temporary occupation permit (TOP)

AA REIT secures first tenant for newly-completed Tuas redevelopment

SINGAPORE (Sept 4): The manager of AIMS AMP Capital Industrial REIT says it has secured its first tenant, whose business is in the aerospace industry, for its newly-completed redevelopment located at 8 Tuas Avenue 20.

8 Tuas Avenue 20 is a three-storey contemporary industrial facility suitable for production and warehouse usage, located near the junction of Pioneer Road and within walking distance to the Tuas West Road MRT station, which has been operational since June this year.

It recently achieved temporary occupation permit (TOP) on Aug 29.

AA REIT achieves TOP for redevelopment of 8 Tuas Avenue 20

SINGAPORE (Aug 30): AIMS AMP Capital Industrial REIT (AA REIT) has received the Temporary Occupation Permit (TOP) for the redevelopment of land parcel units 8 & 10 Tuas Avenue 20, according to the manager of the REIT.  

With the redevelopment, the land parcels are amalgamated and are now known collectively as 8 Tuas Avenue 20, says the manager in a media release on Wednesday.

As a result, the property’s gross floor area (GFA) has been increased by 32.5% to 158,853 sq ft from 117,521 sq ft previously, and has been valued by CBRE at $24.1 million.

Oxley obtains TOP for maiden hotel development; operations to commence 2Q18

SINGAPORE (Aug 15): Oxley Holdings announced Tuesday that it expects to commence operations for its $900 million hotel development along Stevens Road in the second quarter of FY2018.

Oxley says in a filing to SGX today that the development, which comprises a 254-room Novotel hotel and a 518-room Mercure hotel, obtained its Temporary Occupation Permit (TOP) on Aug 3.

GSH Corp sinks into 1Q loss of $1.35 mil on lower revenue & higher expenses

SINGAPORE (May 5): Property developer GSH Corp sunk into losses of $1.35 million for the first quarter ended March, versus a profit of $2.8 million posted in the same quarter a year ago.

Revenue fell 10.5% to $21 million from $23.5 million in the previous year due to a 60% decline in contributions from its property business, which amounted to only $3.3 million in revenue compared to $8.2 million in 1Q16.

Sim Lian to open Hillion Mall at Bukit Panjang on Feb 24

SINGAPORE (Jan 10): Property firm Sim Lian Group will be opening its first mixed-use development, Hillion Mall, on Feb 24 as “Singapore’s first integrated development and transport hub in the West”.

A series of carnival-themed events and activities for all members of the Bukit Panjang community will take place on the date in commemoration of the launch.

Will Centurion find a home in your portfolio?

SINGAPORE (Oct 14): UOB Kay Hian is highlighting business group Centurion Corporation as a “solid proxy for foreign workers’ and students’ accommodation”, given its continued outperformance of peers, visible pipeline growth and resilient 2Q16 financials.

Centurion is the only listed company for purpose-built accommodation in Singapore, with a portfolio of 22 operational accommodation assets totalling over 64,408 beds in Singapore, Malaysia, Australia and the UK.  

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