Controlled by billionaire brothers Lee Yeow Chor and Lee Yeow Seng, IOI Properties Group is renowned in the Malaysian property industry - and it looks like
Controlled by billionaire brothers Lee Yeow Chor and Lee Yeow Seng, IOI Properties Group is renowned in the Malaysian property industry – and it looks like they’re taking over the industry in Singapore as well.
As reported by Forbes, the group is preparing to launch sales for a residential tower in Singapore’s financial district, Marina Bay, in its current financial year ending 30th June 2024. The Marina View Residences comprises 905 residential units with a gross development value of RM8.56 billion and was built on the 7,817-square-meter site the group bought for SGD1.8 billion from a government auction in 2021.
” The launch will continue to proceed despite rising interest rates in the city and the government doubling stamp duty on most foreign buyers. A property consultant also shared that there is still a demand for luxury homes in Singapore, especially among wealthy Singaporeans and permanent residents. The Marina View Residences is just one of IOI Properties’ many Singaporean investments in recent years. Along with the residential tower, the Marina Bay development will also have a hotel component, which could yield 540 rooms. The group is also set to complete construction for the IOI Central Boulevard offices by the end of 2023, already securing leases from major tenants, including Amazon and Morgan Stanley.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thailand’s ex-PM Thaksin hands in royal pardon requestThe billionaire former premier is currently serving an eight-year jail sentence.
Read more »
Thailand’s ex-PM Thaksin hands in royal pardon requestThe billionaire former premier is currently serving an eight-year jail sentence.
Read more »
Stateless children in Malaysia not security threats nor foreigners — Malaysian Citizenship Rights AllianceAUGUST 30 — Malaysian children without citizenship documents are not security threats nor are they ‘foreigners’ — they are children who have strong attachments to Malaysia....
Read more »
Rare Super Bluemoon in Malaysian skies expected tonightKUCHING, Aug 30 — Malaysians will have the opportunity to witness a rare celestial phenomenon called the Blue Supermoon tonight, provided the sky is clear. This phenomenon...
Read more »
NRECC issues letter for Malaysian companies in Indonesia on open burning prevention measuresPUTRAJAYA: The Ministry of Natural Resources, Environment and Climate Change (NRECC) has issued a letter regarding measures to prevent open burning in...
Read more »