Swissotel Merchant Court put up for sale by international tender
The Swissotel Merchant Court Hotel in Singapore is being offered for sale by international tender. The sale is managed by Jones Lang LaSalle Hotels. The 476-room hotel is located on the banks of the Singapore River and is within walking distance to the city’s business and financial districts. Jones Lang LaSalle Hotels expects investor interest … Read more
Swissotel Merchant Court offered for sale
Swissotel Merchant Court in Singapore is being offered for sale by international tender through Jones Lang LaSalle Hotels. The 476-room hotel also has three food & beverage outlets, conference facilities and an Amrita Spa and fitness centre. ‘The incoming purchaser will also have the opportunity to further enhance the asset through the redevelopment of the … Read more
Foreign equity investment in S’pore hit $365.9 bln in 2006
Foreign equity investment (FEI) in Singapore reached $365.9 billion as at end 2006, 15.5 per cent higher than that recorded a year earlier, the Singapore Department of Statistics said on Thursday. The latest survey was carried out in 2007/08 for reference year 2006. The bulk (90.2 per cent or $330.2 billion) of total FEI was … Read more
S&P assigns BB long-term credit rating to Allco Reit
S&P assigns BB long-term credit rating to Allco Reit Standard & Poor’s Ratings Services on Thursday said it has assigned its ‘BB’ long-term corporate credit rating to Allco Commercial Real Estate Investment Trust (Allco REIT). At the same time, it placed the rating on CreditWatch with positive implications. ‘The rating on Allco REIT reflects the … Read more
Keppel Land expands in Vietnam
Of all the Singaporean companies in Vietnam, few have more confidence in the long-term future of Indochina’s largest country than Keppel Land (KepLand), the property arm of one of the island’s largest conglomerates, Keppel Corporation. It’s putting its money where its mouth is with its plans to invest $1 billion in Vietnam’s tallest building, an … Read more
Singapore is world’s top brand
SINGAPORE is the best, based on how the Republic is perceived in leading international media. This is according to a global survey of 200 countries conducted by Washington-based East West Communications, a company which helps countries improve the way they are viewed by the world. All 192 members of the United Nations were included in … Read more
IFA advises Japan Land shareholders to reject offer
Japan Land urged its shareholders to reject the takeover bid launched by tycoon Oei Hong Leong as advised by its independent financial advisor (IFA) DMG & Partners Securities. Its IFA has advised Japan Land directors to reject the offer, saying ‘there are insufficient compelling reasons to accept the offers and the options proposal.’ ‘Accordingly, our … Read more
Property shares lose shine
Developers not exposed to mortgage crisis in US but investors still wary There is no link between the deepening mortgage crisis in the United States and Singapore property counters, but try telling that to investors. Real estate counters have taken a beating recently despite enjoying one of the biggest run-ups in prices in both the … Read more
It’s necessary to regulate the industry
Like medical and legal services, we must engage trained and reliable property professionals Many people praised the Competition Commission of Singapore’s recent decision to have the Institute of Estate Agents (IEA) remove its commission guidelines for property agents. The common reason given was that many felt property agents played a minor role in their transaction … Read more
Saizen Reit’s acquisitions on hold; distribution per unit is 4.67 cents
SAIZEN Reit, which was listed on the Singapore Exchange in November last year, says it will hold out on new acquisitions for the present. Arnold Ip, chairman of the Reit manager, Japan Residential Assets Manager Ltd (JRAM) said: ‘While there are attractive investment opportunities for Saizen Reit, the manager intends to adopt a cautious approach … Read more
