Random info on Centum:
Looks like they are going into high-end property market in a big way
Two rivers phase I=Two rivers mall to be to open in October 2015:
Funding:
Chinese 6.8 billion for a 38.9% ownership
ICDC 462 million for a 23% ownership (sweet deal)
Coop loan 7.2 billion
Tenants: 60% booked by international high-end retailers
Two rivers phase II=Flats. Construction to begin in August and Open in Dec 2016.
Cost=3.8 billion for 108 flats (funders unclear from article)
Not sure whether they will sell these flats or rent them…
Question is: isn't the property market getting crowded? It seems like everybody and their pet are building a mall and/or flats.