Daily Archives: 21 Oct 2009

RWS unveils 20 attractions

Posted on 21 Oct 2009 | Comments Off on RWS unveils 20 attractions
The integrated resort gave a sneak peek into the seven themed zones on its sprawling 20-hectors theme park at a media briefing on Tuesday. Complementing the attractions are 12 retail outlets and 13 food and beverage options which will be ready at the same time. — ST PHOTO: TERENCE TAN

THE world’s highest duelling roller coasters, a peek at what a working Hollywood sound stage is like and a chance to take a trip into Jurassic Park – these are among the 20 attractions which will open at Resorts World at Sentosa’s Universal Studios theme park in early 2010.

The integrated resort gave a sneak peek into the seven themed zones on its sprawling 20-hectares theme park at a media briefing on Tuesday. Complementing the attractions are 12 retail outlets and 13 food and beverage options which will be ready at the same time. Continue reading →

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Reits likely to see more drops in asset values

Posted on 21 Oct 2009 | Comments Off on Reits likely to see more drops in asset values

Prices of retail and industrial Reits have yet to reflect risks, says Nomura

REAL estate investment trusts (Reits) are likely to experience more drops in asset values and negative rental reversions, a

Furthermore, the research house believes that prices of retail and industrial Reits have yet to reflect these risks.

‘With asset values likely to see further downward adjustments, the fact that retail and industrial Reits are now trading near to or at premiums to book value appears somewhat inconsistent with property market trends,’ wrote analysts Tony Darwell and Sai Min Chow in an Oct 16 report.

Investor interest has returned to Reits in the last few months as the sector largely managed to refinance its loans. The FTSE Real Estate Investment Trust Index has risen by more than 50 per cent since the start of the year.

But Nomura believes that downside risks remain. It estimates that capitalisation rates – a rough measure of properties’ rates of return – have softened by around 25-75 basis points and could drop by another 25-50 basis points. Continue reading →

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Posted in Funds

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