Builder has designs on posh condo market
Heeton recruits style-setting design firm yoo for Grange Road apartments A COMPANY once famed for its wet markets is now rubbing shoulders with one of the world’s trendiest firms in a bid to build Singapore’s most chic condos. Heeton Holdings has roped in yoo – a design-focused property firm co-founded by French style-setter Philippe Starck … Read more
Lum Chang gets $65m from selling 2 Belmont
3 Singapore firms controlled by Indian investors are the buyers LUM Chang Holdings has sold all 16 units of its newly refurbished 2 Belmont for a total sum of about $65 million, BT understands. The price is said to be in the $1,600 to $1,700 per square foot range. Lum Chang bought the property, formerly … Read more
Lippo-Mapletree books better-than-expected H1 earnings
Lippo-Mapletree Indonesia Retail Trust (LMIR Trust) has posted first half earnings of S$39.3 million, 3 per cent higher than its own forecast. Revenue came in at S$53.8 million, which also exceeded projections. Lippo-Mapletree said it is on track to pay out 5.84 cents per unit for the whole year, as earlier forecast. The trust said … Read more
JTC sees record take-up of its ready-built space in 2007
JTC Corporation has reported a record take-up of some 246,300 square metres of its ready-built space last year, surpassing the previous record seen in 2005. The bouyant industrial property market last year helped JTC to book a record surplus of S$1.183 billion, up 50 per cent from 2006. The numbers were also boosted by impairment … Read more
Strong response for CapitaLand’s luxury residential units in Bahrain
Singapore developer CapitaLand is seeing strong response for its high-end luxury residential units at Raffles City Bahrain. When completed in 2010, the Raffles City Bahrain integrated development will include three residential towers, landscaped sky villas, and high-end retail outlets. CapitaLand said that about 80 per cent of the units in one of the residential towers … Read more
Park Central@AMK gets over 1,000 applications so far
Some 20,000 people have visited the showflats at Park Central@AMK, Singapore’s third condominium-style public housing development. The project, launched last week, has received over 1,000 applications so far, marginally lower than City View@Boon Keng, a similar development nearer the city that went on sale earlier this year. Applications for Park Central units will close on … Read more
Heeton project getting the Starck treatment
His firm will design interiors of Grange Rd property HEETON Holdings and its joint venture partner JPMorgan Global Special Opportunities Group will build the world’s first Philippe Starck-branded housing in Singapore. Mr Starck: His company yoo will not have an equity stake in 74 Grange Road The project will be built on a site that … Read more
