YTL Corp Bhd announced that its subsidiary YTL Land Sdn Bhd has disposed of all its holdings in YTL Majestic Hotel Sdn Bhd to YTL Hotels & Properties Sdn Bhd (YTLHP) as part of an internal reorganisation of the group's structure.
The company said the plots, with a total cost of RM26.77 million, will make up a 2.75-acre land needed to develop EkoQuay, which will commence construction in 2018.
Besides urban regeneration of mixed-use integrated developments, Australian property giant Lendlease has also ventured into senior living, or retirement villages. It is now the largest operator of retirement villages in Australia, with 71.
Australian property giant Lendlease’s maiden residential project in Singapore, the 429-unit Park Place Residences at Paya Lebar Quarter (PLQ), saw 215 units (50%) sold on the first day of sales on March 25. Units sold ranged from S$800,000 for a one-bedroom unit to S$2.1 million for a three-bedroom premium unit, or from S$1,600 to more than S$2,000 psf.
One of the problems being a foreign property investor is security and safety concerns for the property that they have invested in, noted Singapore Association of Property and Facility Managers president Dr Lim Lan Yuan. This is especially so if the investor is not based in the country.
Strata property owners should participate in the annual general meetings (AGM) held by their management councils in order to ensure their properties are managed well, said Chur Associates managing partner Chris Tan.
Gamuda Land, the property development arm of Gamuda Bhd, is looking to launch the phase 1 of twentyfive.7 township located next to Kota Kemuning in 3Q2017.
Yong Tai, through its subsidiary YTB Development Sdn Bhd, and KOF entered into a joint-venture agreement for the development on Lots 169 and 170 today.
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