Sunway REIT in good position to attract investors
Sunway REIT’s proactive capital management allows it to enjoy lower borrowing costs than its peers.
Sunway REIT’s proactive capital management allows it to enjoy lower borrowing costs than its peers.
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.
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).
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.
Construction and property development company Kenwingston Sdn Bhd may be relatively young — it was incorporated in 2010 by a group of property professionals — but its aggressive strategy saw it grow by leaps and bounds in recent years.
THE leafy neighbourhood of Taman U-Thant in Kuala Lumpur, which is dotted with foreign embassies, ambassador residences, the impressive bungalows of the country’s wealthy and several boutique developments, will soon see a new addition — The Edge of U Thant. The product of boutique developer Artisan Development Sdn Bhd, the gated project with a gross development value of RM300 million will be completed next year.
Also, the presence of Mitsui Fudosan will help enhance marketability and differentiate the BBCC from nearby projects...
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The Malaysian construction sector has been robust — it grew 7.9% in the first quarter and increased to 8.8% in the second quarter, outperforming other economic sectors.
The deferred launch of Sunway Geo Residences 3 is mainly due to resubmission of plan for the subdivision of land to include additional walkway connecting to the bus rapid transit line. The effective sales for the nine months in FY16 already achieved RM638 million, which was contributed mainly by Sunway Mont, Iskandar, Gandaria, Singapore and China.