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October 2015

October 2015

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1st Oct

Singapore Economy

  • A Cabinet for today and tomorrow
  • Mr Fix-It knuckles down to his task
  • Non-resident population growth continues to ease in 2015

Singapore Real Estate

  • $16.3m house sold, price is highest at auction this year
  • Oxley duo buying into Int'l Healthway Corp
  • Prime retail rents dip to lowest since '06
  • Keen competition seen for sites near Redhill MRT, Sembawang Park
  • Gym operator Virgin Active to be anchor retail tenant at Guoco Tower

Companies' Brief

  • Roxy-Pacific
  • GuocoLand
  • IndoSpace 'considers Reit listing in Singapore'
  • JTC Corp's FY2014 surplus up 16% at S$1.19b
  • Bobby Chin appointed HDB deputy chairman
  • CPF interest rates to be extended

Views, Reviews & Forum

  • Preserving the good name of Meinhardt group

Global Economy & Global Real Estate

  • Canadian funds make big buys in Manhattan
  • Tight regulations making it costly for landlords to build homes
  • Hoteliers seeing unexpected boost from migrant influx
  • Skanska may expand US office property business
  • Zurich luxury-home rental feels heat from immigration curbs
  • US hotel chains race for Cuban deals
  • China eases rule to spur housing sales
  • Meet the Hipster Real Estate Developers Building for Millennials

2nd Oct

Singapore Economy

  • Panel being set up to chart future of economy
  • Singapore economy in need of review: PM Lee

Singapore Real Estate

  • MND will focus on new housing policies: Lawrence Wong
  • New trends in property market after GE2015
  • Downtrend in private home prices picks up momentum
  • Headwinds expected to continue for HDB resale flats: consultants
  • Foreigners buying fewer homes in Singapore
  • Reserve site in Upper Serangoon triggered for tender
  • NUS in project to cut energy use with better city planning
  • Rising interest rates to hit homeowners

Companies' Brief

  • Sinarmas Land share buyback raises questions
  • BBR Holdings

Global Economy & Global Real Estate

  • Ascendas' OneHub Saigon breaks ground
  • US retail Reit sells minority stakes in 5 malls to GIC
  • Thai hotel group to acquire 10 properties in Europe in 3 years
  • Sydney home prices 'at a near standstill'
  • Australian Sept home prices rise 0.9%
  • Manhattan home prices near million-dollar mark
  • British 'DIY group' turns architecture into art
  • Gehry's Conde Nast cafeteria to stay
  • Starwood Hotels plans to expand presence in Africa
  • Meyer Bergman Venture Agrees to $630 Million Oslo-Property Deal
  • China's Anbang Said to Buy Canada Office Tower From Brookfield
  • Blackstone's Gray Says REIT Buyouts Loom Amid Bearish Market
  • Blackstone Gets $15.8 Billion for Biggest Ever Real Estate Fund
  • Ireland's NAMA Raises Lifetime Profit Forecast to $1.95 Billion
  • New York REIT Plans Strategy Review Following Litt Critique
  • A Billionaire New York Landlord Who Doesn't Trumpet His Wealth
  • RBC Hires LaSalle’s Brinkmann for Real Estate Lending in Europe

3rd, 4th & 5th Oct

Singapore Real Estate

  • Phase 2 of Greenwood Mews cluster homes launched
  • Q3 property investment sales dive to lowest level since Global Crisis
  • HDB builds new generation neighbourhood centres for upcoming estates
  • Buildings win prizes for water-saving features
  • Shophouses in Bugis Village uneven

Companies' Brief

  • CapitaLand to donate S$1.3m to charity

Global Economy & Global Real Estate

  • Billionaire Kenneth Griffin goes on record-setting spending spree
  • Bouygues readies for Paris battle to emulate WeWork
  • Jefferies MD Rich Ford joins home-trading startup Roofstock
  • Blackstone sees more asset sales, takeovers in US
  • Phase 2 of Greenwood Mews cluster homes launched

6th Oct

Singapore Real Estate

  • Ser Luck: Govt to look into foreign worker levy
  • Relocating staff to Singapore gets cheaper
  • Singapore office rents soften in Q3 on economic outlook: DTZ
  • Woodlands Civic Centre lauded for new initiatives

Global Economy & Global Real Estate

  • Riyadh to convert state housing fund into bank
  • Hamburg to seize empty commercial space for refugees
  • São Paulo mayor battles resistance to ease gridlock
  • Who's afraid of vacancies? Not billionaire Larry Friedland
  • Cerberus Leads Buyers as Europe Trims Bad Property-Debt Pile
  • How Peltz's $2.5 Billion Investment Will Make GE Hurry Up
  • Short Sellers Take On Hong Kong's Best-Performing Property Stock

7th Oct

Singapore Real Estate

  • Competition for land still strong despite tepid market
  • Crane at Bedok worksite keels over

Companies' Brief

  • Oxley CEO lifts stake in IHC, stirring talk over what's next

Views, Reviews & Forum

  • Vision SG100: Floating cities in the sea

Global Economy & Global Real Estate

  • Cerberus leads buyers of distressed property debt in Europe
  • Shenzhen is China's hottest property market
  • China property firm Country Garden plans Islamic bond in Malaysia
  • Dubai set for first residential Reit amid softening prices
  • In North America's Costliest City, Rich Chinese Take the Blame
  • Blackstone Bullish on New York, Miami Rental Homes, Gray Says

8th Oct

Singapore Economy

  • Singapore business optimism index plunges

Singapore Real Estate

  • Developers' calls to extend project deadline meet with a "no"
  • Windsor Park GCB sold for $21.8m
  • Local industrial property firm opens first data centre
  • Freehold building at Eunos for sale, asking S$14m
  • Seven office projects for collective sale: Report
  • Court rules on collective sales tainted by bad faith

Companies' Brief

  • A powerful tool for the sector
  • Retail most resilient among Reits in Q3: DBS
  • Ascendas Reit
  • CDL's Kwek Leng Joo wins President's Award for the Environment
  • 3M to spend $10m on 'smart lab' for urban solutions

Views, Reviews & Forum

  • Foreign worker levies hurting productivity

Global Economy & Global Real Estate

  • TPG raises over US$2b for its first multi- investor property fund 
  • First Skyscraper at Manhattan's Hudson Yards to Open in March
  • Britain's financial watchdog starts home loans competition review
  • IVG said to tap banks to sell its property business
  • Marriott to triple Brazil hotels on hopes that recession would be brief
  • Iran's biggest mall taking shape in Isfahan
  • US commercial property investors now prefer inland cities: report
  • Cameron vows to tackle housing woes

9th Oct

Singapore Real Estate

  • Buyers return as HDB resale prices consolidate
  • Kingsland's $100m data centre up and running
  • High-rise home improvement
  • Singtel to build S$400m data centre in Jurong
  • SLA provides 'green map' for NParks

Companies' Brief

  • Savills Singapore beefs up team to double valuation revenue
  • Lippo-backed VC fund launched
  • Global Logistic Properties

Views, Reviews & Forum

  • How long will the residential property downcycle last?

Global Economy & Global Real Estate

  • Ascott extends its hospitality to Cebu and Pattaya
  • Norway sovereign wealth fund to focus on Singapore, Japan
  • Commerz Real fund's half stake in 78 Shenton Way on the market
  • New York property market still hot: Colliers
  • UK home sales pick up in September
  • HK August home prices hit record high
  • Housing activity in Britain up, but prices rise at slower pace
  • Foreign Homebuying Drops in California as China Slowdown Seen

10th, 11th & 12th Oct

Singapore Real Estate

  • Managed hybrid IT will contribute towards a smarter Singapore
  • Sectoral manpower plan for hotels unveiled
  • UOL, Kheng Leong to sell first phase of Alexandra condo at over S$1,600 psf
  • Ivy Lee Realty fighting application to wind up firm

Companies' Brief

  • Singapore Property
  • Singapore Retail Reits
  • Ascendas Reit

Global Economy & Global Real Estate

  • Rich Chinese face backlash in North America's costliest city
  • For sale: San Francisco Bay Area's largest ready-to-build site
  • Developer plans aggressive expansion as Egyptians exit Cairo
  • Blackstone buys BioMed Realty Trust for US$8b
  • Foreign homebuying drops in California as Chinese slow buying
  • Brooklyn homes sell at fastest pace in 8 years as prices surge 15%
  • Boom in Seoul's mini-room housing
  • Foreign Homebuying Drops in California as China Slowdown Seen
  • Chicago's Landmark Tribune Tower Marketed for a Potential Sale

13th Oct

Singapore Economy

  • Analysts downbeat ahead of Q3 GDP results, expect technical recession

Singapore Real Estate

  • Rental growth of business parks, high-tech parks eases in Q3
  • Two commercial shophouses up for sale: Savills
  • Weak property market bleeds agencies, sales agents
  • Fewer real estate firms, agents run afoul of rules
  • Efforts to preserve Pearl Bank Apartments hit roadblock
  • SBF, SMC join hands to push for mediation in commercial tenancy disputes
  • CoAssets in crowdfunding platform tie-up

Companies' Brief

  • OKP unit wins S$12.7m JTC contract
  • SPH Reit maintains Q4 DPU at 1.39 cents
  • Perennial to join retail bond market with S$150m offering
  • Tee International's Q1 net profit up 77.9% at S$2.46m

Views, Reviews & Forum

  • A super-aged Singapore: Policy implications for a Smart Nation

Global Economy & Global Real Estate

  • Cameron plans to boost UK home-building amid supply drought
  • Home Flipping Frenzy in Sydney Sparks Warnings on Housing Risks

14th Oct

Singapore Economy

  • MAS to slow appreciation of Singapore dollar
  • Singapore’s economy grew 1.4% in third quarter of 2015

Singapore Real Estate

  • Productivity to count for more in tenders for govt projects from 2016
  • Technology adoption still slow among smaller builders
  • Company’s drone venture may help building industry
  • Portal to match foreign workers with urgent jobs
  • New committee to oversee innovation in hotel sector
  • Raised EC income ceiling hits private resale market
  • Prime-area private condos see resale prices rise 2.8% in September
  • 0.1% dip in private apartment resale prices last month
  • Norway fund, CapitaLand team said to be preferred bidder for Asia Square Tower 1
  • Airbnb in talks with URA for clearer rules on short-term leasing

Companies' Brief

  • SPH FY15 profit falls 2
  • SPH Reit
  • Lian Beng Q1 rides on devt business
  • Colliers appoints new MD for its Singapore business

Global Economy & Global Real Estate

  • Property flipping frenzy in Sydney spurs warnings of overheating
  • Oversupply and Tighter Lending Threaten Korea's Property Market
  • Goldman's Lone Hit Among Asia's Junk Flops -- China Developers
  • Canadian Household Confidence Gains for Third Straight Week
  • Real Estate Safest Bet Amid Volatile Markets, Sternlicht Says

15th Oct

Singapore Economy

  • MAS ignores calls for more aggressive easing of Singdollar
  • Q3 growth not enough to lift full-year GDP forecasts

Singapore Real Estate

  • Market volatility seen driving up mortgagee sales
  • Weakness in private condominium rents persists in September
  • The information advantage of Singapore's real estate agents
  • CapitaLand confirms talks to buy Asia Square Tower 1

Companies' Brief

  • Perennial Real Estate's placement tranche of retail bonds oversubscribed
  • CapitaLand conferred President's award for volunteerism, philanthropy
  • Soilbuild Reit posts 5.1% rise in Q3 DPU

Global Economy & Global Real Estate

  • Inflation in China slows further in September
  • Canada urged to compile data on home purchases by foreigners
  • UK landlords renting to illegal immigrants could face jail
  • Glut, tighter lending threaten South Korea property market
  • Mall-owner Taubman invests in China's second-tier cities
  • Banks helping rich clients invest in marquee property deals
  • Vonovia bids 9.92b euros for Deutsche Wohnen
  • NYC's Luxury-Condo King Shifts Gears in Bid for Chinese Buyers
  • Deutsche Wohnen Rejects Vonovia's Takeover Offer as Inadequate
  • Bank of England’s Fried to Head Billionaire Kirsh Family Office
  • Goldman's Lone Hit Among Asia's Junk Flops -- China Developers
  • Buffett Says U.S. Housing Picking Up, Citing Furniture Gains 

16th Oct

Singapore Economy

  • Retail sales surge 6.1% in August, again on exuberant car buying
  • NUS to launch smart nation research cluster

Singapore Real Estate

  • Normanton Park up for collective sale
  • Private home sales drop 34% in Sept to year’s low
  • Macroeconomic volatility weighs on new home sales
  • Singapore family offices give better returns compared to peers in Asia-Pacific: Survey
  • S'pore prime-office rents may fall 3% in next 3 years
  • S'pore still a top-20 investment destination for commercial real estate
  • Thomson Impressions to be launched at S$1,400 psf on average
  • CMT to sell Rivervale Mall for S$190.5m

Companies' Brief

  • CapitaLand
  • Soilbuild
  • Sabana Reit
  • Financing offer for A-Reit's perpetual bonds
  • Hedging pays off as Keppel DC Reit's Q3 distributable income beats forecast
  • Regina Lim to join JLL in newly created post covering S-E Asia
  • Kwek Leng Beng receives HICAP Lifetime Achievement Award

Views, Reviews & Forum

  • A wishlist for the new MND minister to consider
  • Smart cities can change the way we pay

Global Economy & Global Real Estate

  • McDonald's Close to Making a Decision on Real-Estate Structure
  • Blackstone Planning New European Real Estate Fund, James Says
  • Rajan Gives Fillip to Modi's Goal of Housing for All by 2022
  • NYC's Luxury-Condo King Shifts Gears in Bid for Chinese Buyers

17th, 18th & 19th Oct

Singapore Real Estate

  • More BTO flats likely next year: minister
  • Not time yet to unwind property cooling measures: National Development Minister Lawrence Wong
  • Why collective sales slowly losing shine
  • S'pore-based investors pump S$3.8b into real estate abroad in Q3
  • S'pore-based firms snap up $24b of properties abroad
  • Green office buildings: the new norm?
  • New lease of life for old, non-green offices
  • HDB makes it a point to be more accessible - and real
  • Some Centrale 8 defects to be fixed, others unaddressed
  • Homeowners react slowly to interest rate volatility

Companies' Brief

  • First Reit
  • Soilbuild Reit

Views, Reviews & Forum

  • Smart technologies bring new risks
  • The travails of looking for a first home

Global Economy & Global Real Estate

  • Reits prospects in US, Britain outshine outlook in Singapore
  • Don't overpay for pricey new London properties, warns adviser
  • AccorHotels sees challenges in Asia-Pac expansion
  • M'sian top fund buys property stocks at 32% discount
  • German property market sees takeover surge
  • NYC's Stuyvesant Town said to be for sale with Blackstone weighing bid
  • NYC's luxury-condo king shifts gears in bid for Asian buyers
  • Growing foreign interest in Vietnam's real estate
  • Property still a 'compelling proposition' for investors
  • Sydney Home Market Cools With Auction Clearances at 10-Month Low
  • Private Equity Real Estate Hiring Gets SEC Scrutiny
  • McDonald's Is Close to Deciding on Real-Estate Structure

20th Oct

Singapore Economy

  • PM Lee: Fusionopolis Two to bring manufacturing to next level
  • Core inflation expectations lowest in 4 years
  • Private capital in infrastructure: Illiquid assets still a hurdle

Singapore Real Estate

  • Euro-Asia Apartments eyes collective sale

Companies' Brief

  • Boost for Keppel Infrastructure Trust from acquisitions
  • Keppel Reit's Q3 distribution up 4.6% at S$54.4 million
  • Mapletree Logistics Trust Q2 DPU falls 1.1%
  • Lian Beng
  • Guocoleisure

Global Economy & Global Real Estate

  • China economic growth slows to 6.9% in Q3
  • China property now a 'buy': BlackRock
  • Blackstone Nears Deal to Buy NYC’s Stuyvesant Town for $5.3 Billion
  • Dubai Property Seen too Expensive to Get Iran Sanctions Bounce
  • Pan Pacific to launch serviced suites in Puteri Harbour project

21st Oct

Singapore Economy

  • Tharman unveils 3 initiatives to draw institutions to infrastructure

Singapore Real Estate

  • Spike in HDB lease buyback applications

Companies' Brief

  • Mapletree Ind Trust posts 7.3% rise in Q2 DPU
  • CNQC International completes RTO deal

Global Economy & Global Real Estate

  • Indonesian eco-resort to be accessible only from Singapore
  • Housing starts rise as construction bolsters US economy
  • Treasuries Decline as New-Home Construction Climbs in September
  • Blackstone buys NY's Stuyvesant Town complex
  • Blackstone Builds on Apartment Foray With Manhattan Invasion
  • Philippine billionaire Villar may merge his residential, mall units
  • New database tracks large land deals
  • Sydney housing market cools as auction rate falls

22nd Oct

Singapore Real Estate

  • Competition, manpower top challenges: S'pore chairmen
  • Property 2015
  • Developers make their mark here and abroad
  • ECs stay relevant amid exciting developments
  • Green is the colour of future real estate
  • More active resale HDB market in the making
  • Rule tweak gives HDB flat sellers more time to move

Companies' Brief

  • First Reit agrees to Surabaya asset swap with Lippo
  • MapletreeCom Trust's Q2 DPU up 2.5%
  • Cache Logistics' Q3 DPU unchanged
  • TEE Land

Global Economy & Global Real Estate

  • Better deal for US millennials to buy than rent property: study
  • Aussie mining towns see home prices dive
  • Norway's fund will need nod for large property deals
  • New York City testing post-disaster housing
  • HK real estate equity group to buy Big Hotel for $203m
  • Shanghai Halts Land Auctions as Surging Prices Worry Officials
  • SEB Slides Reveal Sweden's Property Risks Bank Wants to Avoid
  • Sydney Housing Boom Over as Price Growth Slows, Domain Says

23rd Oct

Singapore Real Estate

  • Singapore property developer sentiment worsens in Q3: survey
  • Private home prices fall for eighth straight quarter
  • Far East Hospitality to expand Oasia brand next year
  • HDB to appoint managing agents for new neighbourhood centres
  • Pearl Bank Apartments get extension to secure approval for conservation

Companies' Brief

  • Industrial space prices, rents soften in Q3: JTC
  • A-Reit's Q2 DPU increases 13.7%
  • Suntec Reit Q3 distributable income up 9.2%
  • CMT's Q3 net property income slips; DPU up 9.6%
  • FCT Q4 DPU up; eyes on rental reversions
  • Suntec City officially reopens after S$410m revamp

Global Economy & Global Real Estate

  • GIC partners Tishman Speyer in Hyderabad JV
  • Shanghai halts land auctions as surging prices worry officials
  • Smaller price growth in Q3 shows end of Sydney housing boom: Domain
  • Existing home sales rise more than expected
  • Amaravati project a benchmark for new cities: Modi

24th Oct

 

25th Oct

 

26th Oct

 

27th Oct

Singapore Economy

  • Singapore must prepare for economic slowdown: PM Lee

Singapore Real Estate

  • Property price drop will only have a small impact on GDP growth: Nomura
  • Good Class Bungalow deals in Q3 down from previous quarter

Companies' Brief

  • Viva Industrial Trust posts 2.4% decline in Q3 DPS
  • Oxley offers up to S$125m retail bonds in maiden issue
  • Frasers Hospitality to launch Modena brand in Bangkok
  • Timely forum on sustainable development

Global Economy & Global Real Estate

  • China malls closing despite data showing retail sales rebound
  • Supply glut still a hurdle to China property rebound
  • Japan's Seibu eyes Tokyo hotel redevelopment project
  • Student dorms drawing billionaires have record sales in UK
  • Buildings for a happier, healthier and more productive life
  • China's Bid to Prop Up Property Investment Challenged Amid Glut

28th Oct

Singapore Real Estate

  • MAS: Housing sector has no strong link to jobs and business cycles
  • HDB leads the way for residents with journey managers

Companies' Brief

  • Adelaide, S'pore malls boost Starhill's Q1
  • Viva Q3 income up but DPS dips on bigger unit base
  • MGCCT's Q2 DPU up 13% despite weak HK retail market

Global Economy & Global Real Estate

  • CapitaLand to build its 6th condo in Ho Chi Minh
  • Blackstone seeks mortgage for Manhattan complex
  • Tokyo museum undergoes facelift
  • China Vanke Q3 net profit jumps 22% as sales pick up
  • Ping An, partner, in US property fund
  • Airbnb fights move to curb San Francisco business
  • Starwood Hotels Jumps on Report of Chinese Firms' Interest
  • Starwood Bets $5.4 Billion That Apartment Rents Will Keep Rising
  • Landlord Boom a Bigger Risk for Aussie Bad Debts Than Businesses
  • GE Names Real Estate Chief to Run Jet Lessor With Liu to Retire

29th Oct

Singapore Economy

  • Singapore to focus on 5 futures, says Swee Keat
  • Singapore still the best place to do business

Singapore Real Estate

  • Prices of completed condos up 0.1%: NUS index
  • Two warehouse buildings up for sale, asking S$70m
  • Apple seen taking up half the space at Fusionopolis Two tower
  • Koh Brothers holds 30% stake in JV handling Changi's 3rd runway works
  • SingPost's new mall to capitalise on e-commerce
  • Thye Hua Kwan Moral Society wins bid for Fernvale Link site

Companies' Brief

  • HDB's up-sized issue of S$1.2b five-year bonds snapped up
  • CCT posts higher Q3 DPU; expects pressure on market rents
  • A-HTrust's Q2 DPS up 8.7% despite income hit from currency movements
  • Lippo to move two Reits from S'pore to Indonesia
  • Wing Tai Holdings
  • Keppel DC Reit

Views, Reviews & Forum

  • Make some property curbs permanent

Global Economy & Global Real Estate

  • Fed rate hike could burst HK property bubble
  • Hyatt said to be in talks to buy Starwood Hotels
  • Landlord boom a bigger risk for Australian bad debts than businesses
  • Japan's Hulic to buy Simplex for 155b yen amid many bids
  • Bailout exit, unity moves make Cyprus attractive: entrepreneur
  • Paris 'palace' hotels face growing challenges
  • Brooklyn becoming a serious rival to Manhattan
  • Qatar Joins Brookfield's $8.6 Billion Manhattan West Project
  • Apollo Third-Quarter Profit More Than Triples on Athene Unit
  • China Firms Said to Seek Approval to Pursue Starwood Hotels Bid

30th Oct

Singapore Economy

  • Strengthen Singapore's three comparative advantages to create value: Iswaran
  • Land is a resource that must be managed carefully: Heng Swee Keat
  • S'pore's hub status 'offers hope to hospitality sector'

Singapore Real Estate

  • Bids for Ubi industrial site 'too low', says HDB
  • Four more tenants set to move out of Knightsbridge
  • Bedok Mall steps up checks, cleaning after rat clip
  • Condo, mall to be renamed following complaints from St Andrew's alumni

Companies' Brief

  • GP Hotels Q3 profit down 30%
  • Frasers Hospitality Trust's Q4 DPS lower than forecast
  • Ascott Reit's Q3 DPU dips 2% on one-off item's interest cost
  • Q3 DPS drops 9.7% at CDL Hospitality Trust
  • Tuan Sing's Q3 profit hit by impairment loss
  • CityDev's M&C Hotels posts one-third fall in Q3 profit
  • BCA CEO wins award for sustainability effort

Views, Reviews & Forum

  • Still no clarity on uneven HDB resale levy
  • Crowdfunding real estate

Global Economy & Global Real Estate

  • HK home transactions seen headed for 20-year low
  • Qatar joins Brookfield's US$8.6b mixed project in Manhattan
  • London and HK facing housing bubble risk, says UBS
  • Hyatt keeps mum about talks to buy Starwood
  • Pending Sales of Previously Owned U.S. Homes Unexpectedly Fall
  • MGM Resorts Creates REIT for Hotels to Help Boost Value
  • Swiss Apartment Prices Set to Decline for First Time in 15 Years
  • New York Community Agrees to Buy Astoria in $2 Billion Deal
  • Hairy crabs help China’s solar industry flourish

31st Oct

Singapore Economy

  • Businesses more cautious on spending, investment

Singapore Real Estate

  • Two condos launched over weekend notch 60% sales
  • Home owners lose prime view after land-use changes
  • 20% of resale flat buyers seek proximity grant

Companies' Brief

  • Frasers Commercial Trust
  • CDL Hospitality Trusts
  • United Industrial Corp
  • Roxy posts 7% rise in Q3 net profit
  • GLP posts 27% jump in Q2 profit
  • Hospitality sector
  • Sinarmas Land

Views, Reviews & Forum

  • Adjust property curbs to reflect how IT has changed market

Global Economy & Global Real Estate

  • Japan property market set to bubble again
  • NY condo builders target less-wealthy amid market turmoil
  • Airbnb rings up US$451.4m revenue in NY in a year
  • Australia on the cusp of new way to power homes
  • Carpark that creates shade... and power
  • KL set to sell state-owned land
  • More rooftop recreation in Japanese commercial buildings
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