SINGAPORE INVESTMENT CORPORATION - ART GOOD INVESTMENT - CAPITALFUSION ALTERNATIVE INVESTMENTS.
Singapore Investment Corporation
- A group of people elected to govern a city, town, or borough
- pot: slang for a paunch
- A paunch
- (corporate) of or belonging to a corporation; "corporate rates"; "corporate structure"
- A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law
- a business firm whose articles of incorporation have been approved in some state
- An act of devoting time, effort, or energy to a particular undertaking with the expectation of a worthwhile result
- outer layer or covering of an organ or part or organism
- the commitment of something other than money (time, energy, or effort) to a project with the expectation of some worthwhile result; "this job calls for the investment of some hard thinking"; "he made an emotional investment in the work"
- The action or process of investing money for profit or material result
- A thing that is worth buying because it may be profitable or useful in the future
- investing: the act of investing; laying out money or capital in an enterprise with the expectation of profit
- A country in Southeast Asia that consists of the island of Singapore (linked by a causeway to the southern tip of the Malay Peninsula) and about 54 smaller islands; pop. 4,353,000; capital, Singapore City; official languages, Malay, Chinese, Tamil, and English
- an island to the south of the Malay Peninsula
- the capital of Singapore; one of the world's biggest ports
- a country in southeastern Asia on the island of Singapore; achieved independence from Malaysia in 1965
intro
Billion-dollar building? Big deal. As local corporations expand and international companies enter the Asian market, demand for commercial real estate is soaring. In the past year and a half, there have been five separate billion-dollar real estate deals in Asia. If Morgan Stanley buys Seoul's Daewoo Building for $1 billion, that will make six.
By Maya Roney
It wouldn't be the New York-based investment firm's first pricey foray into Asia's real estate market: In April, Morgan paid $2.4 billion for 13 luxury hotels from All Nippon Airways—Japan's largest real estate deal ever by an overseas investor and Asia's biggest of the past 18 months. Also in Japan, and specifically Tokyo—the second most-expensive office market in the world behind London, according to CB Richard Ellis—Pacific Century Place sold for $1.71 billion last September, and the Shuwa-Shiba Park building fetched $1.24 billion in June, 2006.
Hong Kong is also a hot market for big buildings, and Singapore is growing fast, but it's the undervalued cities, such as Seoul and Shanghai, that are likely to see much of the action in 2007 and 2008.
The following slides highlight Asia's biggest recent real estate deals; all transaction prices are in U.S. dollars.
Emoil
At a foundation stone laying ceremony, Emoil Petroleum Storage FZCO, a newly established joint venture company between Emirates General Petroleum Corporation (Emarat), BP Singapore PTE Limited and Trafigura Beheer BV, announced the start of construction of a new gasoline storage and blending facility in Jebel Ali Free Zone at a total investment of USD 33 Million.
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