SingLand reveals high hopes for Bright Hill Drive site launch

It is 50% co-owned with UOL.

According to DBS, more new launches are coming in the following quarters. Going forward, DBS believes the progressive launch of The Jervois as well as recognition of progressive billings from Archipelago would underpin residential contributions.

The planned new launch of the Bright Hill Drive site (50% co-owned with UOL) should also lift residential contributions in 2H13.

Here's more from DBS:

Strong recurrent income from hotel and office portfolio. Office leasing income should remain relatively stable on the back of a deceleration in the decline in spot rents with lesser new incoming supply in the CBD area this year.

In terms of hotel operations, we believe that the post the AEI, the Pan Pacific Hotel, would continue to ramp up its operations while the Marina Mandarin and Oriental are enjoying robust take up and room rates.

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