Property-bound Singapore capital now prefers home turf
The capital flight to greener pastures abroad from Singapore has slowed to a trickle, amid a turnaround in the property market at home.
The capital flight to greener pastures abroad from Singapore has slowed to a trickle, amid a turnaround in the property market at home.
Construction and engineering firm Koh Brothers Group, together with another stakeholder, has sold off joint venture Buildhome Pte Ltd for S$41.6 million (RM130.4 million), according to a report by The Business Times.
The consortium said it may acquire another 19.9% stake in WBL at S$2.07 per share at a later date.
Singapore’s industrial property market could bottom out soon as macroeconomic forces gather strength.
From a year ago, resale prices were 2.2% higher, also mainly led by the CCR and RCR.
Six Singapore companies are teaming up to participate in high-speed rail projects starting with the Kuala Lumpur-Singapore high-speed rail.
Plans are afoot for more active and aggressive land-banking at CapitaLand, after the opening of four integrated projects in China in April, including three Raffles City projects.
It becomes the first foreign bank to invest in the development.
The Edge Property Singapore has identified several private non-landed residential developments with high potential to be put up for collective sale.
Property group ropes in Hongkong Land to develop prime Singapore land.