Market left guessing Desmond Lim’s plans
Many are wondering what he has for WCT, Pavilion REIT and Malton
Many are wondering what he has for WCT, Pavilion REIT and Malton
News of the stake disposal came in as a surprise. Tan Sri Desmond Lim already has a retail REIT in Pavilion REIT and property development business in Malton.
Providing basic, sufficient and affordable housing for its people, particularly those with a low income, is one of the fundamental duties of the state.
“As we bond, we can motivate each other and work towards the common goal.”
“What if an internet glitch causes the platform to hang while a bidder is bidding for a property online?”
The advancement of technology has given rise to more flexible working arrangements and workplace innovations such as remote working, co-working spaces and teleconferencing.
According to the National Property Information Centre’s data for 1H2016, a total of 163,528 properties were transacted averaging 27,255 properties a month, a decrease of 12.3% compared to the same period last year.
GuocoLand and EcoWorld will sign another two deals at a later stage to further outline their long-term partnership.
Apart from the Pavilion Extension, industry sources say PavREIT could be looking at retail mall Fahrenheit 88 as a prospect as well.
The privatisation was first proposed in May.