Thakral Ramps up Investment in Retirement Resorts, Streamlines Other Businesses
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PROPERTY PERSONALISED MCI (P) 045/08/2019 PPS 1519/09/2012 (022805) Visit EdgeProp.sg to find properties, research market trends and read the latest news The week of June 15, 2020 | ISSUE 937-159 Market Trends Spotlight Done Deals Under the Hammer Auction team rakes in HDB ‘Sky’ flats New home sales for May One-bedder at Loft @ $10 mil in sales during sought-after despite could surprise on the Stevens going for circuit breaker EP4 no viewings EP8 upside EP10 $1.7 mil EP12 Thakral ramps up investment in retirement resorts, streamlines other businesses Turn to our Cover Story on Pages 6 & 7. Lakefront clubhouse of GemLife Bribie Island resort-style, retirement community in Queensland THAKRAL CORP THAKRAL EP2 • EDGEPROP | JUNE 15, 2020 PROPERTY BRIEFS FRASERS PROPERTY JLL reit Global Real Estate Index and Construction Authority) Series with effect from June 22. Green Mark GoldPlus, which ADVERTISING + The index series tracks the differentiates the environ- MARKETING ADVERTISING SALES performance of listed real es- ment-friendly buildings by VICE-PRESIDENT, SALES & tate companies and REITs, and judging criteria such as en- OPERATIONS | Diana Lim allows investors to identify real ergy, water and material re- ACCOUNT DIRECTOR | Ivy Hong estate companies with strong source usage, and quality of DEPUTY ACCOUNT DIRECTOR | Janice Zhu sustainability performance. It the environment indoors. SENIOR ACCOUNT MANAGER | is recognised as the leading The group won the Fern- Pang Kai Xin benchmark for listed real es- vale Lane site in a government ACCOUNT MANAGER | Ryan Wang tate investments worldwide. land sale exercise in March. PUBLISHER Beh Siew Kim, CEO of the The site is close to Seletar The Edge Property Pte Ltd managers of ART, says that Aerospace Hub and the up- 150 Cecil Street #13-00 Singapore 069543 combining with Ascendas coming Punggol Digital Dis- Tel: (65) 6232 8688 Hospitality Trust last year has trict. Key transportation nodes Fax: (65) 6232 8620 boosted the scale of the trust such as Central Expressway Mike Batchelor, currently the CEO and enabled the inclusion are easily accessible. PRINTER of JLL Hotels and Hospitality Group, into the index. This helps to Green loans are designed Frasers Property’s group CFO, Loo Choo Leong, says tapping the green loan KHL Printing Co Pte Ltd market is ‘a natural extension of [the firm’s] business focus on sustainability’ 57 Loyang Drive Asia, will expand his role to cover broaden ART’s reach among to finance green or sustaina- Singapore 508968 Asia Pacific global investors and increase ble projects. The green loan Tel: (65) 6543 2222 Fax: (65) 6545 3333 its trading liquidity. is the first in Singapore for and Waterway Point. with known residential status JLL introduces Asia “With an enlarged inves- an EC and the 10th green fi- Each robot is equipped in 1Q2020, 78% were Singa- PERMISSION AND Pacific leadership tor base, we will have greater nancing initiative by Frasers with a camera, built-in sen- poreans and 16% were PRs. REPRINTS changes to Hotels and financial capacity to further Property. sors, software and ultravio- As a whole, the number of Material in The Edge Property may not be reproduced in any Hospitality Group enhance ART’s portfolio,” Loo Choo Leong, group CFO let-C light module that uses buyers has declined as abso- form without the written JLL’s Hotels and Hospitality she adds. of Frasers Property, says that UV-C rays to eradicate viruses. lute transaction volume has permission of the publisher Group has announced a se- ART is the largest hospi- the group has been quick to Air-conditioning and ven- fallen. Out of all non-land- ries of changes to the Asia tality trust in Asia Pacific as “recognise the support from tilation systems, as well as ed transactions by foreign We welcome your comments Pacific leadership team, ef- at Dec 31, 2019, with an as- financial institutions for green carpark exhaust ducts, grease home buyers, the “unspec- and criticism: propertyeditor.sg@ fective June 9. set value of $7.4 billion, com- financing”. He adds that tap- pipes and sewer lines will ified” group comprised the bizedge.com Mike Batchelor, currently prising Ascott REIT and As- ping the green loan market is be sanitised with disinfect- largest at 27% in 1Q2020. Pseudonyms are allowed but the CEO of JLL Hotels and cott Business Trust. ART has “a natural extension of [the ing agents. The furniture at This is followed by main- please state your full name, Hospitality Group, Asia, will been listed on the Singapore company’s] business focus common areas have also been land Chinese buyers, which address and contact number for expand his role to cover Asia Exchange since March 2006 on sustainability”. arranged to support safe dis- accounted for 23.7%, a drop us to verify. Pacific. He will oversee a team and its objective is to invest in In September 2018, the tancing and prevent congre- from 27.9% in 4Q2019. of 80 people in seven coun- hospitality real estate and real group raised its first green gation. Additionally, there are In the traditional prime dis- tries and territories, including estate-related assets globally. loan, which was also the first limits imposed on lift occu- tricts of 9, 10 and 11, main- Australia, and provide clients As at March 2020, ART’s in- syndicated one in Southeast pancy and queue numbers. land Chinese constituted over with access to the Australia, ternational portfolio comprises Asia, for the refinancing of Group CEO Panote Siriva- a quarter (25.6%) of foreign New Zealand and the Pacific 88 properties, with more than Frasers Tower. The group has dhanabhakdi says: “We are buyers in 1Q2020, an increase Islands hospitality markets. 16,000 units in 39 cities across raised around $4 billion in clearly navigating a ‘new nor- from 25.3%in 4Q2019. They In Australia, Craig Collins 15 countries. The properties green financing to date. mal’ and recognise we must were followed by Indonesians will be leaving his role as operate under the Ascott The operate our properties differ- (14.1%), Malaysians (8.3%) CEO of Australasia, and Peter Residence, Somerset, Quest Frasers Property steps ently as we address the evolv- and Americans (8.3%). Harper will assume the role and Citadine brands. They up preventive measures ing needs of our customers.” Meanwhile, overall trans- of managing director, head of are predominantly located in in malls, offices, hotels actions have fallen as a result investment sales, Australasia. developed cities across Asia Frasers Property has intro- Transaction volume by of showflat closures, extended Nihat Ercan, currently the Pacific, Europe and the US. duced preventive measures foreign home buyers rules against conducting home head of investments sales and processes to ensure that falls 26% in 1Q2020 viewings, fewer new launch- for JLL Hotels and Hospital- Frasers Property secures tenants, customers, guests and Based on the residential sta- es and economic uncertain- ity Group, Asia, will also ex- Singapore’s first green occupants can return to their tus of home buyers in Sin- ties caused by the Covid-18 pand his role to cover Asia Pa- loan for Fernvale Lane EC properties safely during Phase gapore, the number of for- pandemic. cific. He will partner closely Frasers Property has secured a One of the reopening after eign home purchasers fell the Transaction volumes for with the Australasia invest- green loan of $350 million to the “circuit breaker” period. most, by 26.1% to 215 units private homes have declined ment sales team to provide finance an executive condo- Across malls, hotels, ser- in 1Q2020, compared to oth- for the second consecutive enhanced access to capital minium (EC) at Fernvale Lane viced residences, offices, busi- er statuses, according to Ed- quarter by 14.4% q-o-q to sources in Asia to expand through subsidiary Fernvale ness parks, and industrial mund Tie’s Private Homes 4,174 homes in 1Q2020. It their investment portfolios Lane. The loan was funded and logistics facilities under Report for June 2020. is the lowest since 1Q2019, internationally. by three banks: DBS Bank, Frasers’ care, hand sanitiser Transaction volumes by when total transactions reg- Xander Nijnens, head of Malayan Banking and OCBC stations, temperature check- Singaporeans and Singapore istered were 3,743 units. advisory and asset manage- Bank. Fernvale Lane is 80% points and safe distancing permanent residents (PRs) de- New sales decreased by ment, Asia, will take on the held by a wholly-owned sub- markings have been set up. creased by 12.5% and 10.5% 12% q-o-q to 2,149 units in responsibility of asset man- sidiary of Frasers Property Frontline staff have been given respectively in 1Q2020. 1Q2020. Transactions of resale agement across Asia Pacific. and 20% held by CCS Land masks to be worn at all times. As a proportion of sales units fell by a larger 16.8% The leadership changes fol- Group (Singapore). Additionally, apart from by residential status, howev- q-o-q to 2,025 units in the low a record year of invest- The upcoming EC will com- enhanced cleaning and disin- er, the percentage of foreign same period. The percent- ment volumes for JLL Hotels prise approximately 500 units. fection, UV-disinfectant robots buyers has only declined by age of new sales to total pri- and Hospitality Group in Asia For the completed project, will be deployed in Frasers 1 percentage point from 7% vate home sales in 1Q2020 Pacific. CEO Batchelor recog- the developer is targeting Property’s retail malls in Sin- in 4Q2019 to 6% in 1Q2020. was 51.5%. — Compiled by nises that the industry is now to obtain the BCA (Building gapore such as Northpoint City Of the private home buyers Valerie Kor E going through “one of the most challenging periods the hotel ASCOTT RESIDENCE FRASERS PROPERTY sector has ever experienced” and reiterates the importance of providing timely and accu- rate advice across markets in Asia Pacific.