Tag Archives: The Hamilton Scotts

Luxury apartment sector feels the rush

Posted on 15 Oct 2009 | Comments Off on Luxury apartment sector feels the rush

More deals clinched as sentiment improves, foreign buyers sniff around

Luxury apartment deals picked up in the second and third quarters of this year as a more cheerful mood spread to the upper realms of the private residential market.

The number of apartments priced above $4 million changing hands rose rapidly from just 15 deals in the first quarter of this year to 87 in Q2 and 210 in Q3.

The total of 312 apartments in this price range sold in the first nine months of this year are 11 per cent more than the 280 transacted for the whole of 2008, which was generally a quiet year for the Singapore residential market following the global financial crisis, notes CB Richard Ellis (CBRE). It analysed caveats information from URA’s Realis system up to Oct 12.

During 2007 – the peak year for the luxury housing market – a total 1,740 apartments were sold at over $4 million each. Continue reading →

Comments Off on Luxury apartment sector feels the rush

Posted in Luxury Property, Property Market / Real Estate, Property Price, Sentosa Property

Tagged , , , , , , , , , , , , , , , ,

KOP sails from property to yachts

Posted on 29 Sep 2009 | Comments Off on KOP sails from property to yachts

LUXURY property firm KOP Group is expanding its presence from land to sea, having snagged exclusive distribution rights for the Princess brand of yachts in Singapore and most parts of China.

Cruising along: Princess Yachts Asia and Aqua Voyage can provide yacht owners with comprehensive services, says Ms Ong

Princess Yachts Asia – a 40:60 tie-up between KOP and Reignwood Group – will start off with four Princess yachts for sale or lease. The joint venture plans to grow its fleet to around 20 yachts, and will invest up to $48 million in the next 12 months.

China-based Reignwood has various businesses across the property, recreation and beverage sectors. Princess Yachts Asia’s distribution rights will not extend to Hong Kong and Zhejiang province.

KOP is largely known for its prime residential projects – The Ritz-Carlton Residences and The Hamilton Scotts. It also owns Franklyn Hotels and Resorts, a hotel management company. The new nautical business fits well with the group’s existing portfolio given its ’strength in building the ultimate lifestyle experience,’ says CEO Ong Chih Ching.

The price of a V class Princess sports yacht can start from $850,000. In June last year, luxury goods giant LVMH acquired the boat maker Princess Yachts International for around £200 million (S$450.3 million). Continue reading →

Comments Off on KOP sails from property to yachts

Posted in Developers

Tagged , , , ,