SG Realty: CapitaLand’s new malls; GYP buys NZ land; Tanjong Pagar shophouses on sale

In multiple real estate developments in the city-state, CapitaLand said it was opening eight new malls in 2017 while Global Yellow Pages has purchased land in New Zealand. Meanwhile, Tanjong Pager shophouses are up for sale.

CapitaLand to open eight new malls in 2017

CapitaLand announced on Thursday that it was opening eight new shopping malls in 2017, six of which will come up in China, and one each in Malaysia and India.

These developments are Raffles City Changning and LuOne in Shanghai; Raffles City Shenzhen; Raffles City Hangzhou; Suzhou Center Mall; and CapitaMall Westgate in Wuhan.

Outside of China, there are two projects, Melawati Mall in Kuala Lumpur, Malaysia; and Forum Mall in Mysore, India.

According to the company, these malls will have a combined retail gloss floor area (GFA) of close to 1 million sq m, marking CapitaLand’s largest retail GFA offering within a single year.

Global Yellow Pages purchases New Zealand land

Global Yellow Pages announced in a stock exchange filing on 16 November 2016 that its subsidiary, Remarkable Residences, has acquired a plot of 38,400 sqm freehold land in Queenstown, New Zealand for S$5.2 million.

The indirect wholly-owned subsidiary, The Remarkables Residences Limited, which formerly operated under the trade name of GYP Properties Limited, acquired the property in a conditional agreement with seller Queenstown Central Limited.

The land parcel is funded by net proceeds raised of S$5,212,000 from the placement of 34,076,000 new ordinary shares in the capital of Global Yellow Pages that was completed on 7 October 2016.

Tanjong Pagar shophouses for sale

A pair of three-storey conservation shophouses in the Tanjong Pagar district are up for sale by expression of interest (EOI). According to The Edge Property, indicative pricing for both units is estimated at  S$28 million.

This translates to S$2,308 psf on GFA. JLL is the exclusive marketing agent. The site is zoned for commercial use and is currently occupied by the owner and office tenants.

Located about 450m from the Outram Park MRT station, the shophouses sit on a combined land area of 4,439 sq ft and has a total area of 12,128 sq ft, inclusive of the private courtyard.

Also Read:

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SG Realty: Shophouses for sale at $14.3m; Viva to buy warehouse

SG Realty: $30m F&B spaces ; $5.8m shophouse; $15m Food factory

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.