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YTL's foray into Singapore proves successful
rhoyba@ytlcommunity.com - 2 December 2007 6:17:42 PM

“This appears reasonable given the property’s prime business location in the city. Assuming land costs were to account for 50% of sales value, we estimate that YTL would need to achieve a top-tier selling price of S$5,000 psf for the redeveloped condominiums. This is realistic based on the recent transactions achieved by The Marq on Paterson Hill and the upcoming Ritz Carlton Residences on the former Horizon View site in Cairnhill Road.” [more...]



YTL buying Singapore apartments en bloc
rhoyba@ytlcommunity.com - 28 November 2007 11:31:35 AM

Group managing director Tan Sri Francis Yeoh Sock Ping said the property acquisition was YTL Corp's third in the city-state in two years. The company is currently involved in the high-end Lakefront and Sandy Island residential development projects in Sentosa Cove, which will comprise exclusive, bespoke homes. [more...]



Westwood Apartments sold for $2,525 psf ppr
rhoyba@ytlcommunity.com - 28 November 2007 12:20:37 PM

Savills is also marketing another four to five collective sale sites, and Mr Ming says that 'there is interest from both foreign and local buyers'. Westwood Apartments did, however, sell for slightly under the indicative price of $2,800 psf ppr when it was put up for tender about two months ago. [more...]



YTL wins bid to buy Singapore condos for RM1b
rhoyba@ytlcommunity.com - 28 November 2007 11:42:11 AM

Group managing director Tan Sri Dr Francis Yeoh Sock Ping said the deal allows the group to diversify its landbank in Singapore and earn more from high sale and rental rates. The group will use its existing local market knowledge, expertise and resources from its high-end Lakefront and Sandy Island residential development projects in Sentosa Cove, Singapore. [more...]



YTL Corp Wins Bid for Prime Property in Singapore
melisa@ytlesolutions.com - 27 November 2007 3:35:25 PM

YTL Group Managing Director Tan Sri Dato' (Dr) Francis Yeoh Sock Ping, said, "The opportunity to develop prime, iconic properties that speak to the YTL brand is a very exciting one. This acquisition, our third land acquisition in Singapore in the last 2 years, is well in line with our wider strategy, focusing on upscale real estate in well-established markets, which enables us to employ our branding to enhance the value of these properties". "Recent sales of well-designed branded properties amongst high net-worth individuals reflect the positive sentiments of the property market in Singapore. For example, the Ritz-Carlton Residences were recently sold for as high as S$5,000 psf, a reflection that Singapore is primed for growth in the indulgent property sector," said Michael Ng, Managing Director of Savills Singapore. [more...]


 
 
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