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A tale of two developments for MCC Land

IF YOU want to have a general feel of how Singapore's residential property market has been developing in recent years, just look at Santorini and The Alps. No, not their European namesakes, but two separate projects, both developed and launched by Chinese developer MCC Land, that are located within a stone's throw of each other. The Santorini, a Mediterranean-inspired condominium that was launched in March 2014, is located along Tampines Avenue... ...more

GuocoLand taking its capabilities up a notch

TOWERING over Singapore's central business district, the 290-metre tall Tanjong Pagar Centre - Singapore's tallest building - has clearly become a landmark development redefining Singapore's skyline. The complexity of the project, which sits on top of an MRT station, and the speed at which its commercial spaces are filled amid market softness also epitomise GuocoLand's executional capabilities. Indeed, GuocoLand has come a long way from a pure... ...more

Staying ahead

THERE are contractors, and there are developers - few companies are both. Greatearth, though, has always pushed the envelope. An engineering and construction group with a storied history, it successfully transformed itself into a developer as well, with significant projects that have left its mark on Singapore's cityscape. Though the group is constantly reinventing itself, its forward-thinking style was evident early on. Greatearth became one of... ...more

Property-bound Singapore capital now prefers home turf

Singapore THE capital flight to greener pastures abroad from Singapore has slowed to a trickle, amid a turnaround in the property market at home. Data compiled by Real Capital Analytics and Knight Frank Research shows that the number of outbound investment deals dwindled to 34 in the first half of 2017. The figure was 144 for last year, and 503 in 2015. The transaction value of deals done in the first half of the year... ...more

Why business models matter

STEEL, a processed, durable form of iron, has been used through the ages to make a variety of things: weapons, armour and farm equipment; and now the railways, cars, ships and buildings of modern life. Around the world, millions of tonnes of steel is produced a month, with about half of production going into the construction industry. The structural steel industry in Singapore, which uses steel made elsewhere for infrastructure projects here and... ...more

GuocoLand sets July launch date for Robertson Quay condo

Singapore GUOCOLAND announced on Thursday that its latest development in the Robertson Quay area in District 9, Martin Modern, will be launched on July 22. Although the developer did not confirm prices, PropNex CEO Ismail Gafoor, who worked with GuocoLand on this project, said the estimated average price is S$2,300 per sq ft. While GuocoLand Singapore's group managing director Cheng Hsing Yao said that not all 450 units will be immediately... ...more

Singtel gets URA nod for hotel project on Hill Street site

Singapore SINGTEL has received provisional permission to redevelop its Hill Street property into a hotel, setting the stage for the sale of the asset. The property comprises three buildings - a black tower block that houses Singtel's Central Exchange and two lower-rise buildings that are used as offices. It is made up of two adjacent rectangular land parcels - a 25,021 square foot site with 999-year leasehold tenure and a 14,717 sq ft plot with... ...more

CapitaLand revving up expansion plans

Shanghai CAPITALAND Limited is set for more active land-banking and acquisitions as part of its expansion plans following the opening of four integrated projects in China in April, including three Raffles City projects. The group's third Raffles City private equity fund that closed last October at US$1.5 billion still has some US$1 billion of dry powder waiting to be deployed after investing into Raffles City Shenzhen. Another US$2 billion worth... ...more