Singapore-listed China developer Yanlord (YNLG.SI) said on Monday it has teamed up with GIC Real Estate to buy a prime residential site in Tianjin, China for 1.16 billion yuan ($226.1 million).
The site in Jinnan District will provide 364,787 square metres of gross floor area.
GIC Real Estate is the property arm of Singapore wealth fund Government of Singapore Investment Corp (GIC.UL).
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Zsa Zsa Gabor is selling her Hollywood mansion. After a year that’s brought a barrage of life-threatening health troubles, gangrene, and the amputation of her left leg just last week, the Moulin Rouge icon and her longtime husband Prince Frederic Von Anhalt are packing up and moving out of the 8,000 sq ft estate, which [...]
Mainboard-listed HLN Technologies, the manufacturer of precision metallic, elastomeric and polymeric components, says it is acquiring a 15.16% stake in Tianjin Swan Lake Real Estate Development Co. for RMB64 million ($12.7 million) to gain a foothold in China’s property market.
The consideration for the proposed acquisition is to be satisfied by cash of RMB58.5 million and the issue of 2.2 million HLN treasury shares priced at $0.50 each, which is at a premium of 14.3% to the group’s volume weighted average share price of $0.4375 on Jan 19.
UOL Group said its $313 million tender for a property in eastern Singapore was accepted and the company may redevelop the project for commercial and residential use, according to a statement to the Singapore exchange.
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Builder Lian Beng Group says subsidiary Lian Beng-Centurion (Mandai) has agreed to acquire a freehold land parcel at Mandai Estate along Woodlands Road for $67 million from Mandai Properties to develop the land into an industrial complex for sale and lease.
The 201,443 sq ft land parcel is located close to Yew Tee MRT station, as well as the Bukit Timah Expressway (BKE) and Kranji Expressway (KJE). It has a plot ratio of 2.5, and a resulting gross floor area of 503,606 sq ft. This works out to an average price of about $133 psf per plot ratio.
OCBC Investment Research in a Jan 7 research report says: “First REIT (FREIT) owns ten healthcare-related properties across Indonesia and Singapore. With a well-defined acquisition strategy, FREIT has managed to complete the acquisitions of two Indonesian hospitals recently which we view as yield-accretive in nature.
MarketWatch writes today: The non-seasonally-adjusted S&P/Case-Shiller 20-city composite home-price index fell 1.3% on a monthly basis and 0.8% on an annual basis in October. Economists polled by Dow Jones Newswires had expected a 0.6% decline i…
HLN Technologies (5HH.SG) +2.7% at $0.380 on above-average volume as the Singapore-based precision components maker seeks to diversify its earnings base by venturing into China’s real estate market.
Bowsprit Capital Corporation, the manager of First Real Estate Investment Trust (First REIT), Singapore’s first healthcare real estate investment trust, announced today that First REIT’s distribution in projection year 2011 is expected to rise from 8.57%1 to 9.14% following the acquisition of two new healthcare properties in Indonesia – The Mochtar Riady Comprehensive Cancer Centre and Siloam Hospitals Lippo Cikarang.
Zillow’s Stan Humphries said:The length and depth of the current housing recession is rivaling the Great Depression’s real estate downturn, and, with encouraging signs fading, will easily eclipse it in the coming months.During the Great Depression,…
First Real Estate Investment Trust (First REIT), Singapore’s first healthcare real estate investment trust is planning a rights issue to part finance the acquisition of two new healthcare properties in Indonesia.
The Mochtar Riady Comprehensive Cancer Centre (MRCCC) is being acquired from Wincatch Limited for $170.5 million, and Siloam Hospitals Lippo Cikarang (SHLC) is being acquired from the sponsor of First REIT, PT Lippo Karawaci Tbk, for $35.0 million.
The Hardest-Working Man in Hollywood — Ryan Seacrest, 35 — is selling his Hollywood Hills estate for nearly $15 million, The Los Angeles Times reported over the weekend. So just in case you’ve got a few cool millions laying around, here are the deets on Ry’s Hollywood digs: The 10,000-square-foot Mediterranean-style home, constructed in 1974, [...]
Bowsprit Capital Corporation, the manager of First Real Estate Investment Trust (First REIT), Singapore’s first healthcare real estate investment trust, today reported continued growth in distributable income for the third quarter ended 30 September 2010 (3Q 2010).
Distributable income rose 2.5% to $5.4 million, translating to a 2.1% jump in distribution per unit (DPU) to 1.94 cents. Based on its annualised DPU of 7.70 cents and the closing price of $0.95 on 20 October 2010, First REIT achieved a distribution yield of 8.1%.
Chen Wei Ching Vincent has been appointed independent director/audit committee member wef Oct 1
Work experience: Non-executive independent director/chairman, audit committee/chairman, nominating committee, Transpac Industrial Holdings Ltd
Morgan Stanley remains the largest real estate fund manager in Asia Pacific, according to a survey by a Hong Kong-based industry group, despite running into difficulties with some of its investments in Japan.
The Asian Association for Investors in Non-listed Real Estate Vehicles (ANREV) said late on Monday the US investment bank managed US$19.5 billion worth of Asian property assets as of June 30, 2010, up from US$19.1 billion ($25.3 billion) a year ago.
Overall, real estate fund managers held US$178.6 billion worth of Asian property assets.
Whether you deal in residential or commercial properties, CRM software can help you streamline all your processes and turn over customer listings at a faster rate. This article provides information on use of CRM software in real estate industry.
When the real estate industry peaked in 2006, many mortgage lenders disappeared in the aftermath.
Koh Kia Meng Linus has been appointed co-CEO wef Sep 1
Work experience: MD, Nutmeg Solutions Pte Ltd; president/COO, Singapore Mercantile Exchange; executive VP/CFO, Singapore Exchange Ltd
The estate of DJ AM has been hit with a $88,000 bill for unpaid taxes the late spinner racked up in California between 2006-2007, according to a creditor’s claim filed in Los Angeles County Superior Court on Tuesday.Officials at the State of California Franchise Tax Board have filed legal documents in Los Angeles this month [...]
The industrial revolution dramatically changed the entire scenario of mass production, an even bigger revolution is currently underway viz. The Internet Revolution. The Internet Revolution has even more dramatically changed how business is conducted all over the world. The productivity gains that modern businesses have had due to the world wide web are tremendous, the spontaneous dissemination of information is crucial to the manner in which decisions are taken today.
