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Latest Property News

Development charge rates up 0.3% for non-landed residential use, 1.5% cut for commercial use

posted by The Business Times

IN tandem with the improving Singapore private housing market, the government has upped development charge (DC) rates for the landed and non-landed residential use groups for the half-year period starting March 1.

UOL full-year profit dives 97% to S$13m; better second-half more than offsets H1 loss

posted by The Business Times

UOL Group's FY20 net profit plunged 97 per cent to S$13.1 million, from S$478.8 million a year earlier.

Development charge rates raised 0.3% for non-landed residential use, cut 1.5% for commercial use

posted by The Business Times

THE Singapore government has cut the development charge (DC) rates for the commercial use group by an average of 1.5 per cent for the period March 1, 2021 to Aug 31, 2021.

Sias requests offer price revision, two-week extension for GL offer

posted by The Business Times

INVESTOR watchdog Securities Investors Association (Singapore), or Sias, has called for GL's offeror to " seriously reconsider" improving the offer price to reflect the true value of GL.

Sasseur Reit posts 18.8% rise in Q4 DPU to 1.935 S cents

posted by The Business Times

SASSEUR Real Estate Investment Trust (Sasseur Reit), which owns outlet malls in China, posted an 18.8 per cent rise in its distribution per unit (DPU) to 1.935 Singapore cents for the fourth quarter ended Dec 31, 2020, from 1.629 cents a year ago.

CDL charts next steps for Sincere, hotels after S$1.92b loss

posted by The Business Times

CITY Developments Limited (CDL) is focusing on a new chapter of growth and transformation, having booked substantial impairment losses on Sincere Property Group, hotels and investment properties.

Cromwell E-Reit raises 100m euros in private placement

posted by The Business Times

CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) has raised 100 million euros (S$160.5 million) from a private placement of 232.6 million new units, its manager said on Thursday.

New game plan needed for Orchard’s retailers

posted by The Business Times

Singapore’s iconic shopping belt Orchard Road has always been a popular haunt among tourists. As such, the vacancy rate has generally risen when tourism spend takes a hit.

JTC launches Woodlands Industrial Park site for application

posted by The Business Times

JTC on Tuesday launched one site for application under the first half of the 2021 industrial government land sales (IGLS) programme, announced the government agency on Wednesday.

Cromwell E-Reit to raise some 90m euros in proposed private placement

posted by The Business Times

THE manager of Cromwell European Real Estate Investment Trust (Cromwell E-Reit) on Wednesday proposed a private placement of between 200 million and 209.3 million new units, at an issue price of 43 to 45 euro cents per new unit, to raise at least 90 million euros (S$144.3 million) in gross proceeds.

ARA H-Trust posts US$3m net property loss for H2; no distributable income

posted by The Business Times

ARA US Hospitality Trust (ARA H-Trust) posted a net property loss of US$3 million and no distributable income for the second half ended Dec 31, 2020, after taking fixed costs into consideration.

PropNex Q4 profit falls 8.9% to S$7.5m

posted by The Business Times

REAL estate agency PropNex reported a fall in net profit to S$7.5 million for the fourth quarter of FY2020, 8.9 per cent lower from S$8.2 million for the same period a year ago.

CapitaLand sinks into the red with S$1.67b H2 loss on revaluation losses, impairments

posted by The Business Times

CAPITALAND has sunk into the red with a net loss of S$1.67 billion for the second half ended Dec 31, 2020, from a net profit of S$1.26 billion a year ago.

Frasers Property's rights issue not a clear win for all

posted by The Business Times

FRASERS Property's latest rights issue will provide much needed cash to the listed entity, but its value to shareholders, existing and potential, is questionable.

EC World Reit reports 5.5% decline in Q4 DPU

posted by The Business Times

EC World Reit's (ECW) distribution per unit (DPU) for the fourth quarter ended Dec 31, 2020 fell 5.5 per cent to 1.427 Singapore cents, from 1.51 cents a year ago.

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...

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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...