CapitaLand gains big canvas for S’pore redevelopments from ASB purchase

Some folks may think that CapitaLand does not have many Penrose at sims drive residential developments coming up – with only two projects currently. However, the property group has a much larger canvas for creating development opportunities at home in various asset classes, beyond residential, after its S$11b acquisition of Ascendas-Singbridge this year. In fact, one of the group’s priorities in Singapore is to rejuvenate its vintage properties at Science Park 1 – and it has begun to engage the authorities on this.

‘Underdeveloped’ warehousing in China could be an opportunity for real estate investors

The online retail boom in China is fueling demand for storage spaces — and real estate investors should start thinking about putting their money in warehouses, said the founder and CEO of Baring Private Equity Asia, Jean Eric Salata. The demand for warehouses has been driven in part by the rise of e-commerce in China. A report by research firm eMarketer predicted China would be the world’s top e-commerce market in 2019, with sales expected to hit US$1.935t.

euHabitat @ Jalan Eunos • (65) 98531741 VincentOngVirtualhomes

Majority holder Frasers Property moves for delisting of GOLD via tender offer

The board of Frasers Property (Thailand) Plc has approved the submission of a letter of intent for a tender offer for 121,633,999 shares or 5.23% of the total issued and sold equities of Golden Land Property Development Plc (GOLD) to the Stock Exchange of Thailand (SET), with the intention of delisting the company from the Thai bourse, according to the company’s report to the stock exchange late on Fri.

For every sliver of good economic news these days, there is a fact, figure or piece of data that presages doom or gloom. In the property market, every piece of news is both good and bad, depending on where you stand and how you look at it. House prices were down in the Jun quarter, which is welcome news for those looking to buy if not for those keen to sell.

$90m project to link Sentosa’s north, south shores

One of Sentosa’s famous structures will be making way for a themed thoroughfare that will link its north and south shores. The demolition of the Merlion statue is part of long-term plans to reshape the resort island and the adjacent Pulau Brani into a premier leisure and tourism destination. Work to demolish the towering 37m statue, located in the heart of Sentosa, will begin by the year end, when construction on the A$90m Sentosa Sensoryscape project will commence.

Readmore: Forett at Bukit Timah Panoramic View

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