Commercial Property
MCT secures $670m green club loan to finance MBC II buy
MCT secures $670m green club loan to finance MBC II buy
It marks the company’s first step to green financing.
FCT's NPI up 1.5% to $139.28m in FY2019
This was attributed to property expenses rising 1.7% YoY to $57.1m.
Chart of the Day: Check out the top office investments in Q3
The sale of Duo Tower & Duo Galleria to German and Hong Kong firms topped the list.
CapitaLand Mall Trust NPI up 17.6% to $144.2m in Q3
Income was boosted by contributions from Funan and Westgate.
Chart of the Day: Retail space supply to shrink in 2020-2021
Supply in the pipeline will go below the three-year average of 1 million sqft.
UOB and RHT Chestertons launch online commercial property indication guide
It claims to provide the value of a commercial property within a minute.
Chart of the Day: Industrial supply pipeline 40-50% lower than past years' averages
There are approximately 7.6 million sqft per annum in the pipeline until 2022.
Daily Briefing: Biotech firm Curiox Biosystems raised $20.45m in series B funding; GIC acquired Grade A office tower in Paris
And a Holland Road Shopping Centre carpark is up for sale at $32m.
Greater Southern Waterfront to spur massive gains for MCT
Majority of MCT’s portfolio is within the HarbourFront Area, including its crown jewel VivoCity.
Soilbuild Business Space REIT NPI up 8.3% to $53.6m in 9M 2019
The income boost came from higher contributions from Australian assets and business park Solaris.
Proceeds from REIT share sales hit all-time high of $3.1b
Increasing investor demand is pushing REITs on a fundrasing spree.
Keppel Corp profits crashed 29.7% to $159.28m in Q3
Pre-tax profit from its property division nearly halved to $123m amidst lack of divestment gains.
Property investment sales up 33.8% to $8b in Q3
Public investments surged thanks to more sales under the Government Land Sales programme.
Chart of the Day: CBD office supply could hit 4.6 million sqft in 4 years
New offices in the Marina Bay Area are expected to boost supply.
49-room hotel in District 14 valued at up to $25m
Bidding is set to close on Friday, 1 November.
MCT closes private placement at $458m
The total gross proceeds of the equity fund raising will be $918.5m.
Real estate investment sales leapt 53.7% to $11.2b in Q3
Deals in the hospitality sector surged five times over.
Read Here
Advertise
Sign Up
Commentary
What matters for Singapore’s AI future is consistency, not brilliance
The AI pilot worked. Now comes the real test
Are Singapore startups’ employee incentive plans still competitive?
Singapore’s small exporters need credit that matches their payment cycle
The hidden realities of succession for next-gen heirs
In Asia, fintech leaders must compete on credibility
F1 on a gravel road: Why AI is still stuck in first gear
Why AI blocklists give Singapore firms a false sense of security
When scale arrives before proof: Singapore’s capital allocation question in Southeast Asia
Rethinking fleet ownership in a changing business landscape