Property Valuation – Should Not be considered as Survey
Despite the take-up rates slipping into negative territory, JTC launched 14 industrial sites totaling over 9.8 ha in the first OLAS for 2002. Market sentiments are still weak at this moment due to the unclear economic prospects in the US and the fallout from the WorldCom debacle.
The amount of factory space to be completed in 2002 is estimated to be 1,160,000 sqm, according to URA. Given the weak economic situation, demand is not likely to match this supply. JTC Corp’s 1st quarter’s performance across all sectors of its industrial facilities has been poorer than the previous quarter. JTC extended the 10% rental rebates, which was given July last year, for six more months. The first OLAS for 2002 will feature the launch of 14 Industrial sites totaling over 9.8 ha. Construction of the 1.3 million sq ft facility called Technopolis in the new economy hub One North, will take place in September this year and is expected to be completed by 2004. JTC plans to develop its new state of the art Technopolis facilities at Ayer Rajah Avenue into a “Technology Icon” in Singapore as well as in the world. JTC take-up rates slipped into negative in 1Q2002 due to a decline in gross allocation from 22.1 ha to 12.1 ha. The Government added 3 sites — Serangoon Central, Woodlands Dr 16/ 53, Bukit Ho Swee Cres/Link — to the reserve list for the second half of this year. Low residential sales in Australia caused CapitaLand’s turnover to fall 6.8% despite a jump in profit of 47% in Q1. Thales International Asia will receive a tax break at 13% that last 5-10 years for setting up its headquarters here. SingTel expects to reap S$200 million in annual revenue by 2005 from data hosting and plans to inject A$15 million in the next two years in Australia to boost the Optus data centre in Ultimo. "I think he is taking what votes he gets from both sides," Brasell said. Remember to take a copy of the home advance valuation of the property; nonetheless it’s doubtful to highlight any issues you may generally find in a study. The private residential market was in a state of inactivity for the most part of 4Q2001 after the September 11 attacks in the US. Both buyers and sellers were uncertain of the domestic and global economies and adopted a very cautious stance and were waiting to see how the events will unfold. However, in November 2001, the 100 % sell out of the Nuovo (Executive Condominium), opposite the Yio Chu Kang MRT Station by City Developments Limited injected life back into the lack lustre residential market. Riding on the positive response to the launch, towards the end of 4Q2001 and early 2002, there was a spate of new launches and relaunches of freehold and 99-year leasehold projects. Successful launches include: The Warren, Amaranda Gardens, Golden Heights, Malvern Springs, Queens, The Serenade @Holland, Rio Vista, Butterworth 8, Country Park, The Jade and Rosewood. Of these 12 apartment projects are freehold while the remaining are 99 years leasehold.
The amount of factory space to be completed in 2002 is estimated to be 1,160,000 sqm, according to URA. Given the weak economic situation, demand is not likely to match this supply. JTC Corp’s 1st quarter’s performance across all sectors of its industrial facilities has been poorer than the previous quarter. JTC extended the 10% rental rebates, which was given July last year, for six more months. The first OLAS for 2002 will feature the launch of 14 Industrial sites totaling over 9.8 ha. Construction of the 1.3 million sq ft facility called Technopolis in the new economy hub One North, will take place in September this year and is expected to be completed by 2004. JTC plans to develop its new state of the art Technopolis facilities at Ayer Rajah Avenue into a “Technology Icon” in Singapore as well as in the world. JTC take-up rates slipped into negative in 1Q2002 due to a decline in gross allocation from 22.1 ha to 12.1 ha. The Government added 3 sites — Serangoon Central, Woodlands Dr 16/ 53, Bukit Ho Swee Cres/Link — to the reserve list for the second half of this year. Low residential sales in Australia caused CapitaLand’s turnover to fall 6.8% despite a jump in profit of 47% in Q1. Thales International Asia will receive a tax break at 13% that last 5-10 years for setting up its headquarters here. SingTel expects to reap S$200 million in annual revenue by 2005 from data hosting and plans to inject A$15 million in the next two years in Australia to boost the Optus data centre in Ultimo. "I think he is taking what votes he gets from both sides," Brasell said. Remember to take a copy of the home advance valuation of the property; nonetheless it’s doubtful to highlight any issues you may generally find in a study. The private residential market was in a state of inactivity for the most part of 4Q2001 after the September 11 attacks in the US. Both buyers and sellers were uncertain of the domestic and global economies and adopted a very cautious stance and were waiting to see how the events will unfold. However, in November 2001, the 100 % sell out of the Nuovo (Executive Condominium), opposite the Yio Chu Kang MRT Station by City Developments Limited injected life back into the lack lustre residential market. Riding on the positive response to the launch, towards the end of 4Q2001 and early 2002, there was a spate of new launches and relaunches of freehold and 99-year leasehold projects. Successful launches include: The Warren, Amaranda Gardens, Golden Heights, Malvern Springs, Queens, The Serenade @Holland, Rio Vista, Butterworth 8, Country Park, The Jade and Rosewood. Of these 12 apartment projects are freehold while the remaining are 99 years leasehold.