IGB deputy CEO Tan Boon Lee: Leveraging on our vast experience, we would like to own and operate lifestyle products catering to convalescent/post-hospitalisation care and seniors living. We will be rejuvenating one of our hotels to run this new business
Club Med senior vice-president of commercial Southeast Asia (SEA) and Marketing Asia Pacific (APAC), Vincent Ong: We have owned the property for the past 40 years and are looking for a partner now to take it to the next level. We'll keep it running as part of a long-term lease.
Noteworthy:
● Freehold
● Land size: 136,124 sq ft
● Large open yard
● Comes with a factory building with four offices and a guardhouse
When: May 2021
The general occupancy rate for purpose-built office and shopping complex segments stood at 78.5% and 76.6%, respectively.
Foo pointed out that a proper plan-and-build worker accommodation is very much in need now to lower the risk of Covid-19 cluster outbreaks in construction sites.
"We need to assess the demand of affordable housing and match it with the existing supply, not the future incoming supply, to avoid creating more overhang houses.”
Noteworthy:
● Freehold
● Land size: 1,755 sq ft
● Built-up: 2,200 sq ft
● Four bedrooms; three bathrooms
● Facing the park
When: July 2021
Do get overly excited and maintain a level head or you may just regret it
The four logistics assets are located in Shanghai, Kunshan, Wuhan and Chengdu.
Sited on eight acres, the serviced apartment comprising 1,450 units will have built-ups ranging from 600 sq ft to 850 sq ft.
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