Ardmore 3 @ Ardmore Park
Located in Singapore’s most desirable residential enclave, Ardmore 3 is an ultra luxury niche 36-storey development in Ardmore Park. This freehold address offers convenient access to the heart of Orchard Road, while remaining exclusive and retains all the privacy away from the hustle and bustle of the city. Email info@lushhomemedia.com with the following to register … Read more
Ground breaks for $1.3 billion mall at Serangoon Central
The ground breaking for a $1.3 billion mall at Serangoon Central took place on Tuesday. The six-level project will have net lettable area of about 600,000 sq ft and will be completed by end-2010. It will have a hypermarket, gourmet supermarket, department store, 10-screen cineplex, 500-seat food court and more than 400 specialty shops. The … Read more
Low Keng Huat wins S$295 mln Serangoon Central mall contract
Low Keng Huat (Singapore) Limited has been awarded a S$295 million construction contract. The contract is for the building of Serangoon Central Mall, a 4 storey with 2 basement shopping complex and bus interchange at Upper Serangoon Road/Serangoon Central/Serangoon Avenue 2 (Serangoon South Planning Area). The project is awarded by Gold Ridge Pte Ltd which … Read more
GuocoLand signs KinderWorld as major tenant in Vietnam
GuocoLand has signed The KinderWorld Group as a major tenant for an international school in The Canary, an integrated development on the outskirts of Ho Chi Minh City in Vietnam. The Canary is being developed by a full-owned subsidiary of GuocoLand Ltd. KinderWorld’s proposed Singapore International School at The Canary is targeted to be operational … Read more
British business spaces at record low values
Retail premises among the hardest hit as businesses struggle to pay rents COMMERCIAL property in Britain has hit its lowest point in more than 20 years as capital values slump and the economic downturn puts pressure on business rents. Retail premises are among those hardest hit as Britain’s economy heads for a sharp contraction, with … Read more
London, Tokyo, New York office rents fall first time since 2002
Office rents in London’s West End, midtown Manhattan and Tokyo fell in the third quarter for the first time in almost seven years as the global financial crisis cut demand, CB Richard Ellis Group Inc. said. The total office occupancy cost in the West End was 139.50 pounds ($248.66) per square foot a year in … Read more
Asian property markets on investors’ radar
Top picks are Japan, Australia, China, HK and Singapore Asia’s battered property markets are starting to attract strong interest from investors, with Japan, Australia, China, Hong Kong and Singapore among their top picks in the region. Property fund manager LaSalle Investment Management, which raised a US$3 billion fund in August, expects Hong Kong and Singapore … Read more
Fund manager sees value in Sino Land, China Overseas Land
Hong Kong’s Sino Land and the mainland’s China Overseas Land & Investment Ltd are among the property stocks offering the best value in Asia, fund manager Henderson Global Investors says. Chris Reilly, director of property for Asia, said funds run by his company were keen on buying property stocks in Australia, Singapore, China and Hong … Read more
Cognita wins site to set up school
Group runs more than 45 schools in UK and Spain International education group Cognita has been awarded a state site at the former Upper Serangoon Secondary School, to set up an international school. This is the first time that a Request-for-Interest (RFI) exercise has been conducted to award state land sites for foreign system schools … Read more
Australian private property fund aborts Singapore acquisitions
Blaxland strikes out despite downsizing from $300m planned portfolio AN Australian private property fund manager that had been expected to buy some $200 million of Singapore industrial properties including eSys Technologies building in Changi North has decided not to proceed with the acquisitions. Blaxland Funds is said to have put its plans on hold, given … Read more
