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YTL builds one of world’s largest indoor entertainment arena

YTL builds one of world’s largest indoor entertainment arena

YTL Developments UK will build one of the world’s largest indoor entertainment arena in Bristol, United Kingdom (UK), targeted to be ready by 2023. The arena would generate £1.5 billion into the local economy over a 25-year period, said the company’s director Datuk Yeoh Seok Hong. Hong said that the planning application has been submitted...

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Funan achieves 95% retail leasing ahead of opening

Funan achieves 95% retail leasing ahead of opening

Ahead of its opening on June 28, Funan has achieved 95% committed occupancy for its retail component, bringing its total number of brands to more than 190. More than 60% of its brands originate from Singapore. Newly signed tenants include Taobao’s new concept shop in Singapore which provides shoppers with an integrated online and offline...

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Unit at 8 Napier incurs $969,000 loss

Unit at 8 Napier incurs $969,000 loss

The greatest loss incurred over the week in review was from the resale of a 2,013 sq ft, three-bedroom unit at 8 Napier in District 10. Having sold the property for $6.29 million ($3,124 psf) on June 10, the seller sustained a 13% loss of $969,000. The unit was purchased in December 2007 for $7.26...

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New home sales up 29.5% m-o-m in May: URA

New home sales up 29.5% m-o-m in May: URA

In the developers’ sales survey released by the URA, new private home sales have increased 29.5% m-o-m to 952 units in May from 735 units in April. However, on a y-o-y basis, sales dipped 15.2%. A total of 1,394 units were launched in May, and no executive condominiums (ECs) were sold. The strong rebound in...

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Crown Group launches six residential developments in Australia

Crown Group launches six residential developments in Australia

Australian developer Crown Group is creating six new residential apartment developments in Melbourne, Sydney, and Brisbane. These three cities hold six of the world’s top-ranking universities, according to Times Higher Education’s Top 100 Universities in the World Report 2018. Thus, International students and their families make up a significant proportion of Crown Group’s buyers in...

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Property Portfolio: London Retail Remains a Strong Investment

Property Portfolio: London Retail Remains a Strong Investment

Local knowledge is essential ahead of making an investment in U.K. retail real-estate says Jonathan Bayfield, senior research analyst for global real estate at Aviva Investors. Speaking to Daybreak Europe’s Sandra Kilhof on Property Portfolio, Bayfield explains that London’s young, affluent population is driving a resilient market. But he also emphasises that due to the...

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Luxury property prices rose 2.7pc up to Q3

THE price for luxury properties increased 2.7 per cent on average across 43 cities in the year to September 2018, according to the latest Prime Global Residential Cities Index Q3 2018 launched by Knight Frank. The price increase represents the index’s weakest performance in annual terms for almost six years. Knight Frank Asia-Pacific head of...

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