Waterfall Gardens
Step into an urban retreat set in a tropical oasis. Waterfall Gardens is an enclave framed by lush green trees with full canopies, and encircled by cool bodies of water – from the gently cascading waterfall to meandering footpaths through pools and streams. You don’t have to look far for the very definition of tranquility. … Read more
Opportunities in Asia-Pacific real estate remain despite weak sentiment
The global real estate capital market grew last year to hit US$12 trillion, but the subprime crisis has thrown a spanner in the works. Investors are finding it tough, with liquidity drying up, yields compressing, and valuations in the US and UK dipping. However, some analysts said that opportunities do remain and may even grow, … Read more
Lian Beng subsidiary to build S$99.5m Ritz-Carlton Residences
Homegrown construction group Lian Beng has clinched a contract worth S$99.5 million to build a high-end residential project at Cairnhill Road. Lian Beng will build The Ritz-Carlton Residences through its Millennium International Builders unit. The deal was awarded by Royce Properties, a subsidiary of Hayden Properties. The project is the first luxury condominium project to … Read more
Orchard View @ Angullia Park
Situated in the serene, tree-lined enclave of Angullia Park, this 36-storey luxury freehold development is just a five-minute walk from Singapore’s vibrant Orchard Road shopping district and Orchard MRT station. Comprising 30 exclusive apartments for ready occupation, Orchard View offers residents the privacy of an entire floor per residence, with stunning panoramic views of the … Read more
Lian Beng gets $99.45 mln Ritz Carlton condo contract
Lian Beng Group Ltd announced on Monday that its wholly-owned subsidiary, Millennium International Builders has secured a construction contract worth about $99.45 million to build the Ritz-Carlton Residences, Singapore, at Cairnhill. Construction is expected to begin in the third quarter of 2008 and is targeted to be completed by the fourth quarter of 2010. Source … Read more
MP Reit refinances $220 mln loan
Macquarie Pacific Star, the Manager of MP REIT, said on Monday that MP REIT has entered into a $220 million (US$155 million) club deal with three foreign banks to refinance its loans due end September 2008. The new two-year loan facility, secured on competitive terms, matures in September 2010. The $220 million club facility takes … Read more
Property stocks down after UBS report
Most Singapore property shares were down on Monday, with Southeast Asia’s top developer CapitaLand sinking as much as 5.2 per cent to a two-year low, as a bearish report on the office market fuelled investor concerns the industry. UBS analysts said in a report out late on Friday that it expects office rentals and capital … Read more
Home seizures by UK lenders hit 12-year high
Repossession orders in H1 jump 48% as price slide continues HOME repossessions have surged to a 12-year high in the UK, as lenders take a tough line on debt-ridden owners. And the outlook for the rest of the year looks bleak, as house prices continue to fall. Figures released by the Council of Mortgage Lenders … Read more
