The Hamilton Scotts
The Hamilton Scotts is a luxury high-rise residential project that will allow residents to park their cars right next to their own units – even 30 stories up. The first of its kind in Asia, the concept is made possible by elevators that ferry residents’ cars up to their units. Located at 37 Scotts Road, … Read more
Jones Lang LaSalle says S’pore’s prime property market to ease further
Rents in Singapore’s prime residential sector are expected to ease further. According to consultants Jones Lang LaSalle, it’s expecting to see a 4.5 per cent contraction for the whole year. It has already weakened by two per cent year to date. In its mid-year review on the Singapore property market, Jones Lang LaSalle also notes … Read more
High Court dismisses Horizon Towers en bloc appeals
Hotel Properties Limited on Thursday said Singapore’s High Court has dismissed the appeals by the minority sellers in Horizon Towers’ en bloc sale. The minority sellers had made the appeal in January 2008 against the Strata Titles Board’s decision delivered on December 7, 2007 which would allow the en bloc sale of the condominium to … Read more
CapitaLand, others get US$1.5b loan for condo project
CapitaLand, Southeast Asia’s top developer, said on Thursday it and Morgan Stanley, Wachovia and Hotel Properties would borrow S$1.99 billion (US$1.5 billion) for a residential property project in Singapore. The company said the deal was made up of a S$1.362 billion term loan, a S$500 million revolving credit and S$133.9 million in bank guarantees. CapitaLand … Read more
CapitaLand to build 1,500 high-end homes on site off Farrer Road
CapitaLand intends to build an estimated 1,500 mid to high-end homes in prime District 10 on a site that currently houses the Farrer Court estate. The developer and its partners bought the site off Farrer Road in a collective sale last June for some S$1.34 billion. Revealing plans for the project on Thursday, CapitaLand said … Read more
SLA awards office properties, offers two more sites for lease
The Singapore Land Authority (SLA) has awarded the first two sites for transitional office space this year. One of the most keenly-watched sites was the former Home Affairs Ministry complex at Phoenix Park. The parcel was awarded to LHN Facilities Management, which will pay S$368,888 in rent per month. 11 bids were received for the … Read more
CapitaMall Trust to distribute 3.52 cents per unit for Q2
CapitaMall Trust will distribute 3.52 cents per unit for its second quarter, up 13 per cent on year. The figure was slightly higher than expected. The mainboard-listed REIT booked a 20 per cent on-year increase in distributable income to S$58.7 million in the second quarter. CapitaMall Trust said on Thursday it is optimistic it can … Read more
CapitaMall Trust Q2 income up 20% on retail rents
CapitaMall Trust, Singapore’s largest property trust by market value, reported on Thursday a 20 per cent rise in quarterly distributable income, and projected continued growth in retail rents. The property trust said in a presentation that it projects retail rentals to rise 17.5 per cent by 2012 in Singapore’s main Orchard Road shopping district, and … Read more
KL property: On the home front
A look at how KL’s residential property market is faring in the current economic climate MALAYSIA’S property market had cruised into 2008 looking to keep its upward trend. But unprecedented results from the country’s general elections in March led to new political parties forming state governments on a scale unseen before in Malaysia. In the … Read more
Malaysian real estate sector may face rocky road ahead
Developers currently relying on more resilient higher-end segment SINCE real estate is a natural hedge against inflation, buying property in Malaysia would seem a capital idea, with inflation running at its highest level in more than 20 years. But in these uncertain times, other variables have to be considered. Property players say the sector was … Read more
