Reits get downgrade on financing fears

Reits get downgrade on financing fears
 
REAL estate investment trusts (Reits), once an investors’ darling, are feeling the heat of the credit crunch and the expected rise in bond yields.
 
A number of analysts have downgraded the sector on concern over the funds’ ability to secure future financing, whether through the structured debt or equity markets or [...]

‘Realistic’ prices drive home sales

‘Realistic’ prices drive home sales
 
FOR nine months over an unfolding global credit crunch, developers here held back from pushing out condominiums and houses into the market. Homebuyers found little variety in the showrooms.
 
But when the supply gate was unlatched in June, interest poured back in — especially into the mass-market segment — resulting in a [...]

12 MRT stations for Bukit Timah by 2015

12 MRT stations for Bukit Timah by 2015
180,000 rides expected on the underground line
 
A DOZEN new MRT stations will come up in the Bukit Timah area as part of Stage 2 of the Downtown Line.
 
They will serve several schools such as Singapore Chinese Girls’ School, National Junior College, Hwa Chong Institution, Nanyang Girls’ High, Raffles [...]

Office rents in Singapore showing signs of peaking

Office rents in Singapore showing signs of peaking
 
SINGAPORE: Office rents in Singapore are starting to show signs of peaking, said property analysts.
 
They noted that prime rental costs have generally increased at a far slower pace in the first half of this year, compared to 2007.
 
Looking ahead, they expect office rents to soften even [...]

Route, stations for Downtown Line 2 unveiled

Route, stations for Downtown Line 2 unveiled
 
 

 
RESIDENTS in north-western Singapore now have an idea of how the Downtown Line 2 (DTL2) will run through their part of the island after its rail alignment and station locations were announced yesterday.
 
The 16.6km second stage of the Downtown Line will provide rail access to the Bukit Timah Corridor.
 
It [...]

Hiap Hoe puts in top bid of S$73.3m for Balestier Road hotel site

Hiap Hoe puts in top bid of S$73.3m for Balestier Road hotel site
 
SINGAPORE : Property developer Hiap Hoe has put in the top bid of S$73.3 million for a hotel site at Balestier Road and Ah Hood Road.
 
The price works out to S$172 per square foot per plot ratio for the 99-year leasehold site. [...]

CapitaLand sets up US$1b fund to invest in China

CapitaLand sets up US$1b fund to invest in China
 
SINGAPORE: Southeast Asia’s biggest property developer, CapitaLand, has set up a US$1 billion private equity fund to invest in mixed-use commercial properties in China.
 
The size of the fund could be increased to US$1.3 billion by the end of this year.
 
The Raffles City China Fund is [...]

CapitaLand starts China private equity fund

CapitaLand starts China private equity fund
 
CapitaLand has established its first integrated development private equity fund in China.
 
The Raffles City China Fund closed at 1 billion US dollars, making it the largest fund originated and managed by CapitaLand to date.
 
In a filing to the Singapore exchange, CapitaLand said the fund’s principal objective is to invest in [...]

Choice Tanah Merah site for sale

Choice Tanah Merah site for sale
Bids expected at around $250 psf ppr, 20% below price paid for neighbouring plot in 2006
 
 
A CHOICE Government Land Sale (GLS) site at Tanah Merah Kechil Avenue is on sale by public tender. But bids are expected to be around $250 per sq ft per plot ratio (psf ppr) - [...]

Frasers Centrepoint in $30m India deal

Frasers Centrepoint in $30m India deal
It’s acquiring 74% stake in KS Realty which owns 20.7 acre plot in Chennai
 
 
BUILDING a presence in India’s residential property market, Frasers Centrepoint will acquire a 74 per cent interest in Indian property firm KS Realty Constructions for $30.02 million.
 
 
Frasers Centrepoint’s subsidiary, Frasers India (I), entered into a conditional agreement [...]