First proper housing for maids to open in Sept

First proper housing for maids to open in Sept
 
Dormitory for 400 will boost living conditions and lead to decent treatment, say activists
 
A DORMITORY for maids, the first of its kind here, will open in Woodlands in September, a development that has been welcomed by activists championing their cause.
 
Occupying the former premises of a children’s [...]

Soilbuild is top bidder for Woodlands site

Soilbuild is top bidder for Woodlands site
It offers $13.61m for industrial site; may build landed and/or flatted factories
 
 
SOILBUILD Group Holdings yesterday emerged as top bidder in a state tender for a 60-year leasehold industrial site at Woodlands, offering $13.61 million or $30.10 per square foot (psf) of potential gross floor area. This was almost 60 [...]

Soilbuild puts in top bid of S$13.6m for Woodlands site

Soilbuild puts in top bid of S$13.6m for Woodlands site
 
SINGAPORE: Niche property developer Soilbuild has put in the top bid of over S$13.6 million for an industrial site at Woodlands Industrial Park. This works out to S$30 per square foot per plot ratio.
 
The site has a 60-year lease and can potentially yield a gross [...]

A-Reit: Q1 distributable income of $52m

A-Reit: Q1 distributable income of $52m
 
 
ASCENDAS Real Estate Investment Trust (A-Reit) yesterday reported net distributable income of $51.8 million for the first quarter ended June 30, 2008 - 15.9 per cent higher than for the corresponding period last year.
 
 
This follows a 19.6 per cent growth in gross revenue from the year-ago period to $92.5 million. [...]

SingPost HQ up for sale with $850m tag

SingPost HQ up for sale with $850m tag
Terms of any leaseback deal could determine price it fetches: observers
 
THE buzz created by recently unveiled plans to develop the Paya Lebar area into a commercial hub may get a boost from Singapore Post’s planned sale of its landmark headquarters building next to Paya Lebar MRT Station.
 
BT understands [...]

Hi-tech rents, occupancy rates up

Hi-tech rents, occupancy rates up
Insufficient and expensive offices drive tenants to business parks, leading to 6.8% rise q-o-q
 
RENTS and occupancy rates for hi-tech and business park space were lifted in the second quarter of this year by spillover demand for office space, property consultants say. And rents for factories and warehouses have edged up too.
 
According [...]

Mapletree full-year earnings dip 3%

Mapletree full-year earnings dip 3%
But operating profit rises 35%; revenue jumps 69% to $365.6m
 
MAPLETREE Investments posted a 3 per cent dip in net earnings for the year ended March 31, 2008 to $1.04 billion because of lower net revaluation gain and higher net finance cost.
 
Operating profit, however, rose 35 per cent to $146.9 million on [...]

Business parks and high-tech sites gaining popularity

Business parks and high-tech sites gaining popularity
 
BUSINESS parks and other high-tech industrial sites in Singapore have become increasingly popular among eligible tenants.
According to a new report released yesterday by CB Richard Ellis (CBRE), the overall occupancy rate at business parks probably hit a new high of 90 per cent last month, up from 88 [...]

Mapletree planning $682m fund in Vietnam

Mapletree planning $682m fund in Vietnam
 
REAL estate firm Mapletree Investments is setting up a US$500 million (S$682 million) fund to invest in properties in fast-growing Vietnam, to be launched within 12 months.
The Temasek Holdings unit said it is setting up the fund to ‘harness Vietnam’s rising development cycle, and to tap into the growing [...]

Business park occupancy rates may hit new high

Business park occupancy rates may hit new high
 
SINGAPORE : Business parks are set to see occupancy rates go beyond 90 per cent by the end of June this year to hit a new peak, according to property consultants CB Richard Ellis (CBRE).
 
At the end of March, the average occupancy rate for business parks stood [...]