Kopi Talk – 23/10/2017

Mitsui eyes property in Singapore and consumers in Asia for growth – Business Times


Kopi Talk:

The Mitsui Group is no stranger to the Singapore property market. Mitsui Fudosan (a member of Mitsui Group) has an established track record of developing residential properties in Singapore via TID Pte Ltd, a JV company with Singapore’s Hong Leong Group.

Through Mitsui & Co, the group will now expand its presence into Commercial and Industrial properties in Singapore and regionally. Mitsui & Co already has a partnership with Ascendas-Singbridge and with a working structure already in place, deploy of funds can be rapid when right opportunities arise.  


Mayfair Gardens up for enbloc sale at $265 million – Property Guru


Kopi Talk:

Another day, another property up for en-bloc. Nothing new these days. Expected all-in cost to developer is around S$310 mil including lease top-up or S$1,058 psf ppr, still a reasonable sum of investment for a developer to absorb in today’s market. Another 124 new millionaires in the making!


Florence Regency sold to Chinese developer in S$629m deal – Today Online


Kopi Talk:

Must have been one of the best days for the residents of Florence Regency! Kingsford met the initial reserve price of S$600 mil but the deal was almost jeopardised by the S$629 mil valuation from Colliers! But now, residents have the last laugh as Logan came in to snatch the property at the valuation price. Residents now have to thank Colliers for the extra moneys. Another 336 new millionaires in the making!


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