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The Peak Magazine, Thursday 24 January 2008

Who to watch out for this 2008

YTL Corp recently inked a deal to develop a luxury resort with residential properties in Thailand with joint venture partner Lehman Brothers, a New York-based investment bank. Besides this, it has also made the headlines for the acquisition of Westwood Apartments, a luxury condominium located along Singapore’s Orchard Road, for close to RM1 billion. Tan Sri Francis Yeoh has said the company is looking for opportunities to develop more luxury resorts with marinas in Southeast Asia. The c...

 

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The Star Online, Sunday 2 December 2007

YTL's foray into Singapore proves successful

“This appears reasonable given the property’s prime business location in the city. Assuming land costs were to account for 50% of sales value, we estimate that YTL would need to achieve a top-tier selling price of S$5,000 psf for the redeveloped condominiums. This is realistic based on the recent transactions achieved by The Marq on Paterson Hill and the upcoming Ritz Carlton Residences on the former Horizon View site in Cairnhill Road.”

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The Star Online, Wednesday 28 November 2007

YTL buying Singapore apartments en bloc

Group managing director Tan Sri Francis Yeoh Sock Ping said the property acquisition was YTL Corp's third in the city-state in two years. The company is currently involved in the high-end Lakefront and Sandy Island residential development projects in Sentosa Cove, which will comprise exclusive, bespoke homes.

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The Business Times, Wednesday 28 November 2007

Westwood Apartments sold for $2,525 psf ppr

Savills is also marketing another four to five collective sale sites, and Mr Ming says that 'there is interest from both foreign and local buyers'. Westwood Apartments did, however, sell for slightly under the indicative price of $2,800 psf ppr when it was put up for tender about two months ago.

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Business Times, Wednesday 28 November 2007

YTL wins bid to buy Singapore condos for RM1b

Group managing director Tan Sri Dr Francis Yeoh Sock Ping said the deal allows the group to diversify its landbank in Singapore and earn more from high sale and rental rates. The group will use its existing local market knowledge, expertise and resources from its high-end Lakefront and Sandy Island residential development projects in Sentosa Cove, Singapore.

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