Australian property giant Lendlease’s maiden residential project in Singapore, the 429-unit Park Place Residences at Paya Lebar Quarter (PLQ), saw 215 units (50%) sold on the first day of sales on March 25. Units sold ranged from S$800,000 for a one-bedroom unit to S$2.1 million for a three-bedroom premium unit, or from S$1,600 to more than S$2,000 psf.
One of the problems being a foreign property investor is security and safety concerns for the property that they have invested in, noted Singapore Association of Property and Facility Managers president Dr Lim Lan Yuan. This is especially so if the investor is not based in the country.
Strata property owners should participate in the annual general meetings (AGM) held by their management councils in order to ensure their properties are managed well, said Chur Associates managing partner Chris Tan.
Gamuda Land, the property development arm of Gamuda Bhd, is looking to launch the phase 1 of twentyfive.7 township located next to Kota Kemuning in 3Q2017.
Yong Tai, through its subsidiary YTB Development Sdn Bhd, and KOF entered into a joint-venture agreement for the development on Lots 169 and 170 today.
A consortium of locally listed companies have entered into a franchise agreement with hotel chain operator Hilton to build a 192-bedroom hotel in Leeds, UK, to be operated under the Hampton by Hilton brand.
Majuperak Holdings Bhd is disposing of two plots of leasehold land measuring 664.78 acres in Kinta, Perak for RM17.72 million cash, the company announced yesterday.
We were encouraged by the management’s commitment to continue focusing on the affordable segment, with the majority of its new launches in the financial year ending June 30, 2017 (FY17) and FY18 catering to this particular segment. We believe demand for products within this segment
Malaysian Resources Corp Bhd’s (MRCB) recent joint venture (JV) with Adani Realty could spur its growth prospects by looking out for higher-margin projects and sharing its expertise in developing transit-oriented development (TOD) projects in India.
It will also continue to restructure the group via non-core asset sales.
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