Lushhomemedia

Isetan tipped to open at nex mall in Serangoon

luxuryasiahome — Wed, 15 Jul 2009 01:43:23 +0000

Cold Storage will operate gourmet supermarket at $1.3 billion mall JAPANESE retailer Isetan is expected to open a department store of about 54,000 square feet at nex mall in Serangoon, which is scheduled for completion late next year. Supermarket chain Cold Storage, part of the Dairy Farm group, will also run a 12,000 sq ft gourmet supermarket [...]

$120m target for first en bloc site this year

luxuryasiahome — Wed, 15 Jul 2009 01:41:58 +0000

PROPERTY market observers are probably rubbing their eyes in disbelief but it is true: an en bloc sale is under way at asking prices akin to boom times. It is the first tender in about nine months and reflects improved buyer sentiment although the sale launched yesterday will certainly test that sentiment, given the price levels [...]

Landlord-tenant divide

luxuryasiahome — Wed, 15 Jul 2009 01:40:23 +0000

IN THE natural order of things in the retail world, a landlord protects his tenants, and this traditionally has meant not cannibalising their business. That one big mall owner would have information on its tenants’ takings – via a central cash register system – and set up competing businesses through a subsidiary, makes news, and more [...]

Mall owner offers shares-for-rent plan

luxuryasiahome — Wed, 15 Jul 2009 01:36:25 +0000

A LEADING landlord has come up with a novel way to help eligible tenants defer rent for up to three years. New tenants of Far East Organization may be able to sell shares of their companies, worth their base rental amounts, to their landlord each month. They will have to buy back the shares not more than [...]

This year’s first en bloc sale hits the market

luxuryasiahome — Wed, 15 Jul 2009 01:28:55 +0000

Owners of 72-unit freehold property on Spottiswoode Park Road are hoping for $120m Dragon Mansion on Spottiswoode Park Road has been put up for collective sale – the first development to be launched for en bloc sale this year. The owners are hoping for $120 million – or $1,020 per square foot per plot ratio (psf ppr) [...]

Holland 100 @ Holland Road

luxuryasiahome — Wed, 15 Jul 2009 01:25:54 +0000

Location: 94 – 102 Holland Road (District 10) Tenure: Freehold Expected Completion: Dec 2011 Site Area: 23,041 sqft Total Units: 21 (1 block, 5 storeys) Unit Types: 1 bedroom ~ 969 sqft (02 units) 1+study ~ 850 to 1023 sqft (04 units) 3 bedroom ~ 1539 to 2594 sqft (10 units) 2 + study penthse ~ 2476 sqft (01 unit) 3 bedroom penthse ~ 3423 [...]

Far East scheme helps new entrepreneurs

luxuryasiahome — Wed, 15 Jul 2009 01:23:45 +0000

Tenants pay for space in its malls with preference shares, not rent FAR East Organization has launched a scheme that allows budding entrepreneurs to pay for space in its malls with preference shares instead of regular rents. Under the Rental Space for Equity Programme – a first for Singapore retail market – selected tenants will sign a [...]

ChildAid to hit the high notes at Resorts World

luxuryasiahome — Wed, 15 Jul 2009 01:21:05 +0000

Sentosa IR says it’s pulling out all the stops for the event ChildAid, the charity concert that has brought smiles to many young faces over the years, promises to be doubly memorable this time round. The event, to be held from Dec 19 to 21, will be the very first event to be staged at Resorts World [...]

Japanese developer brought on board Eco-City project

luxuryasiahome — Wed, 15 Jul 2009 01:19:07 +0000

SINO-Singapore Tianjin Eco-City Investment and Development (SSTEC) inked a memorandum of understanding with Mitsui Fudosan, Japan’s largest developer, to build a 40-ha eco-neighbourhood in the Tianjin Eco-City. This brings the landmark bilateral project between China and Singapore to new heights, as the collaboration is expected to supplement two earlier efforts to create a total of more [...]

Is Evergro deal the best for all parties?

luxuryasiahome — Wed, 15 Jul 2009 01:14:39 +0000

KEPPEL Land’s proposed delisting of Evergro Properties, its China unit, is great news for Evergro’s shareholders. On Sunday, they were offered 29 cents a share, a 16 per cent premium over Evergro’s traded price of 25 cents last Friday. Or, they could have taken one Keppel Land share (worth $2.09 yesterday) for every seven Evergro [...]