In Depth

Econpile clinches MRT II project

With the latest project, we remain positive about the group’s outlook as this will enable them to continue playing a pivotal role in robust development particularly in the Klang Valley.

No catalysts as yet for CMMT

CMMT’s management is focusing its efforts to arrest rental reversion decline for Sungei Wang Plaza and has put in place strategies to help reposition and rebrand the mall.

CMMT to revamp its malls

Excluding the newly acquired Tropicana City Property, CMMT’s portfolio shopper traffic improved by about 9.4% y-o-y in 3Q16, marking a turnaround in the visitor footfall downtrend in the previous year.

UEM Sunrise plans more launches in FY17

Most of the planned launches are on track to be unveiled by end-2016 with the exception of St Kilda, Melbourne which has been postponed to 2017.

Rejuvenating the Katong-Joo Chiat precinct

The stretch of Singapore’s East Coast Road flanked by Mountbatten Road on one side and Joo Chiat Road on the other has seen a huge transformation in recent years. Many of the commercial buildings have changed hands, with some undergoing either major refurbishment or redevelopment.

Homebuyers’ wish list

PRIVATE homes priced between S$1 million and S$1.5 million were the most ­sought-after among the respondents polled in a joint survey by Knight Frank and The Edge Property Singapore. The survey found that 217 of the 500 respondents, or nearly one in two, were on the lookout to purchase a private home in Singapore. Of the 217, 42% were looking to buy a private home in the S$1 million-to-S$1.5 million price range (see Chart 1).

From crocodile farm to coveted residence

ONE Surin, a strata landed housing project, is a redevelopment of two adjoining sites at 1 Surin Road and 709 Upper Serangoon Road. The sites were formerly owned by the late Tan Gna Chua, a trader in crocodile skins after World War II. The businessman turned his home into a reptile farm, the first of its kind in Singapore. The Singapore Crocodile Farm operated for more than 67 years before closing in 2012. The site was zoned for mixed-landed housing under the 2008 Master Plan.