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Latest Property News

Hot stock: SPH rebounds as much as 5.6% in early trading

posted by The Business Times

SHARES of Singapore Press Holdings (SPH) rebounded as much as 5.6 per cent on Monday. This was after falling on Friday on news of the group's proposed restructuring.

Two South Bridge Road commercial buildings for sale with S$45m indicative price

posted by The Business Times

MARKETING agent Colliers International is putting up a pair of adjoining freehold six-storey commercial buildings for sale via an expression of interest (EOI) on May 11.

Is ESR-Reit on a road to redemption?

posted by The Business Times

A STRING of growth initiatives unveiled by ESR-Reit last week, including an equity fund raising, was met by a sell-off in the market.

China poised to drive economic growth

posted by The Business Times

IT has been over a year since China lifted Wuhan's lockdown. The world's second largest economy announced an 18.3 per cent expansion in gross domestic product (GDP) for the first quarter of 2021 from a year ago. Growth was driven by strong domestic retail sales and exports.

Over 80% of first phase of One Bernam units sold

posted by The Business Times

OVER 80 per cent of the first phase of 100 units of One Bernam was snapped up over its launch weekend, said MCC Group and HY Realty in an announcement.

ESR-Reit drops as much as 9.8% after proposed acquisitions, fundraising

posted by The Business Times

SHARES of ESR-Reit fell by 9.8 per cent amid heavy trading, one day after the manager announced plans to raise about S$150 million to fund a Singapore acquisition and asset enhancement initiatives (AEIs)

Hot stock: ESR-Reit tumbles as much as 9.8% after proposed acquisitions, fundraising

posted by The Business Times

SHARES of ESR-Reit hit a five-month low on Friday amid heavy trading, one day after the manager announced plans to raise about S$150 million to fund a Singapore acquisition and asset enhancement initiatives (AEIs).

Maxwell House collective sale tender awarded for S$276.8m

posted by The Business Times

SUBSIDIARIES from SingHaiyi Group, Chip Eng Seng Corporation and Hong Kong-listed Chuan Holdings on Friday jointly won the collective sale tender for Maxwell House at a price of S$276.8 million.

Lendlease Global Reit's Q3 portfolio occupancy holds steady at 99.7%

posted by The Business Times

LENDLEASE Global Commercial Reit (Lendlease Global Reit) on Friday said its portfolio occupancy stood at 99.7 per cent as at March 31, down by a marginal 0.1 percentage point on year and unchanged from the previous quarter.

ESR-Reit prices private placement at 37.2 S cents, 3.4 times subscribed

posted by The Business Times

ESR-REIT'S private placement to raise S$100 million was 3.4 times subscribed following a book-building process, the manager said on Friday. The upsized option was also fully exercised.

Outlook positive for business parks but location matters

posted by The Business Times

Business parks have proven to be more resilient than other subsectors in the industrial space. Data from JTC shows that while the rental index for all industrial spaces sank 14.4 per cent between Q2 2014 and Q1 2021, business parks bucked the trend by rising 5 per cent. This was due in part to li...

Pair of adjoining conservation shophouses at Neil Road up for sale

posted by The Business Times

TWO adjoining three-storey conservation shophouses at 73 and 75 Neil Road have been put up for sale via expression of interest with a collective guide price of S$30 million, said exclusive marketing agent CBRE on Thursday.

Brokers' take: Analysts raise AA Reit target price; conversion of assets to data centres a positive surprise

posted by The Business Times

IN the case where AIMS Apac Reit (AA Reit) converts several assets into data centres once the moratorium is lifted, the real estate investment trust's value will be enhanced and well supported by unitholders, DBS Group Research said in a Thursday report.

ESR-Reit to raise S$150m as it acquires Singapore, Australia assets

posted by The Business Times

ESR-REIT is looking to raise about S$150 million via a private placement and preferential offering to fund its S$119.2 million acquisition of a Tanjong Penjuru logistics facility, as well as asset enhancement initiatives for properties in Tai Seng and Ang Mo Kio.

Frasers Logistics & Commercial Trust H1 DPU up 9.5% to 3.8 S cents post merger

posted by The Business Times

FRASERS Logistics & Commercial Trust (FLCT) on Thursday posted a 9.5 per cent rise in distribution per unit (DPU) to 3.8 Singapore cents for the first half ended March 31, from 3.47 cents for the comparative period the year before.

Latest Blogs

Republic Plaza reopens after S$70m revamp

THU, SEP 26, 2019 - 5:50 AM 21

CITY Developments Limited (CDL) on Wednesday unveiled the revamped Republic Plaza, its flagship property in Raffles Place, following an extensive S$70 million asset enhancement initiative (AEI) which started in April 2018.

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Braddell View mega site relaunched for en bloc sale at same reserve price of S$2.08b

TUE, AUG 13, 2019 - 1:19 PM 21

SINGAPORE'S largest private residential site - Braddell View estate - has been relaunched for collective sale by tender...

Learn More...

Pine Grove's tender ends with no takers

WED, APR 24, 2019 - 5:50 AM 21

PINE Grove's S$1.86 billion mega collective sale tender ended on Tuesday with no bidders.

Learn More...