Tag Archives: Ying Li International Real Estate

Ying Li eyes forming a Reit by 2013

Posted on 15 Oct 2009 | Comments Off on Ying Li eyes forming a Reit by 2013

Odds are high once its rental income is steady and asset size exceeds $1b

YING Li International Real Estate may spin its assets into a real estate investment trust (Reit) by 2013 once its rental income is steady and asset size exceeds $1 billion.

Mr Fang: He says the group may tie up with other established players, such as Macquarie Pacific Star, to tap their expertise

This could materialise when its current project International Financial Centre (IFC) is completed and revalued on a mark-to-market basis.

‘We wish to go into an asset-light model. We are talking to established international players to eventually securitise our assets – to inject our properties into a Reit,’ Ying Li chief executive Fang Ming told BT yesterday in an interview. Continue reading →

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Ying Li secures Chongqing site for $177.4m

Posted on 27 Sep 2009 | Comments Off on Ying Li secures Chongqing site for $177.4m

It will be developed into an integrated development project with high-end residential units and top-end retailers

YING Li International Real Estate has secured a prime integrated development site in Yuzhong District, Chongqing, China for 851.6 million yuan (S$177.4 million) in a government land auction.

The 28,226 square metre site will be developed into an integrated development project which will include high-end residential units and also house top-end retailers. It will involve potential collaboration with a high-end hotel or service residence operator, the Chongqing property developer said yesterday.

The project is strategically located at the prime city centre of Chongqing, within Yuzhong District, with a planned total gross floor area of over 300,000 sq m and a plot ratio of about 10.64.

Ying Li’s chief executive Fang Ming said that this acquisition will enhance the group’s presence in Chongqing and extend its footprint in Yuzhong District. Continue reading →

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