Malay Village area set for a revamp under URA Draft Masterplan 2008

Malay Village area set for a revamp under URA Draft Masterplan 2008
 
SINGAPORE: National Development Minister Mah Bow Tan has unveiled some features of the Malay Village facelift under the URA Draft Master Plan 2008.
 
In outlining future plans for the Paya Lebar area in Parliament on Monday, the Minister said a substantial portion of the [...]

URA closes tender bid for Choa Chu Kang site

URA closes tender bid for Choa Chu Kang site
 
SINGAPORE : The Urban Redevelopment Authority (URA) of Singapore has closed the tender for a 53,200-square metre residential site at Choa Chu Kang Drive.
 
The highest offer for the site was for S$116 million, which translates to S$203 per square foot. The offer was submitted by Tian [...]

Katong Mall up for collective sale by tender

Katong Mall up for collective sale by tender
 
SINGAPORE : Katong Mall is up for collective sale by tender.
 
Under the Master Plan, the 99-year leasehold 78,158 square foot commercial development site has a gross plot ratio of up to 3.6, with an allowable building height subject to evaluation.
 
It has the potential to be redeveloped [...]

M Stanley sells Russian mortgage business

M Stanley sells Russian mortgage business
 
MOSCOW – The Russian subsidiary of Morgan Stanley said on Monday it plans to sell its mortgage lending unit.
 
Morgan Stanley bought the City Mortgages bank in 2006 in a deal valued at US$185 million, or 4.75 times the book value.
 
Russian business newspaper Vedomosti quoted a source close to [...]

KSH in JV to develop Mergui Rd site

KSH in JV to develop Mergui Rd site
 
Property-linked KSH Holdings Limited on Monday said it has entered a joint venture with Multi Wealth Singapore Pte Limited and LBH Pte Ltd to develop a freehold site at Mergui Road.
 
The 74,355 sq ft site with a plot ratio of 2.8 was bought by Mergui Develpment Pte [...]

Indiabulls Trust plans US$287m in S’pore IPO: source

Indiabulls Trust plans US$287m in S’pore IPO: source
 
SINGAPORE – Indiabulls Properties Investment Trust plans to offer shares within a $1-$1.10 price range, to raise up to $389 million (US$287 million) in a Singapore listing, a source briefed on the deal said on Monday.
 
The projected yield for the trust, sponsored by India’s fourth-largest developer by [...]

Indiabulls Properties price range at $1-$1.1

Indiabulls Properties price range at $1-$1.1 
  
Indiabulls Properties Investment Trust has set a price range of a dollar to a dollar ten cents per unit in its Singapore initial public offering that will raise up to 389 million dollars.
 
a person familiar with the matter told Dow Jones Newswires that the the IPO, which will [...]

Hersing in JV talks to buy up to $300m storage facilities

Hersing in JV talks to buy up to $300m storage facilities
 
Property-related Hersing Corporation on Monday said it is negotiating with a leading global real estate fund regarding a possible joint venture (JV) in the self-storage business.
 
The purpose of the proposed JV is to acquire and develop properties worth up to $300 million (US$221 million) [...]

Mapletree to develop US$320m China project

Mapletree to develop US$320m China project
 
SINGAPORE – Mapletree, the real estate arm of Singapore investment firm Temasek, said on Monday that it will be developing a US$320 million property in China through a real estate fund.
 
The mixed development project will be funded by Mapletree’s private China-India fund, a spokesman said. — REUTERS
 
Source: Business [...]

HK home owners brace for interest rate hikes

HK home owners brace for interest rate hikes
 
HONG KONG home owners are expecting interest rate hikes as banks in the city attempt to bolster earnings, ending a long run of cheap mortgage costs. But some market factors may militate against such a move.
 
Banks have been sounding the alarm bells as their margins feel the squeeze [...]