Commercial Property
Lawsuit delays slashed Keppel's $290m gain from marina firm sale
Lawsuit delays slashed Keppel's $290m gain from marina firm sale
Keppel was now only able to complete the deal after a minority shareholder blocked the sale.
Oxley to launch up to 7 projects over 9 months
It is riding on the expected rise in Singapore’s property upcycle.
Two office floors in The Octagon for sale at $30.3m
Purchasers have the option to buy either individual or both floors, which could be used for mid-range space requirements.
Oxley sold Block D1 of Dublin Landings for $266.21m
It will be entitled to 77.53% of the price.
Mapletree Greater China Commercial Trust buys 6 Japan properties for $753.4m
These are expected to contribute 11% and 12% to its portfolio valuation and NPI.
JTC tenders Woodlands and Tuas South industrial sites
Woodlands Industrial Park is in the confirmed list, whilst the Tuas South Link plot is in the reserve list.
Far East Group sells headquarters for $27m
After the disposal, profits are expected to soar from $655,000 to $22.69m.
Developers teamed up to get hotly contested Holland Road site
All bidders except Singhaiyi formed teams of two to three and submitted more than one proposal.
Holland Road GLS site's quantum could hit $1b
It already attracted 15 bids, exceeding analyst expectations.
S-REITs are bottoming out
Investors are “tempted” to invest at lower prices, as yields have inched up by around 50bps to around 6%.
Can Perennial revive the ageing Capitol?
An analyst thinks the property could be valued at $1.143b but only if PREH works hard to revive it.
Developers' whopping profits beat S-REITs' earnings
The FSTREH’s 23.8% growth is larger compared to the FSTREI’s 12.8% rise even after Fed hikes.
Hongkong Land 2017 profits up 14% to $1.28b
They were boosted by higher rental income and development profits from China.
Chart of the Day: Mass market apartments are 2.4% cheaper in January-February 2018
The average price is $1,117 psf.
Residential development charge rates raised to 22.8%
The government lifted rates after the frenzied biddings for development sites both in the collective sales as well as GLS market.
Real estate giants choose startup route to chase startups
Co-working just grew up.
CityDev Q4 profit crashed 23.4% to $186.7m
It lost the revenue boost from Hong Leong City Center that it got in 2016.
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