The exhibition will showcase resort properties from Boracay as well as the latest luxury residential projects from major Philippine cities like Taguig, Makati, Quezon and Bonifacio Global City.
Major developers will be participating in the event, including SMDC, Picar Development, Shang Properties, Megaworld International, Vista Land & Landscapes, Ayala Land Premier, DMCI Homes Corporate Centre, Robinsons Land Corporation and Greenfield Development Corporation.
The Philippines is free from property cooling measures and is considered one of Asia’s best kept investment secrets, making it an attractive destination. In addition, the strong Singapore dollar provides buyers and investors more purchasing power.
“The Philippines is one of the Asian economies to watch in the next two years, with real estate, especially for premium residential condominiums, in metropolitan cities within the Metro Manila area having remarkably high capital appreciation and rental yields,” said Steve Melhuish, Co-Founder and Group CEO of PropertyGuru.
Highlights of the event will include an opening address by the Philippine Ambassador to Singapore, H.E. Minda Calaguian-Cruz, and a panel of distinguished speakers who will tackle various topics such as “An update on the Manila Residential Market” by Cushman & Wakefield’s Singapore-based Managing Director for Asia-Pacific Research, Sigrid Zialcita, and “Why invest in the Philippines now?” from Michael Jugo, Head of Sales at Ayala Land.
Friday, February 22, 2013
Philippines Property Show this weekend
The exhibition will showcase resort properties from Boracay as well as the latest luxury residential projects from major Philippine cities like Taguig, Makati, Quezon and Bonifacio Global City.
Major developers will be participating in the event, including SMDC, Picar Development, Shang Properties, Megaworld International, Vista Land & Landscapes, Ayala Land Premier, DMCI Homes Corporate Centre, Robinsons Land Corporation and Greenfield Development Corporation.
The Philippines is free from property cooling measures and is considered one of Asia’s best kept investment secrets, making it an attractive destination. In addition, the strong Singapore dollar provides buyers and investors more purchasing power.
“The Philippines is one of the Asian economies to watch in the next two years, with real estate, especially for premium residential condominiums, in metropolitan cities within the Metro Manila area having remarkably high capital appreciation and rental yields,” said Steve Melhuish, Co-Founder and Group CEO of PropertyGuru.
Highlights of the event will include an opening address by the Philippine Ambassador to Singapore, H.E. Minda Calaguian-Cruz, and a panel of distinguished speakers who will tackle various topics such as “An update on the Manila Residential Market” by Cushman & Wakefield’s Singapore-based Managing Director for Asia-Pacific Research, Sigrid Zialcita, and “Why invest in the Philippines now?” from Michael Jugo, Head of Sales at Ayala Land.
Major developers will be participating in the event, including SMDC, Picar Development, Shang Properties, Megaworld International, Vista Land & Landscapes, Ayala Land Premier, DMCI Homes Corporate Centre, Robinsons Land Corporation and Greenfield Development Corporation.
The Philippines is free from property cooling measures and is considered one of Asia’s best kept investment secrets, making it an attractive destination. In addition, the strong Singapore dollar provides buyers and investors more purchasing power.
“The Philippines is one of the Asian economies to watch in the next two years, with real estate, especially for premium residential condominiums, in metropolitan cities within the Metro Manila area having remarkably high capital appreciation and rental yields,” said Steve Melhuish, Co-Founder and Group CEO of PropertyGuru.
Highlights of the event will include an opening address by the Philippine Ambassador to Singapore, H.E. Minda Calaguian-Cruz, and a panel of distinguished speakers who will tackle various topics such as “An update on the Manila Residential Market” by Cushman & Wakefield’s Singapore-based Managing Director for Asia-Pacific Research, Sigrid Zialcita, and “Why invest in the Philippines now?” from Michael Jugo, Head of Sales at Ayala Land.
Wednesday, December 26, 2012
Echelon to commence sales this week
The much-anticipated Echelon condominium project (pictured) by City Developments Limited (CDL) will commence sales later this week, reported The Business Times.
Located along Alexandra Road, the 43-storey 99-year leasehold development will reportedly sell units at an average price of “S$1,700 psf plus”, said sources. The report added that about 30 to 50 percent of the 508 units will be released on Friday.
Units available range from studios to four-bedroom units and penthouses. Designed by SCDA, the condo is sited next to Redhill MRT station and is being jointly developed with Hong Leong Group’s Intrepid Investments and Hong Realty’s Garden Estates.
The site was awarded at a tendered price of S$396 million, or S$754 psf ppr. Interestingly, the tender was closed a day before the government introduced the additional buyer’s stamp duty (ABSD) last year in a bid to cool the property market.
CDL’s bid was considered ill-timed following the ABSD announcement. The land price was also nine percent higher than the second top bid. Nevertheless, market sentiment began to improve with record home sales and strong land bids within the area, the report noted.
Meanwhile, CBRE and Huttons have been appointed marketing agents for Echelon.
Friday, December 21, 2012
Far East caps successful year
Singapore developer Far East Organization is offering a festive promotion for units in some of its most popular developments.
“This year we have brought several new lifestyle concepts to the residential market including a range of SOHO-lifestyle offerings, and integrated residential developments in Singapore’s rising trans-urban centres that offer a range of units for different lifestyles within the same community,” said Chia Boon Kuah, COO for Property Sales at Far East.
The festive promotion caps a good year as most projects were well-received. Starting today till 3 January 2013, discounts ranging from two to three percent will apply to developments including Watertown (pictured), The Hillier, Hillsta, SeaHill and eCO.
The offer also applies to exclusive penthouse apartments in developments like Silversea (East Coast) and Cyan (Bukit Timah Road), and some limited edition townhouses in private estates.
“This year we have brought several new lifestyle concepts to the residential market including a range of SOHO-lifestyle offerings, and integrated residential developments in Singapore’s rising trans-urban centres that offer a range of units for different lifestyles within the same community,” said Chia Boon Kuah, COO for Property Sales at Far East.
The festive promotion caps a good year as most projects were well-received. Starting today till 3 January 2013, discounts ranging from two to three percent will apply to developments including Watertown (pictured), The Hillier, Hillsta, SeaHill and eCO.
The offer also applies to exclusive penthouse apartments in developments like Silversea (East Coast) and Cyan (Bukit Timah Road), and some limited edition townhouses in private estates.
Saturday, October 20, 2012
Dynasty REIT: S$1b target for S’pore’s first yuan IPO
Dynasty Real Estate Investment Trust (REIT) opens its yuan-denominated initial public offering today in Singapore’s first flotation to be sold in the Chinese currency, seeking to raise up to 5.4 billion yuan or S$1 billion in what is set to be the largest new share sale here this year.
Units in the trust, backed by Hong Kong billionaire Li Ka-shing and sponsored by ARA Asset Management, will be tradeable in both yuan and Singapore dollars.
It is offering between 893.2 million and 900.8 million units to public and institutional investors at an indicative price range of 4.40 to 4.70 yuan apiece, or S$0.855 to S$0.915, it said in a statement yesterday. At least 53.9 million units will be set aside for retail investors in Singapore, it added.
The trust has also secured two cornerstone investors: Credit Suisse and Amundi, an asset management joint venture between Credit Agricole and Societe Generale. Together they will subscribe to between 246.9 million and 254.6 million units, the final number depending on the IPO price.
Including the sponsor’s investment of between 109.3 million and 117 million units, the total number of issued units is expected to be 1.15 billion units upon completion of the offering.
Dynasty REIT intends to distribute 100 per cent of its distributable income to unit holders from the date of listing to the end of next year. This translates to a yield of between 7 and 7.3 per cent for next year. The Dynasty REIT IPO will be the second denominated in yuan outside mainland China.
Mr Li, Asia’s richest man, and real estate fund manager ARA were also involved in the first – last year’s US$1.6 billion (S$1.9 billion) offering in Hong Kong of Hui Xian REIT, which has stakes in Beijing office properties.
If successful, Dynasty REIT’s IPO will surpass the S$717.6 million flotation by Far East Hospitality Trust in August to become the largest in Singapore in the year to date.
The proceeds will be used for the acquisition of the special purpose vehicle owning the properties including debt repayment, working capital and other transaction costs.
Dynasty REIT’s initial portfolio comprises Nanjing International Finance Center, Dalian Tianxing Roosevelt Center, and Shanghai International Capital Plaza – three commercial properties valued at about 7.7 billion yuan. Dynasty REIT will close its IPO on Oct 24 ahead of an Oct 30 listing on SGX.
Wednesday, October 17, 2012
Strong line-up for MIPIM Asia
MIPIM Asia, the world's property market in Asia Pacific, is set to bring together the best of the best in the Asia Pacific real estate arena next month in Hong Kong.
Organised by Reed MIDEM, a division of Reed Exhibitions, MIPIM Asia will take place on November 7-9, and showcase projects by hundreds of exhibiting companies.
The Honourable C Y Leung, Chief Executive of the Hong Kong Special Administrative Region, is the Guest of Honour and will deliver the welcome keynote speech at the official opening ceremony of the 7th edition of MIPIM Asia on November 7, at the Hong Kong Convention and Exhibition Centre.
"MIPIM Asia Sustainable Property Expo provides an interesting outlook into how Asia is forging ahead on green building and responsible development. The wide range of exhibitors represents key activities on the local and regional market, from investors, developers and property managers to architects, planners and public authorities, and new this year, to retail real estate actors and retailers," explained Filippo Rean, Director of MIPIM & MIPIM Asia.
MIPIM Asia will feature pavilions for key territories in Asia Pacific. The Hong Kong government will showcase their latest urban regeneration initiatives led by the Development Bureau. Taiwan and the Philippines will both present their investment opportunities in tourism respectively with the Architectural Aesthetics Cultural Economy Association and the Tourism Infrastructure & Enterprise Zone Authority.
Malaysia will be present with Malaysia Property Inc., a Government initiative which acts as a bridge between institutional, corporate and private investors, along with three other exhibiting companies: Sime Darby Property Berhad, UEM Land Berhad and EMKAY Group. South Korea will actively participate with the Ministry of Culture, Sports and Tourism and the Investment Policy Bureau of Jeollanam-Do Provincial Government. Japan will feature the investment activities of Mitsubishi Corporation among the various companies being presented.
China confirms its inescapable place in the Asian market, with a growing number of exhibitors from all business fields. A number of key shopping centre developers such as Treasury China Trust, Taubman, Chongbang Group, CapitaMalls Asia and Inter-IKEA will be promoting their latest shopping centre projects. The city of Chongqing will be strongly engaged at MIPIM Asia with the China Council for the Promotion of International Trade, and Tianjin Innovative Finance Investment Co. Ltd, which will promote the Yujiapu project in the city's financial district.
Organised by Reed MIDEM, a division of Reed Exhibitions, MIPIM Asia will take place on November 7-9, and showcase projects by hundreds of exhibiting companies.
The Honourable C Y Leung, Chief Executive of the Hong Kong Special Administrative Region, is the Guest of Honour and will deliver the welcome keynote speech at the official opening ceremony of the 7th edition of MIPIM Asia on November 7, at the Hong Kong Convention and Exhibition Centre.
"MIPIM Asia Sustainable Property Expo provides an interesting outlook into how Asia is forging ahead on green building and responsible development. The wide range of exhibitors represents key activities on the local and regional market, from investors, developers and property managers to architects, planners and public authorities, and new this year, to retail real estate actors and retailers," explained Filippo Rean, Director of MIPIM & MIPIM Asia.
MIPIM Asia will feature pavilions for key territories in Asia Pacific. The Hong Kong government will showcase their latest urban regeneration initiatives led by the Development Bureau. Taiwan and the Philippines will both present their investment opportunities in tourism respectively with the Architectural Aesthetics Cultural Economy Association and the Tourism Infrastructure & Enterprise Zone Authority.
Malaysia will be present with Malaysia Property Inc., a Government initiative which acts as a bridge between institutional, corporate and private investors, along with three other exhibiting companies: Sime Darby Property Berhad, UEM Land Berhad and EMKAY Group. South Korea will actively participate with the Ministry of Culture, Sports and Tourism and the Investment Policy Bureau of Jeollanam-Do Provincial Government. Japan will feature the investment activities of Mitsubishi Corporation among the various companies being presented.
China confirms its inescapable place in the Asian market, with a growing number of exhibitors from all business fields. A number of key shopping centre developers such as Treasury China Trust, Taubman, Chongbang Group, CapitaMalls Asia and Inter-IKEA will be promoting their latest shopping centre projects. The city of Chongqing will be strongly engaged at MIPIM Asia with the China Council for the Promotion of International Trade, and Tianjin Innovative Finance Investment Co. Ltd, which will promote the Yujiapu project in the city's financial district.
The field of architecture is well represented at MIPIM Asia this year, with the showcase of major development projects, such as Northstar Xin He Delta Mixed-Use in Changsha, China, designed by the Jerde Partnership, which has been selected as a MIPIM Asia Awards finalist for the "Best Chinese Futura Mega Project" category. Benoy will present on its stand three shortlisted award projects: the newly opened Hysan Place in Causeway Bay, Hong Kong, the retail and leisure Central Plaza Rama 9 in Bangkok, Thailand, and Parc 66 in Jinan, China.
Other showcased projects include the recently completed mixed-use Indigo development in Beijing and the company's first Korean development opening with Seoul IFC Mall. This year, Benoy will take the opportunity at the MIPIM Asia opening cocktail to celebrate with the industry its 10th year of presence in Hong Kong and Asia, its 65th year of existence and its 20th year with Graham Cartledge CBE as Chairman.
As to Kohn Pederson Fox Associates, their showcase will feature four developments: the Hong Kong International Commerce Centre in Kowloon, the Shanghai Wheelock Square shopping centre in Puxi, the Xintiandi Hotels in the Taipingqiao District of Shanghai, as well as the International Airport Midfield Complex in Abu Dhabi. New regional players will also appear on the MIPIM Asia exhibition floor, with the Shanghai office of international consultancy Sparks Architects and WSP Architects from Beijing.
As part of the new three-in-one MIPIM Asia which this year combines the Sustainable Property Expo with an Investment Summit and a Retail Summit, a new exhibition zone called "Retail Village" will present retail expansion strategies throughout the Asian market, with trend-setters like Desigual, Devanlay and Subway. The 200 retailers expected at MIPIM Asia next November will be able to connect with shopping centre developers also present in this zone, such as Capital Mall Singapore or Taubman US.
Other showcased projects include the recently completed mixed-use Indigo development in Beijing and the company's first Korean development opening with Seoul IFC Mall. This year, Benoy will take the opportunity at the MIPIM Asia opening cocktail to celebrate with the industry its 10th year of presence in Hong Kong and Asia, its 65th year of existence and its 20th year with Graham Cartledge CBE as Chairman.
As to Kohn Pederson Fox Associates, their showcase will feature four developments: the Hong Kong International Commerce Centre in Kowloon, the Shanghai Wheelock Square shopping centre in Puxi, the Xintiandi Hotels in the Taipingqiao District of Shanghai, as well as the International Airport Midfield Complex in Abu Dhabi. New regional players will also appear on the MIPIM Asia exhibition floor, with the Shanghai office of international consultancy Sparks Architects and WSP Architects from Beijing.
As part of the new three-in-one MIPIM Asia which this year combines the Sustainable Property Expo with an Investment Summit and a Retail Summit, a new exhibition zone called "Retail Village" will present retail expansion strategies throughout the Asian market, with trend-setters like Desigual, Devanlay and Subway. The 200 retailers expected at MIPIM Asia next November will be able to connect with shopping centre developers also present in this zone, such as Capital Mall Singapore or Taubman US.
Thursday, October 11, 2012
Katong site up for collective sale
Katong Park Towers (pictured), a 30-year-old 118-unit condominium in the Mountbatten area is up for collective sale at around S$330 million to S$340 million, according to sole marketing agent DTZ.
This works out to between S$1,145 and S$1,178 psf ppr, including 10 percent of balcony space. The site could be developed into a 24-storey condo with a maximum gross floor area (GFA) of approximately 27,462 sq m, reported The Straits Times.
Moreover, the developer can build up to 392 units, assuming that an average apartment is around 753 sq ft in size.
Shaun Poh, Senior Director for Investment Advisory Services and Auction at DTZ said there has not been a “sizeable plot of residential land in the Meyer/Arthur Road area for a while”.
As such, the property offers “a rare opportunity for developers who are seeking prime residential redevelopment sites in the established District 15 location”.
“The regular configuration of the site also allows the developer to maximise building efficiency and provides design flexibility for an iconic residential development,” said Poh, adding that the new development will appeal to both locals and foreigners.
Katong Park Towers is also within close proximity to notable schools, Parkway Parade, 112 Katong, East Coast Park and the upcoming Sports Hub in Kallang.
The collective sale will close on 6 November.
This works out to between S$1,145 and S$1,178 psf ppr, including 10 percent of balcony space. The site could be developed into a 24-storey condo with a maximum gross floor area (GFA) of approximately 27,462 sq m, reported The Straits Times.
Moreover, the developer can build up to 392 units, assuming that an average apartment is around 753 sq ft in size.
Shaun Poh, Senior Director for Investment Advisory Services and Auction at DTZ said there has not been a “sizeable plot of residential land in the Meyer/Arthur Road area for a while”.
As such, the property offers “a rare opportunity for developers who are seeking prime residential redevelopment sites in the established District 15 location”.
“The regular configuration of the site also allows the developer to maximise building efficiency and provides design flexibility for an iconic residential development,” said Poh, adding that the new development will appeal to both locals and foreigners.
Katong Park Towers is also within close proximity to notable schools, Parkway Parade, 112 Katong, East Coast Park and the upcoming Sports Hub in Kallang.
The collective sale will close on 6 November.
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