CRCT buys China mall for RMB163.5m
CapitaRetail China Trust Management (CRCTML), the manager of CapitaRetail China Trust (CRCT), is acquiring Xizhimen Mall Basement 1 Extension (Phase 2) for RMB163.5 million (US$23.9 million) from Beijing Finance Street Construction Development Co Ltd. Xizhimen Mall is part of Xihuan Plaza, which is an iconic mixed-use development strategically located at Xizhimen inter-modal transportation hub in … Read more
CCT, Suntec fall on downgrades
CapitaCommercial Trust (CCT) and Suntec Real Estate Investment Trust fell on Monday after Credit Suisse downgraded them to ‘underperform’ due to the weaker outlook for Singapore’s office market. ‘We now expect rentals to peak earlier in 2008, and fall 50 per cent to $9.18 (US$6.43) per square foot per month in 2011, prompted by peak … Read more
Trilight
Quietly sited at the highest point in Newton, where urban diversity meets nature’s tranquility, Trilight offers a limited collection of luxury residences representing a unique take on contemporary design. Within minutes from the bustling city center, the lush landscape design creates a sanctuary nestled within a man-made forest of trees, providing residents with a sense … Read more
Grade A office rents in CBD slide for first time in years
Average monthly rent at Raffles Place slips 1.4% to $17.64 psf in Q3 Grade A office rents in Singapore’s Central Business District (CBD) have declined for the first time since the office market troughed in 2004. The average gross monthly Grade A rental value for the Raffles Place area slipped 1.4 per cent to $17.64 … Read more
Top leaders from Singapore and Beijing break ground for eco-city
TIANJIN: After 17 months of painstaking preparation and planning, Singapore and China yesterday began construction of their flagship eco-city, with a ground-breaking ceremony attended by top leaders from both countries. Singapore’s Senior Minister Goh Chok Tong and Chinese Premier Wen Jiabao were at the event to launch the project, which both sides hope will show … Read more
Pinnacle flats on offer
FOR those waiting to snap up a public flat in the iconic 50-storey integrated housing development, the good news: Some 428 four- and five-room units at The Pinnacle@Duxton are among 992 available under the Housing and Development Board’s (HDB) latest balloting exercise launched on Friday. The much-hyped flats in the Cantonment Road area are among … Read more
