New office tower to be built beside OUB Centre by 2011
A 38-storey office tower will be built beside OUB Centre, adding some 350,000 square feet of Grade A office space to Singapore’s business district. Despite growing expectations of falling demand for office space and a slump in office rents, the project’s marketing agent is already talking to interested parties. The S$540 million project is scheduled … Read more
Hup Soon Global in Thai property venture
Catalist-listed Hup Soon Global Corporation Ltd, a seller of automotive aftermarket products, agriculture equipment, industrial supplies and material handling equipment in South East Asia, said on Thursday it was teaming up with a local partner to redevelop its Thai property in Bangkok. Its Thai-based associate United Motor Works (Siam) Public Company Limited (UMWS) has entered … Read more
Yanlord denies China graft reports
Yanlord Land, a developer of luxury homes in China, said on Thursday that Chinese media reports linking it to graft charges against a senior Chinese government official were untrue. The company said Kang Huijun, a former vice governor of the Pudong New Area who is now on trial in China, had together with his family … Read more
SM Goh suggests Tianjin Eco-City be turned into financial hub
Senior Minister Goh Chok Tong has suggested that the China-Singapore Tianjin Eco-City can be turned into a sub-regional financial hub within China’s northeastern region. Mr Goh made the suggestion during a meeting in Tianjin with the city’s Party Secretary Zhang Gaoli on Thursday evening. He said the flagship project between China and Singapore can also … Read more
CapitaLand JV awards US$500m contract
CAPITALA, a CapitaLand joint venture with Abu Dhabi-based Mubadala, has awarded the main construction contract for Rihan Heights, the first phase of its US$5-6 billion flagship project Arzanah in Abu Dhabi. The contract, valued at AED 1.9 billion (about US$500 million) has been awarded to a joint venture between Malaysia’s Sunway Construction and Abu Dhabi-based … Read more
OUB Centre Limited announces plans for new commercial tower
New commercial tower marks strong renewal for Raffles Place OUB Centre Limited today unveiled plans for a spectacular new 38-storey commercial tower which will form part of One Raffles Place, creating a new gateway to Singapore’s established centre of business and commerce. The new One Raffles Place tower will provide 350,000 square feet of Prime … Read more
Property players to showcase luxury homes
Knight Frank to offer complimentary tours of 4 high-end developments PROPERTY firms and developers are looking to showcase – and maybe sell – luxury apartments as the wealthy roll into town for this weekend’s Formula One race. Several plan to arrange visits to showflats for interested visitors. And others, who have nothing concrete planned, say … Read more
Wing Tai picks top architects for 2 projects
Pritzker Prize winner Jean Nouvel to design his first project in S’pore FEW cities can claim to have buildings designed by 10 Pritzker Prize winning architects, and Singapore is now one of them. To date there are only about 30 winners of the prestigious Pritzker Prize – the architectural equivalent of the Pulitzer Prize – … Read more
Lehman’s failure won’t affect projects: CES
The 2 condos are substantially sold; funds to complete projects secured CHIP Eng Seng (CES) said its two joint-venture projects with a real estate equity fund managed by Lehman Brothers are unaffected by the collapse of the US investment bank. CityVista: The 70-unit project at Peck Hay Rd is already 54% sold at an average … Read more
Monaco now has the costliest luxury homes
It overtook London with an average price increase of 30% to £3,762 psf London was overtaken by Monaco as the world’s most expensive location for luxury homes as job cuts by banks and the prospect of lower bonuses discouraged buyers. Cooling demand: Average prices for houses and apartments in London’s nine most expensive neighbourhoods fell … Read more
