News Articles for Fragrance Group

Question marks hang over the redevelopment of several derelict properties throughout the city.

Sales activity in Perth's new apartment market has slowed, as developers flag concerns about rapidly increasing costs amid competition with the residential housing construction sector.

Singaporean property developer Fragrance Group has purchased London Court for more than $28.3 million.

A series of large-scale residential and commercial projects are expected to get under way in Perth this year with a development pipeline nearing $2 billion in value.

International hotel chain Park Regis has pulled out of operating a just-built Subiaco hotel prior to its opening, with the developer behind the project seeking a new operator.

Accor has announced Novotel will operate the hotel component of Fragrance Group's NV Apartments and Hotel development, which will partially open later this month.

SPECIAL REPORT: Developers are leaving market uncertainty in the past and focusing on design and amenity to guide the next wave of Perth apartment projects.

Perth's hotels market has been tipped to be one of the weakest in the country in 2019, with average room rates, occupancy and revenue per room all forecast to fall during the next 12 months.

SPECIAL REPORT: Perth's hotel capacity has increased by about 30 per cent since 2012 and Business News has identified a further 3,150 rooms that are either under construction or committed, as the city's hotel sector is transformed.

Questions over the stability of Perth's office market have dogged the sector of late, but signs of an uptick in sentiment are emerging.

Singapore-listed Fragrance Group is one step closer to realising its $180 million vision for a two-tower hotel-cum-office and residential development in the CBD's west end, with the City of Perth giving the project the green light.

SPECIAL REPORT: Confidence is returning to the state's apartment market, with developers seeking to boost their project pipelines. Click through to see our map with 30 apartments projects across Perth and our updated ranking of Property Developers.

Hibernian Place is the latest development in a series of initiatives aimed at reactivating Perth's east end.

Perth's appetite for apartment living continued to increase in the last quarter of 2017, driven largely by new projects.

Perth's upcoming development pipeline has a distinctly international flavour.

Doubt has been cast over a wave of proposed apartment and hotel developments, with a patchy sales market forcing developers to apply for extensions to planning approvals for hundreds of millions of dollars' worth of projects.

National construction contractor Probuild has added another big-ticket contract to its growing portfolio in Western Australia, having been appointed to build the $200 million NV Apartments development on Murray Street.

Plans for what would become Perth's tallest building have been lodged for approval, with Singapore's Fragrance Group seeking to build a 62-level, 485-room hotel at St Andrew's Church on St Georges Terrace.

Lease Equity has signalled strong intentions to shake-up Perth commercial office sales, widening its focus outside of retail property by establishing a capital markets division headed up by industry stalwart Brett Wilkins.

SPECIAL REPORT: International players with big balance sheets are set to change the dynamics of Perth's apartment market.

Plans for another apartment tower of more than 50 storeys in the Perth CBD have emerged, with Singaporean developer Fragrance Group's $200 million Milligan Street proposal to vie for the title of Perth's tallest residential building.

It wasn't that long ago that a 30-storey apartment proposal was considered a bit of a stretch in Perth, but a spate of new projects is changing that.

Another major player has jumped into Perth's hotels boom, as competition to deliver new lodgings goes into overdrive.

SPECIAL REPORT: New players have big ambitions in Perth's apartment market, with listed company Finbar Group and Golden Group heading our ranking of the biggest developers.

SPECIAL REPORT: Developers say Perth's apartment market is the most challenging it's ever been, but that hasn't stopped a groundswell of interest in big projects. Click through to see our listing of Perth's 30 largest developments.

A Singaporean developer has spent nearly $24 million on a prime Perth CBD development site.

Singapore's Fragrance Group has won approval for a massive apartments and hotel complex on Murray Street, despite the City of Perth recommending it be refused planning approval.

Construction will begin shortly on a new 67-room hotel at the Melbourne Hotel in Perth's CBD, while international hotels and resorts chain Marriott will bring one of its branded hotels to Wellington Street, with both proposals being backed by Singapore-based developers.

Singaporean investors are driving a flurry of offshore activity in Perth's commercial, hotel and residential property sectors.

The residential component of the Kings Square precinct is to take shape in coming months, with Seven Group Holdings appointing architecture firm Woods Bagot to design two 50-storey apartment towers

Developers are stepping away from new office projects at the same time investment activity in Perth's CBD hits an all-time low.

Our annual Apartment Developers feature discusses the oversupply debate of apartments in Perth's inner city, the government's proposed changes to strata titles, and the next wave of demand for apartment projects.