Keppel Land to build 140 Viet waterfront villas
Keppel Land will build 140 waterfront villa homes in Ho Chi Minh City, its eighth residential development in Vietnam this year. In a statement, Keppel Land said that it had formed a joint venture, through wholly owned subsidiary VN Investment Pte Ltd, with Vietnamese property developer Hung Phu Real Estate Investment Corporation (Hung Phu), to develop a 9.7-hectare site into waterfront landed housing in District 9 of Ho Chi Minh City.
The total investment capital for the project is estimated at US$55.2 million. Upon receiving the investment certificate and obtaining the relevant government approvals, VN Investment will take up a 60 per cent stake in the joint venture company and Hung Phu, the remainder. Read more
Lippo sees top Jakarta property value triple by 2014
Indonesia’s Lippo Group, which runs hospitals and property firms, said it would spend up to US$10 billion on domestic real estate projects by 2014, and expects prime Jakarta property to double or triple in value by then.
The group, which has listed units in Jakarta, Singapore and Hong Kong, expects to benefit from strong economic growth and rising incomes in Indonesia and other parts of Asia, chief executive James Riady told Reuters in an interview. Read more
Malaysian tycoon enters S’pore luxury homes market
MALAYSIAN tycoon Francis Yeoh, who helms YTL Group, one of Malaysia’s largest listed companies, is intent on an aggressive expansion in Asia - starting in Singapore. The Republic is the target of the first part of his grand plan Read more
India’s retail rents rank 16th most expensive
India has been ranked the 16th most expensive global retail ‘high street destination’ by a prominent real estate consultant. According to the report Main Streets Across the World 2007 by Cushman & Wakefield, Khan Market Read more
4 Office floors at The Arcade put up for sale
Almost 18 per cent of The Arcade at Raffles Place comprising four floors have been put up for sale through an expression of interest exercise, and the indicative price range is between $80 million and $90 million. Read more
Jan 2008 Edition
