Completed products may be the way to go for developers
Wheelock Properties CEO says the new trend will raise the stakes for developers to deliver good-quality projects WHEELOCK Properties (Singapore) CEO David Lawrence sees developers having to sell residential projects as completed products – and not off-plan, before construction is finished – in view of near-term weak market sentiment. And on a positive note, this … Read more
Iras told to relook property tax rules
Court ruling on sinking funds could affect strata-titled property A DISPUTE over one man’s property tax which went all the way to the Court of Appeal has resulted in the tax authorities being asked to relook the rules – a move which could affect thousands of strata-titled private properties such as condominiums and malls. The … Read more
MI-Reit’s DPU jumps 26% to 2.35 cents in Q2
MACARTHURCOOK Industrial Reit (MI-Reit) yesterday posted net property income of $9.3 million for its second quarter ended Sept 30, 2008 – up 58 per cent from a year earlier. The improvement was largely due to rental income from nine properties MI-Reit acquired in the past financial year. Distribution to unitholders rose 27 per cent quarter … Read more
Marina Bay Sands – too big to let fail?
IN RECENT weeks, its top executives have been going around the region to raise funds – to stave off defaulting on its loans, a risk it admitted on Thursday amid doubt about the casino giant’s viability. As Las Vegas Sands’ (LVS) troubles fed whispers about the fate of its US$4.2-billion($6.3 billion) Marina Bay project here, … Read more
