MIRO @ Lincoln Road
The design of Miro is a creative mix of Barcelonian art, architecture and music. Adopting a clean and minimalistic fashion palette, the Mediterranean feel of Miro is invoked through simple designs with special attention to details. Situated at No. 1 Lincoln Road, Miro is close to cosmopolitan Orchard Road as well as bustling Novena. Newton … Read more
Property firms report weak set of Q2 numbers
Most developers see their business hit in 3rd and 4th quarters HIT by fewer home sales, lower revaluation gains from investment properties, drops in divestment gains – and even the stronger Singapore dollar – property companies largely reported weak results for the second quarter. And the future doesn’t look rosy either. Most listed developers have … Read more
One man’s panic is another’s bargain…
CDL chief points to some good buys as panic-sellers offload, but he’s not alarmed City Developments Ltd (CDL) executive chairman Kwek Leng Beng yesterday acknowledged that there have been some cases of high-end property buyers resorting to panic-selling in the secondary market. These are people who’d bought their units during the early stages of the … Read more
Kwek Leng Beng: Property slowdown not widespread
Lower prices may be due to panic-selling by a few owners, says CDL chief CITY Developments (CDL) chief Kwek Leng Beng is not convinced that the property market slowdown is as widespread as it seems, despite the recent easing in home sales and prices. The executive chairman of Singapore’s second-largest developer said the lower prices … Read more
Time for bargains?
Some frightened investors selling homes cheap: Developer AS HIGH-END home prices fall, Mr Kwek Leng Beng says there are now some bargains available for smart investors. “What has gone up very high in a straight line will also come down,” said the executive chairman of one of Singapore’s biggest developers, City Developments (CDL). And as … Read more
URA index reflects overall price trends
We refer to the letter ‘URA private home index an anomaly’ by Kenneth Pang Cheow Jow (BT, Aug 5). The writer asked why URA’s Private Residential Property Price Index (PPI) for second-quarter 2008 was still lower than its 1996 peak, when private residential property prices in Singapore were anecdotally at, or near, their highest. We … Read more
Frasers opens US$135m Beijing service residence
FRASERS Hospitality, a unit of Frasers Centrepoint, the property arm of listed conglomerate F&N, yesterday officially opened a 23-storey service residence in Beijing, the sixth of up to 20 it hopes to open in China. The company owns or operates service residences in more than 14 cities in Asia and Europe and is targeting 8,500 … Read more
Frasers opens Beijing property
FRASERS Hospitality opened another service apartment property yesterday, this time in Beijing, amid the rush and celebration of the Olympics. The property in the central business district was officially opened by Singapore President S R Nathan, although it has been operating since June. Called Fraser Suites CBD, Beijing, this is the first Chinese property wholly … Read more
Weak £, absence of tax credits pull down CDL Q2 profit 15.1%
Group posts higher profit from property development, rental properties in Q2, H1 AMID a quieter property market, City Developments (CDL) yesterday posted a higher profit from property development and rental properties in second quarter and first half. But the translation of earnings by its London-listed Millennium & Copthorne Hotels (M&C) at a weakening exchange rate … Read more
City Developments to raise $1 billion
Move is milestone in S’pore’s push to develop alternative mode of investment City Developments (CDL) is raising $1 billion in Islamic debt through a pioneering notes programme as a means to diversify its sources of financing. This will be Singapore’s first Islamic Sukuk-Ijarah unsecured financing arrangement by a company, marking a milestone in the Republic’s … Read more
