Frasers Centrepoint in rebranding move
It wants a new name and fresh look to gel better with its increasing push overseas A MAINSTAY on the Singapore property scene, Frasers Centrepoint is going for a new name and a fresh look as it moves to conquer markets abroad. The company is reviewing its brand to reflect its global perspective. PREPARED FOR … Read more
China property meltdown feared
Morgan Stanley analysts say prices are cracking in major cities, demand down by half China’s property market could be headed for a ‘meltdown’ as home prices and sales slump, Morgan Stanley analysts said. ‘Property prices are already cracking in China in major cities,’ the investment bank’s analysts, led by Mr Jerry Lou, wrote in a … Read more
Home prices near replacement cost
So they are unlikely to fall by much, argues Redas chief REAL Estate Developers Association of Singapore (Redas) president Simon Cheong says private home prices are unlikely to drop much from current levels as selling prices are close to replacement costs, inclusive of construction costs. Also, developers had a good year last year and ‘a … Read more
Low Keng Huat’s H1 profit up 36%
LOW Keng Huat (Singapore)’s net profit rose 36 per cent year-on-year to $10.4 million for the first half ended July 31, 2008, on higher profit from associates and hotel operations. Earnings per share rose to 1.41 cents from 1.04 cents. No dividend was declared. Revenue was up 52 per cent to $95.8 million mainly due … Read more
Some developers want GFA incentives restored
WITH profit margins already looking slimmer these days, some developers have decided to appeal to the Urban Redevelopment Authority (URA) to reinstate GFA (gross floor area) incentives for providing planter boxes and bay windows in condominiums. However, while sources say this is unlikely, an extension of the deadline for the approval of projects based on … Read more
Developers appeal to Govt over bay window ruling
THEY might look innocuous, but bay windows and planter boxes have become a hot topic of discussion between property developers and the Government. The talks centre on a controversial decision by the Urban Redevelopment Authority (URA) to include the area of such design features in gross floor area (GFA) calculations. Bay window and planter boxes, … Read more
Snobbish and selfish?
I REFER to Wednesday’s letter by Mr Yeo Oon Chye, ‘It’s about safety and security, not about power, pride and prejudice’. No attempt has been made to find solutions to the perceived safety and security issues, but many requests have been made to house the foreign workers elsewhere. This shows an underlying disturbing snobbish attitude. … Read more
Rendezvous Hotels and Resorts in India joint venture
RENDEZVOUS Hotels & Resorts International (RHI), a subsidiary of The Straits Trading Company, has entered into a joint venture (JV) with Chennai-based developer XS Real Properties (XS Real). RHI, which operates the iconic Rendezvous Hotel at Bras Basah Road, said the JV company called Rendezvous India Hospitality Pte Ltd will manage hotels and resorts in … Read more
Oei fails in bid to take control of Japan Land
TYCOON Oei Hong Leong’s dream of taking control of a Japanese company has been thwarted for now, after his takeover offer for Japan Land lapsed yesterday. Mr Oei, who had a 4.01 per cent stake in Japan Land through International Capital Investment Ltd, offered to buy the remaining shares at 60 cents apiece in late … Read more
