JTC foresees weaker demand
AFTER a record performance last year, JTC – Singapore’s biggest industrial landlord – expects demand for industrial space to weaken in line with slowing economic growth this year. Operating income in fiscal year 2007 rose 5 per cent to $1.1 billion for the state-owned developer, due mainly to higher allocation of ready-built facilities and prepared … Read more
JTC selling small factories to focus on bigger projects
INDUSTRIAL landlord JTC Corp aims to sell more of its small factories and other industrial space this financial year as it shifts its focus to bigger industrial developments. In late April, JTC sold $1.71 billion of properties to Mapletree Investments after ditching a plan to roll these assets into a real estate investment trust (Reit). … Read more
Raffles City Bahrain receives good response
80% of the 124 units launched sold within three weeks, says CapitaLand CAPITALAND has reported strong demand for residential apartments within the first Raffles City-branded integrated development in the Gulf Co-operation Council (GCC) region. The property group launched private sales for the Tower 2 residential block in Raffles City Bahrain about a month ago. Eighty … Read more
JTC Corp net surplus surges 51% to $1.17b
Performance fuelled by strong results across all segments, write-back of losses DRIVEN by the strong economy and buoyant industrial property market, JTC Corporation yesterday reported a group net surplus of $1.17 billion for the financial year ended March 31, 2008 – a 51 per cent jump from the previous year. The big improvement was fuelled … Read more
Home-buyers today cautious, but genuine
Applications for Park Central@AMK roll in, but how many will translate into actual sales? SINCE its launch last week, :more than1,000 applications have been received for 578 units at Park Central@AMK, Singapore’s third condominium-style public housing development. With developer United Engineers (UE) pricing its Design, Build and Sell Scheme (DBSS) project at $490 psf to … Read more
Rents falling at most condos
New supply of homes and weak demand could mark start of downward trend TENANTS, rejoice: rents have begun to fall at a majority of condominiums in Singapore on the back of fresh home supply and a turnaround in market sentiment. Two in every three projects with a substantial number of leases saw rents drop in … Read more
Award-winning architects to design new Dawson Estate
Two award-winning private architects have been officially appointed by the Housing and Development Board (HDB) on Wednesday to put a new spin to the old Dawson Estate in Queenstown. SCDA Architects Pte Ltd and WOHA Architects Pte Ltd were earlier commissioned to draw up plans for two separate public housing sites at the junction of … Read more
