New Reit index by SGX and UOBAM tracks environmentally positive Reits

posted by The Business Times

A NEW real estate investment trust (Reit) index that tracks environmentally-positive Reits was launched on Friday (Oct 15) by the Singapore Exchange (SGX) and UOB Asset Management (UOBAM).

New private home sales fall 31.4% in September

posted by The Business Times

SINGAPORE new private home sales continue to trend downwards. Developers sold 834 homes in September, down 31.4 per cent from August's 1,216 units, URA data showed on Friday (Oct 15).

ESR-Reit, ARA Logos propose S$1.4b merger

posted by The Business Times

THE managers of ESR-Reit and ARA Logos Logistics Trust (ARA Logos) have proposed a S$1.4 billion merger, where ESR-Reit will acquire all of ARA Logos' units in exchange for a combination of cash and new units.

Porcelain Hotel in early stage of being sold for about S$90m

posted by The Business Times

IN ONE of the largest deals in the Singapore conservation shophouse market, Porcelain Hotel - comprising 12 contiguous four-storey shophouses along Mosque Street - is in the early stage of being transacted at about S$90 million, The Business Times understands.

Family of Kopitiam King buys Lornie Road GCB for S$26.8m

posted by The Business Times

THE family of Lim Bee Huat of Kopitiam King fame is buying a fairly new bungalow along Lornie Road for S$26.8 million.

Construction firm Keong Hong clarifies increase in pay for former general manager

posted by The Business Times

THE increase in the annual aggregate remuneration paid to 2 key management personnel of Keong Hong Holdings, as cited in an article in The Business Times (BT), was primarily due to remuneration paid to its former general manager of operations, Sebastian Loo.

S-Reits' data centres, logistics properties may see their values improve: IREUS

posted by The Business Times

MORE volatility may be in store for valuations of retail, office and hospitality properties, while data centres and logistics assets will likely see their values improve in tandem with the growing need for digital solutions and supply-chain resilience.

GB Building unit owners eyeing collective sale

posted by The Business Times

SOME subsidiary proprietors of GB Building, located at 143 Cecil Street in the Central Business District, are aiming for a collective sale of the commercial development.

Singapore new private home sales down 32.3% to 823 in September

posted by The Business Times

NEW private home sales continued to ease in September following August's drop. Based on caveats lodged, analysts estimated that developers in Singapore sold 823 new private homes in September, down 32.3 per cent from August's 1,215 units.

Record year predicted for APAC cross-border real estate investment in 2022

posted by The Business Times

IT will be a record year for cross-border real estate investment in 2022 in the Asia Pacific (APAC) region, with investment volumes expected to grow by a third, said Knight Frank on Wednesday (Oct 13).

CLCT prices private placement at bottom end of price range, exercises upsize option

posted by The Business Times

CAPITALAND China Trust (CLCT) on Wednesday priced its private placement at S$1.165 per new unit, which is the bottom end of the price range.

Aims Apac Reit posts 18.8% rise in H1 DPU to S$0.0475

posted by The Business Times

AIMS Apac Real Estate Investment Trust's (AA Reit) distribution per unit (DPU) rose by 18.8 per cent to 4.75 Singapore cents for the first half ended Sep 30, 2021, from 4 cents a year ago.

Singapore condo resale volumes drop 3.8% in Sep: SRX

posted by The Business Times

SINGAPORE resale condominium volumes dipped in September after rising in August and July, while prices continued to rise for the 14th straight month, according to flash figures from SRX Property on Tuesday.

Holland Hill Lodge up for collective sale at S$25.8m

posted by The Business Times

HOLLAND Hill Lodge, a freehold residential development site at 5 Holland Hill, has been put up for collective sale via a public tender exercise.

Property may no longer be pot of gold for retirement, says DBS

posted by The Business Times

PROPERTY has been a golden wealth accumulation strategy for earlier generations of homeowners, as many have seen the value of their homes and property investments grow by multiple folds over the years.

National monument House of Tan Yeok Nee put on the market again for S$92m

posted by The Business Times

THE House of Tan Yeok Nee , a gazetted national monument at the junction of Penang Road and Clemenceau Avenue, has been put up for sale via expression of interest with an indicative price of S$92 million.

Ascott to manage Sun Group serviced residences in Vietnam

posted by The Business Times

THE Ascott Limited is partnering Sun Group, one of Vietnam's largest real estate developers, to manage 1,905 units across 3 serviced residences within the latter's Tay Ho View Complex in Hanoi.

Singapore condo resale volumes drop 3.8% in September: SRX

posted by The Business Times

SINGAPORE resale condominium volumes dipped in September after rising in August and July, while prices continued to rise for the 14th straight month.

CLCT to raise S$120m to fund S$297.7m acquisition of 4 China logistics assets

posted by The Business Times

CAPITALAND China Trust (CLCT) will spend S$297.7 million to acquire 4 assets in Shanghai, Kunshan, Wuhan and Chengdu, in its first foray into the China logistics sector, its manager said on Tuesday (Oct 12).

Tuan Sing prices S$200m notes due 2024 at 6.9%

posted by The Business Times

TUAN Sing Holdings has priced S$200 million in notes due 2024 at 6.9 per cent, to be issued under its S$900 million multi-currency medium-term note programme established in Feb 2013.

Weak case for consolidation within Temasek's property stable

posted by The Business Times

A RUNDOWN of Temasek Holdings' stakes in the property stable here may raise questions, from time to time, if any consolidation is due.

Dathena's win against JustCo: Will it trigger more such cases?

posted by The Business Times

CYBERSECURITY firm Dathena Science's victory in its lawsuit against co-working operator JustCo (Singapore) has sparked chatter in the legal community and the commercial leasing scene.

Indonesian tycoon Tahir enters into nearly S$260m purchase of strata units in freehold Robinson Road building

posted by The Business Times

INDONESIAN tycoon Tahir is in the early stage of buying some 70,700 sq ft of freehold strata space - mostly offices - at Crown At Robinson for nearly S$260 million, The Business Times understands.