CapitaLand eyes expansion in Malaysia
Singapore-based property developer CapitaLand Ltd is seeking to expand its presence in Malaysia’s property sector with the robust turnaround of the nation’s economy at an estimated gross domestic product of about 6.5 percent this year.CapitaLand keeps a long-term view of...
Continue Reading • 5 Oct 2010
Morgan Stanley: Downside of Singapore REIT prices limited near-term
Downside of prices for Singapore REITs are limited in near term, given the continued demand of investors for higher yield amid low interest rates, said Morgan Stanley.The global financial services firm adds that increasing asset values particularly the office property market, and the stronger...
Continue Reading • 4 Oct 2010
UK lenders cut mortgage rates
Several mortgage lenders in the UK have cut their interest rates for loans after the Bank of England (BoE) warned that it would be more difficult for borrowers to obtain loans.The Post Office reduced its mortgage rates by up to 0.34 percent. Its five-year fixed-rate mortgage now stands at 4.55...
Continue Reading • 4 Oct 2010
One-stop shop for Malaysian property investors
In an effort to promote Malaysia as a property investment destination, Malaysian Property Incorporated (MPI) has launched an office-cum-show gallery at SGX Centre 1, Shenton Way, which intends to be a one-stop shop for property investment queries.Potential investors can get the latest updates on...
Continue Reading • 4 Oct 2010
Oxley Holdings eyeing SGX listing
The recent measures aimed at cooling the property market have not stopped Oxley Holdings from seeking a listing on the Singapore stock exchange. The lifestyle property developer recently lodged its preliminary offer document for a listing on the Catalist board of the Singapore Exchange Securities...
Continue Reading • 4 Oct 2010
Ho Tong Yen to lead Sino-Singapore Tianjin Eco-City
Keppel Corporation has announced the appointment of Mr. Ho Tong Yen as chief executive officer of Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd. (SSTEC). Mr. Ho will take over outgoing CEO Goh Chye Boon, who will be leaving at the end of the year. Mr. Ho currently serves as...
Continue Reading • 4 Oct 2010
Yanlord acquires Shanghai site for $568m
Mainboard-listed property developer Yanlord Land Group has acquired a prime residential development site in Tangzhen New District in Pudong, Shanghai for about RMB2.89 billion ($568 million), or approximately RMB16,102 psm in a public tender.The 179,944 sq m development site capitalises on key...
Continue Reading • 4 Oct 2010
PropertyGuru named best E-Enterprise company
PropertyGuru.com.sg, Singapore’s largest property portal, has been named best E-Enterprise Company at the 2010 SiTF Awards, beating more than 25 companies including the National Library Board and Ministry of Defence to top the category.Organised by the Singapore Infocomm Technology...
Continue Reading • 4 Oct 2010
Centraland secures S$127.7m of investment
China-based property developer Centraland has secured S$127.7 million or 650 million yuan worth of investment from Warburg Pincus, a US private equity firm.Warburg Pincus is set to acquire a 31.71 percent stake in each of two property projects by Centraland under a signed agreement. The projects...
Continue Reading • 1 Oct 2010
Anouska Hempel joins yoo's world famous design team
Anouska Hempel, one of the world’s most internationally celebrated designers, has joined the team of yoo to help developer clients compete in the property market by providing the best architecture, residential and hotel interior design, branding and marketing.The London-based...
Continue Reading • 1 Oct 2010
Property stocks fall as China implements new measures
Shares of property companies in Singapore with exposure to China's real estate market declined yesterday, following the introduction of new measures aimed at cooling the market, according to traders.Shares of CapitaLand dropped as much as 1.2 percent to $4.06, with almost nine million shares...
Continue Reading • 1 Oct 2010
UK mortgage market continues to struggle
Banks in the UK are not expecting borrowers to get mortgage loans more easily in the coming months, according to a survey conducted by the Bank of England (BoE).The current economic condition is expected to hinder the availability of mortgage loans in the next three months. However, BoE’s...
Continue Reading • 1 Oct 2010
Keppel Land to strengthen focus in China
Keppel Land Limited, the property arm of Keppel Corp, has announced it will strengthen its focus in China through Keppel Land China Limited, a wholly-owned subsidiary that is being set up to operate and own all of Keppel Land’s assets in China.With Keppel Group’s strong network and...
Continue Reading • 30 Sept 2010
New measures to cool China's property market
China has implemented new measures to cool the property market, raising the ratio of mortgage deposits for all first homebuyers to more than 30 percent.Banks must also suspend loans for third home purchases, and officials would be held accountable if they fail to impose the policies, said Xinhua...
Continue Reading • 30 Sept 2010
Leading Asian companies to see profit growth
Large Asian companies are expected to see double-digit profits and sales growth in FY2010 and FY2011, according to the latest Asian Corporate Earnings Survey from Daiwa Capital Markets.The survey said Asia’s top 100 firms are expected to see a combined net income increase of 35 percent...
Continue Reading • 30 Sept 2010
Frasers Hospitality launches Osaka hotel
Frasers Hospitality, the hospitality unit of Frasers Centrepoint, has announced the launch of Fraser Residence Nankai Osaka in Japan.The 114-room hotel is one of the 12 new properties under the portfolio of Fraser and Modena brands this year and the 35th property being managed by Frasers, said...
Continue Reading • 30 Sept 2010
UOL wins tender for China site
UOL Group has announced its successful bid for a land parcel in Changfeng Ecological Business Park in Shanghai.Together with Singapore Land and Kheng Leong Co Pte Ltd, UOL will acquire a land parcel worth 2.06 billion yuan (S$405.1 million), which translates to 24,000 yuan psm of gross floor...
Continue Reading • 30 Sept 2010
Mapletree Industrial IPO expected to raise $940m
Mapletree Industrial Trust, which owns several factories and industrial properties in Singapore, has announced it would raise as much as $940 million from its IPO in Singapore after setting a price range of between S$0.88 and S$0.93 a unit.According to a draft prospectus, Mapletree is selling...
Continue Reading • 30 Sept 2010
Ascott unveils quality project in Dubai
Ascott, a wholly-owned serviced residence arm of CapitaLand, is bringing its premium brand into Dubai through a management contract for a premier serviced residence in the prime commercial area of the city.The company will operate a 118-unit property starting tomorrow and will rebrand it as...
Continue Reading • 30 Sept 2010
Tourism in Singapore soars
Singapore has recorded an 18 percent growth in visitor arrivals to 996,000 in August this year, the highest seen for the month and the ninth straight month of record visitor arrivals.The growth in visitor arrivals in August was partly driven by the continuing strength of the Asian economy, the...
Continue Reading • 29 Sept 2010