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A COUPLE of commercial property deals were sealed recently.

MAINBOARD-LISTED developer Chip Eng Seng on Thursday said that it plans to do a renounceable underwritten rights issue of about 156.5 million new shares at S$0.63 each, to raise net proceeds of about S$96.3 million for its expansion plans.

THE tender for a JTC industrial site at Senoko Drive will not be awarded after bids for the parcel came in below its reserve price.

SOILBUILD Business Space Reit (Soilbuild Reit) has launched a fully underwritten non-renounceable preferential offering to raise about S$101.8 million to fund an Australia property acquisition.

FIFTEEN strata offices at Peninsula Plaza have been put up for sale via tender with an indicative price of S$17.6 million, said exclusive marketing agent Cushman & Wakefield on Wednesday.

A FIVE-STOREY intermediate terrace factory at 9 Kaki Bukit Place has been put up for sale by expression of interest for an indicative price of S$5.5 million.

PARKLANE Shopping Mall along Selegie Road has 33 strata retail units located on the first-level basement of the mall put up for sale via an expression of interest exercise, with an indicative value of S$55.7 million.

RETAIL landlord SPH Reit has established a S$1 billion multicurrency debt issuance programme, with part of the proceeds to be potentially used for a possible acquisition.

DEVELOPERS' overall housing sales volume for July 2019 was their highest in 12 months.

A FIVE-STOREY intermediate terrace factory at 9 Kaki Bukit Place has been put up for sale by expression of interest for an indicative price of S$5.5 million.

FIFTEEN strata offices at Peninsula Plaza have been put up for sale via tender with an indicative price of S$17.6 million, said exclusive marketing agent Cushman & Wakefield on Wednesday.

PARKLANE Shopping Mall has 33 strata retail units located in the first level basement of the mall put up for sale via an expression of interest exercise, with an indicative value of S$55.7 million.

RETAIL landlord SPH Reit has established a S$1 billion multicurrency debt issuance programme, with part of the proceeds to be potentially used for a possible acquisition.

RECENT reports which dominate headlines reveal uncertainty and slower growth in the world's economy. The International Monetary Fund projects the global economy to grow by 3.3 per cent in 2019, and 3.6 per cent in 2020. This is slower than the 20-year average of 3.8 per cent per annum.

THE prospect of having public housing on the plum Keppel Club site after its lease expires in two years has excited property market watchers.