Tuan Sing Group said on Thursday that it has completed the acquisition of the 70 per cent stake in Maylands Investment Pte Ltd.
Maylands is the developer for the residential project known as ‘Mont Timah’. Temporary Occupation Permit (T.O.P) is expected to be obtained in end 2011.
Mont Timah is a 99-year leasehold boutique development with 32 exclusive strata cluster homes located within a 84,421 sq ft compound near the Bukit Timah Nature Reserve.
Source : Business Times – 8 Oct 2009
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Posted in Developers
Tagged Maylands Investment, Mont Timah, Tuan Sing
Property developer CapitaLand said on Thursday that it will hold an extraordinary general meeting or EOGM on its plan to list its shopping mall business.
It is seeking approval for the proposed public offering of shares in CapitaMalls Asia.
On Monday, CapitaLand announced that it is re-organising its retail unit by having CapitaMalls Asia hold its shopping mall business, including the retail real estate fund and REIT management business.
CapitaMalls Asia will have a portfolio of 86 retail properties valued at S$20.3 billion spread across five countries in Asia.
The EOGM will be held on October 30.
Source : Channel NewsAsia – 8 Oct 2009
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Posted in Developers
Tagged Capitaland, CapitaMalls Asia
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