schools such as Singapore Chinese Girls’ School, National Junior College, Hwa Chong Institution, Nanyang Girls’ High, Raffles Girls’ Primary, and Assumption English … Read more
‘Realistic’ prices drive home sales
FOR nine months over an unfolding global credit crunch, developers here held back from pushing out condominiums and houses into the market. Homebuyers found little variety in the showrooms. But when the supply gate was unlatched in June, interest poured back in — especially into the mass-market segment — resulting in a bumper month for … Read more
Property counters lose ground over rising costs, pricing power concerns
CITY Developments Ltd fell the most in more than four months, leading declines by Singapore developers after Credit Suisse Group AG said that rising construction costs and an inability to raise prices will erode profits. City Developments, Singapore’s second-largest developer, fell 58 cents, or 5.3 per cent, to $10.36 at the close of trade. CapitaLand … Read more
