The Business Times
MAINBOARD-LISTED supermarket operator Sheng Siong Group is buying a strata-titled shop unit at New World Centre for a below-market value of S$17.25 million, it said on Friday.
The Business Times
EMBATTLED Eagle Hospitality Trust (EHT) is set to sell one of the last three hotels in its portfolio for a lower price, after an earlier attempt was aborted in May.
The Business Times
REAL estate salespersons in Singapore have been riding on Pasir Ris 8's wave this week to advertise increased prices of units at multiple private residential projects, including Penrose, Normanton Park and Treasure at Tampines.
The Business Times
OXLEY Holdings on Thursday said the creditors of a Pindan Group subsidiary have approved a proposed deed of company arrangement (DOCA) which will pave the way for a restructuring, returning it to a position of solvency.
The Business Times
CDL Hospitality Trusts' (CDLHT) distribution per stapled security (DPS) fell 19.2 per cent to 1.22 Singapore cents for its first half ended June 30, from 1.51 cents a year ago, citing post-rent restructuring, a low base effect from earlier losses and the absence of one-off contributions from a divestment in the first half of 2020.
The Business Times
FAR East Hospitality Trust's (FEHT) distribution per stapled security (DPS) rose 6.8 per cent to 1.10 Singapore cents for the half year ended June 30, 2021, compared to 1.03 cents for the year-ago period.
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CHINESE video-sharing app TikTok's recently appointed chief executive, Singaporean Chew Shou Zi, is understood to be in the early stage of buying a property in the Queen Astrid Park Good Class Bungalow (GCB) Area for S$86 million.
The Business Times
RETAIL landlord Starhill Global Reit (SGReit) has announced a distribution per unit (DPU) of 2.07 Singapore cents for the second half, including the amount deferred from the previous financial year under Covid-19 relief measures.
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FRASERS Hospitality Trust hotels' performance generally picked up from the start of the financial year to end-June, the manager said in a third-quarter update on Thursday.
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OUE Commercial Real Estate Investment Trust (OUE C-Reit) will make a first-half distribution per unit (DPU) of 1.23 Singapore cents, after having held back on a payout the year before.
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HONGKONG Land, a member of the Jardine Matheson Group, narrowed its net loss to US$863.2 million for the half-year ended June 30, from US$1.8 billion a year ago.
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THE Urban Redevelopment Authority (URA) on Thursday said it awarded the tender for Lentor Central site to GLL D Pte Ltd. This comes nearly a week after the tender closed with nine bids.
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ELECTRIC car maker Tesla has leased a building in Toa Payoh Lorong 8's industrial area for its showroom, corporate office and service centre.
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Keppel Land China will divest 100 per cent of its equity interest in Chengdu Shengshi Jingwei Real Estate through its subsidiary Hillwest for approximately 1.6 billion yuan (S$324 million).
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CAPITALAND China Trust (CLCT) has announced a distribution per unit (DPU) of 4.23 Singapore cents for the first half ended June 30, up 40.1 per cent from a DPU of 3.02 cents in the year-ago period, despite an enlarged unit base.
The Business Times
ESR-REIT'S trustee has launched and priced S$125 million of unsecured fixed-rate notes due 2026 at 2.6 per cent per annum, the real estate investment trust's (Reit) manager said in a bourse filing on Thursday.
The Business Times
THE Pasir Ris 8 project launched for sale just last weekend offers fresh evidence of continued strength in the Outside Central Region (OCR) segment for private homes.
The Business Times
THE Big Four real estate agencies in Singapore - PropNex Realty, ERA Realty Network, OrangeTee & Tie and Huttons Asia - are likely to continue attracting more salespersons, while smaller players face higher attrition rates and costs.
The Business Times
BUSINESS park landlord Ascendas India Trust will make a distribution per unit (DPU) of 4.20 Singapore cents for the first six months, the manager said on Wednesday.
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CGS-CIMB Research and OCBC Investment Research are lowering their target prices for Mapletree North Asia Commercial Trust (MNACT), on the back of weaker rental reversions amid a cautious retail environment.
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PROPERTY consulting group Savills Singapore announced on Wednesday that it has launched the public tender of Flynn Park, located at 18 to 22 Yew Siang Road, a freehold elevated residential site about 350 metres from Pasir Panjang MRT station.
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LOGOS and French energy company Engie on Wednesday said they will build a regional renewable energy platform to provide solar generation and renewable energy options for the former's Asia-Pacific portfolio.
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KEPPEL Pacific Oak US Reit (KORE) is proposing to acquire two office assets in the US for a total of US$105.1 million, the Reit manager announced on Wednesday morning.
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CAPITALAND Integrated Commercial Trust (CICT), formerly known as CapitaLand Mall Trust, has posted a 75 per cent increase in distribution per unit (DPU) to 5.18 Singapore cents for the first half ended June 30, 2021 from 2.96 cents for the year-ago period.
The Business Times
AIMS Apac Reit's distribution per unit (DPU) rose by 12.5 per cent to 2.25 Singapore cents for its first quarter ended June 30, 2021, from two cents for the same period a year ago.
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KTL Global has entered into a non-binding memorandum of understanding with Warehouse Logistics Net Asia to acquire an industrial property at Tuas for S$6 million as the company diversifies into the distribution business.
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THE multiple price revisions for the newly launched Pasir Ris 8, which irked some prospective buyers over the weekend, could adjust expectations for suburban residential projects, especially when other developers relook at their own pricing, analysts say.
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REAL estate developer Oxley Holdings on Tuesday announced that it obtained temporary occupation permits (TOP) for two more Singapore residential development projects, Sea Pavilion Residences and Sixteen35 Residences, last month.
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MAPLETREE Industrial Trust has bumped up first-quarter distribution per unit (DPU) to 3.35 Singapore cents, including an advanced distribution announced in end-May.
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SINGAPORE'S property auction market saw 200 listings in Q2 2021, marginally down 0.5 per cent or one less listing than that of the previous quarter, even amid heightened restrictions during parts of May and June.
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PARKWAY Life Real Estate Investment Trust (Parkway Life Reit C2PU ) on Tuesday posted a 0.7 per cent rise in distribution per unit (DPU) to 3.38 Singapore cents for the second quarter ended June 30, 2021, from 3.36 cents the year before.
The Business Times
CAPITALAND subsidiary Ascott Residence Trust (ART) on Tuesday reported a 95 per cent increase in its distribution per stapled security, at 2.05 Singapore cents - up from 1.05 cents for the year-ago period.
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LIPPO Malls Indonesia Retail Trust (LMIRT) plans to pay a second-quarter distribution per unit (DPU) of 0.09 Singapore cent, down from 0.11 cent the year before.
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CDL Hospitality Trusts (CDLHT) is revising its principal investment strategy to include rental housing, student accommodation and senior housing assets, triggered by the pandemic's severe impact on the hospitality sector.
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MALL and office landlord Mapletree North Asia Commercial Trust (MNACT) saw its first-quarter net property income lifted by contributions from a new asset in Japan, the manager said in an update on Monday.
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KEPPEL DC Reit is acquiring its first data centre in China for 635.9 million yuan (S$132 million), its manager said on Monday as it announced a 12.5 per cent growth in distribution per unit (DPU) to 4.924 Singapore cents for the first-half ended June 30, 2021.
The Business Times
OFFICE-FOCUSED Keppel Pacific Oak US Reit (KORE) on Monday announced a half-yearly distribution per unit (DPU) of 3.16 US cents, up from 3.10 US cents the year before.
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THE Housing Development Board (HDB) is expecting to launch at least 17,000 Build-to-Order (BTO) flats in 2022, Minister for National Development Desmond Lee has said.
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PHILLIP Securities, CGS-CIMB have maintained "buy" on Frasers Centrepoint Trust (FCT) on its resilient retail portfolio, even as Singapore returns to Phase 2 (Heightened Alert) measures to curb the spread of Covid-19.
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SINGAPORE sovereign wealth fund GIC will acquire a portfolio of 11 Travelodge hotels in Australia with global private markets firm Partners Group and Australian hospitality operator Salter Brothers, Partners Group said in a statement on Friday.
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SMALLER retailers and eateries could increasingly be replaced in malls by big brands with the wherewithal to capitalise on rental declines.
The Business Times
IN Singapore, the suite of iEdge S-Reit Indices measures the performance of Reits listed on SGX. The suite comprises the iEdge S-Reit index, widely regarded as one of S-Reits' barometers, and a narrower subset of it, the iEdge S-Reit Leaders Index.
The Business Times
CONDOMINIUM Pasir Ris 8 has sold 415 units or 85 per cent of the total inventory of 487 apartments over its launch weekend, developer Allgreen Properties disclosed in response to queries from The Business Times on Sunday.