Monthly Archives: April 2011

URA receives 10 bids for Paya Lebar Rd/Eunos Rd site

Posted on 21 Apr 2011 | Comments Off on URA receives 10 bids for Paya Lebar Rd/Eunos Rd site

The Urban Redevelopment Authority (URA) has closed the tender for a commercial site at Paya Lebar Road and Eunos Road 8 after receiving 10 bids.

The highest bid of S$585.6 million came from joint bidders Siong Feng Development, Guthrie, and Sun Venture Commercial.

The land parcel has a site area of 14,851.6 square metres and a maximum permissible gross floor area of 62,377 square metres.

The site was launched for public tender on January 27 and has a lease period of 99 years.

URA said it will evaluate the tender bids and announce the final tender results at a later date.

Source : CNA – 21 Apr 2011

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Posted in Property Market / Real Estate

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CapitaMall Trust Q1 DPU at 2.29 cents

Posted on 20 Apr 2011 | Comments Off on CapitaMall Trust Q1 DPU at 2.29 cents

CapitaMall Trust Management said its distribution per unit (DPU) for the first quarter stood at 2.29 Singapore cents.

That is up three per cent from the 2.23 Singapore cents reported in the same period a year ago.

The trust said that this is largely due to contributions from Clarke Quay, which was acquired in July 2010, as well as robust rental renewals.

Net property income for the quarter ended March 31 was up by 8.2 per cent on-year to about S$105.7 million.

CEO of CapitaMall Trust Management, Simon Ho, said that going forward, the firm will continue to explore opportunities for selective acquisitions and greenfield developments.

The trust is a unit of property developer CapitaLand.

Source : CNA – 20 Apr 2011

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Posted in Funds

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