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Latest Property News

Hot stock: Alset up 19% after Tesla partnership announcement

posted by The Business Times

ALSET International, the Catalist-listed property investment and development company formerly known as Singapore eDevelopment, was up after its Monday filing on its partnership with electric vehicle (EV) company Tesla to deliver its first 20 eco-friendly homes in the Houston area of Texas.

Cromwell E-Reit to divest light industrial asset in France for 5.8m euros

posted by The Business Times

CROMWELL European Reit (Cromwell E-Reit) has agreed to sell its Parc de Popey asset for 5.8 million euros (S$9.3 million) in cash to an affiliate of "one of Europe's leading boutique real estate investment funds", according to its manager.

Hatten Land partners The Medici-Watermark to manage its three malls in Melaka

posted by The Business Times

HATTEN Land has entered into a memorandum of understanding with The Medici-Watermark (TMW) to manage three of its malls in Melaka, Malaysia, the group announced in a stock exchange filing on Tuesday morning.

Alset partners Tesla to deliver first 20 eco-friendly homes in Texas

posted by The Business Times

ALSET International, the Catalist-listed property investment and development company formerly known as Singapore eDevelopment, has partnered Tesla to deliver its first 20 eco-friendly homes (Ehomes) in the Houston area of Texas.

Have Singapore office rents bottomed?

posted by The Business Times

AMID an improvement in business confidence, Singapore's Grade A CBD office rentals posted their first uptick after five consecutive quarter-on-quarter drops since the Covid-19 outbreak began, going by preliminary data from JLL.

Post-pandemic, will heartland malls stay resilient?

posted by The Business Times

TAMPINES Mall in Tampines and Junction 8 in Bishan are among Singapore's most prominent heartland malls. The duo were part of the portfolio of Singapore's first real estate investment trust (Reit) CapitaMall Trust, when it listed in 2002.

70% of Asia-Pacific corporations willing to pay more rent for green buildings: JLL

posted by The Business Times

SEVEN in 10 corporations in Asia-Pacific are willing to pay higher rents to lease sustainability-certified buildings in the future, according to JLL's new report released on Monday.

Bigger homes, co-working spaces in public libraries among ideas for new urban normal

posted by The Business Times

THERE is room to explore whether current residential unit configurations and sizes are suitable for the home to be a refuge in times of crisis, or conducive for new living and working patterns, the Centre for Liveable Cities (CLC) said.

Singapore needs land that can be easily converted to other uses: Desmond Lee

posted by The Business Times

IT is important for Singapore to be adaptable in its city planning and to maintain a liveable and connected environment, as seen from the Covid-19 pandemic.

Ascott to buy two properties in Paris, Hanoi for S$210m via private equity fund

posted by The Business Times

THE Ascott will spend S$210 million to acquire two properties in France and Vietnam through the Ascott Fund Serviced Residence Global Fund (ASRGF), its private equity fund with Qatar Investment Authority.

China Reits could give S-Reits some competition

posted by The Business Times

CHINA real estate investment trusts (C-Reits) might give Singapore Reits (S-Reits) a run for their money, given the vast properties in the North Asian country that could be injected as assets.

KGI positive on IReit's Decathlon acquisition in France, initiates with 'outperform'

posted by The Business Times

KGI Securities has initiated "outperform" on IReit Global with a target price of S$0.69, saying that the proposed Decathlon acquisition will likely provide the real estate investment trust (Reit) with further reduction of its tenant and geographical concentration risk, while potentially achieving...

IOI Properties said to have triggered Marina View plot

posted by The Business Times

AN ENTITY linked to IOI Properties Group has been tipped as the party that triggered the white site in Marina View from the reserve list of the first-half 2021 Government Land Sales Programme.

Park Hotel Management's creditor files winding-up application

posted by The Business Times

A CREDITOR is seeking to wind up Park Hotel Management, which used to own Asian hospitality player Park Hotel Group.

Brokers' take: CGS-CIMB says SPH could see new substantial shareholder, unlock assets

posted by The Business Times

THE next possibilities for Singapore Press Holdings (SPH) may include the emergence of a substantial shareholder and the unlocking of value from its assets, CGS-CIMB suggested.

Prime US Reit in talks with WeWork on proposed lease restructuring

posted by The Business Times

CO-WORKING space operator WeWork has approached Prime US Reit with a proposal to restructure its lease at the latter's Class A office property in California, and discussions are ongoing.

Singapore among key drivers of surge in demand for life sciences real estate: CBRE

posted by The Business Times

Singapore is among key drivers of a surge in demand for life sciences real estate in the Asia-Pacific (Apac) due to its competitive life sciences sector, said CBRE Research in a report.

Brokers' take: Analysts positive on Suntec Reit's sale of Penang Road asset

posted by The Business Times

ANALYSTS are positive on Suntec Real Estate Investment Trust's (Suntec Reit) recently announced divestment of its 30 per cent stake in 9 Penang Road to its joint venture partner, Haiyi Holdings.

EH-Reit receives US$153.9m in net proceeds from sale of five Chapter 11 assets

posted by The Business Times

EAGLE Hospitality Real Estate Investment Trust (EH-Reit), which is part of Eagle Hospitality Trust (EHT), has received net proceeds of about US$153.9 million following the sale of five Chapter 11 properties.

Ascendas Reit trustee prices 300m euros of 0.75% notes due 2028

posted by The Business Times

ASCENDAS Real Estate Investment Trust's (Ascendas Reit) trustee on Wednesday priced 300 million euros (S$480.8 million) in notes due 2028, the manager said in a bourse filing on Thursday.

F&B outlets may rethink real estate footprint as online sales grow

posted by The Business Times

THE surge in online sales of food and beverage (F&B) is likely to slow down but prime mall space may, nonetheless, fall out of favour as cloud kitchens become more popular.

Soilbuild Construction unit receives writ of summons from condo developer

posted by The Business Times

SOILBUILD Construction Group's wholly-owned subsidiary, Precast Concrete Builders (PCB), on Tuesday received a writ of summons and a statement of claim filed in the High Court of Singapore.

Suntec Reit sells 30% stake in new 9 Penang Road building

posted by The Business Times

SUNTEC Real Estate Investment Trust (Suntec Reit) has sold its 30 per cent interest in 9 Penang Road, formerly known as Park Mall, to Haiyi Holdings.

Innopac to delist on June 30, no exit offer received

posted by The Business Times

TROUBLED Innopac Holdings will be delisted from the Singapore bourse at 9am on June 30.

Millions of dollars in notes held by pioneer members of Peter Kwee's Laguna still unpaid

posted by The Business Times

HUNDREDS of Laguna National's pioneer members who collectively took up tens of millions of dollars in debentures to help finance the construction of the golf club are at a loss as to whether they will get their money back.

Local data centre provider Digital Edge acquires Indonesia's Indonet for US$165m

posted by The Business Times

SINGAPORE-BASED data centre provider Digital Edge on Tuesday announced that it has acquired a controlling interest in Indonesian digital infrastructure service provider Indonet for US$165 million.

ART, Ascott to jointly invest, develop South Carolina student housing asset for US$109.9m

posted by The Business Times

ASCOTT Residence Trust (ART) and its sponsor The Ascott will jointly invest and develop a 678-bed freehold student accommodation asset in South Carolina for US$109.9 million.

URA releases two land parcels at one-north's Slim Barracks Rise for sale

posted by The Business Times

TWO residential with commercial at first storey land sites at Slim Barracks Rise were released for sale on Tuesday, under the confirmed list of the first half 2021 government land sales (GLS) programme, announced the Urban Redevelopment Authority (URA).

Ascott to open lyf co-living property in Fukuoka

posted by The Business Times

CAPITALAND'S The Ascott on Tuesday said it will be opening its first lyf-branded co-living property in Japan on Wednesday.

S$300m site near Botanic Gardens stirs interest as GCB market continues to sizzle

posted by The Business Times

AMID the current sizzling Good Class Bungalow (GCB) market, a plum property just a stone's throw from the Singapore Botanic Gardens has been generating much interest.

Mapletree Industrial Trust closes S$310.4m preferential offering

posted by The Business Times

MAPLETREE Industrial Trust's (MIT) non-renounceable preferential offering at S$2.64 per unit was 176.3 per cent subscribed.

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.

Learn More...

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...