Category Archives: Developers

SC Global Danny Watts Singapore preview

Posted on 14 Sep 2009 | Comments Off on SC Global Danny Watts Singapore preview

SC Global signs British Motorsports Champion Danny Watts to compete in the Porsche SC Global Carrera Cup Asia at the 2009 Formula 1 SingTel Singapore Grand Prix

Singapore’s leading luxury property developer, SC Global Developments Limited, has enlisted British Racing Champion Danny Watts to field their quest for the coveted spot on the Marina Bay podium at the upcoming Porsche SC Global Carrera Cup Asia 2009.

Last year, the Porsche SC Global Carrera Cup Asia helped make motorsport history as Singapore hosted its first Formula One Grand Prix, the first ever night Grand Prix, on the stunning Marina Bay Street Circuit. Voted one of the best events in the international sporting calendar, the Porsche SC Global Carrera Cup Asia — Singapore 2008 was a triumphant addition to the extraordinary Formula 1 race weekend.

SC Global Developments is delighted to once again partner Porsche Asia Pacific for this year’s unique event which takes place on September 27th just minutes before the 2009 Formula 1 SingTel Singapore Grand Prix. This partnership comes as a result of shared core values with both Porsche including exceptional design, ultimate performance, excellence and success. In addition, SC Global is the series’ Official Real Estate Partner for the entire 2009 season. Continue reading →

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Mapletree plans Singapore Reit

Posted on 13 Sep 2009 | Comments Off on Mapletree plans Singapore Reit

MAPLETREE Investments, the property unit of Singapore’s Temasek Holdings, is poised to list a real estate investment trust (Reit) in Singapore that could hold up to S$4 billion in assets, a top executive said.

CEO Hiew Yoon Khong said yesterday the listing of the Reit would take place when stock-market conditions improved.

‘The management team is ready, and the filing process is really a two-month job,’ Mr Hiew told Reuters in an interview. ‘We were actually preparing for the IPO 16 to 18 months ago but the market turned.’

He said Mapletree planned to launch a Vietnam property fund and an Asian industrial property fund in the next 12 months and hopes to raise between US$500 million and US$1 billion for each.

Mr Hiew, who is also senior managing director (special projects) at Temasek, said Mapletree’s strategy going forward is to become ‘a real estate capital management type of business’, managing listed and unlisted funds for outside investors. He said over the next three to five years, Mapletree hoped to grow its property assets to at least S$20 billion.

Mapletree currently owns or manages nearly S$12 billion in real estate assets in several Asian countries, including China, Vietnam and Malaysia. Continue reading →

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Posted in Developers, Funds

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