More 2 and 3 room HDB flats to be built in the next few months
The construction and upgrading of HDB flats will be a major project in the months ahead. The National Development Ministry said these are ongoing projects which will not be affected by the economy. Construction costs may have gone up but so has the demand for public housing. National Development Minister Mah Bow Tan said: “The … Read more
The greening of JTC’s industrial estates
Paya Lebar iPark is leading the way with greater openness and accessibility WITH concrete buildings, high fences and heavy trucks going in and out, industrial parks tend to have a drab image. But JTC Corporation aims to change that, starting with Paya Lebar iPark (PLiP) – an industrial estate with green open spaces and specially … Read more
FCOT gets $70m F&N loan to repay debt
FRASERS Commercial Trust (FCOT) has taken a $70 million loan from parent company Fraser and Neave (F&N) to repay debt. The money has been used to repay $70 million of loan notes issued to Australia’s Commonwealth Bank, FCOT said yesterday. F&N made the loan to FCOT on normal commercial terms. It is for an initial … Read more
Funds waiting to grab cheap Asian properties
They are raising funds for direct property investments in the region as values slide AS property values in Asia slide, hedge funds, private equity funds and pension funds are waiting in the wings to swoop in on good buys, according to KPMG’s global head of real estate, Jonathan Thompson. ‘We’re aware that some (hedge funds … Read more
Construction sector’s growth flagging
THE recent construction boom, after a prolonged downturn from the late 1990s to 2005, is starting to fade. After a strong 20.3 per cent year-on-year growth last year, the construction sector sustained that momentum to report an 18 per cent growth rate in the first half of 2008. However, in this year’s third quarter, growth … Read more
Singapore’s K2LD Architects bags award for hotel project
SINGAPORE-BASED boutique architectural firm K2LD Architects has clinched a coveted Fiabci award for its maiden hotel project, the G Hotel in Penang. G Hotel won the Malaysia Property Award 2008 in the hotel category of the widely-recognised Fiabci awards, K2LD said. Fiabci, based in France, is a worldwide network of property industry professionals. The Malaysian … Read more
