Capitaland retail china trust released their quarterly results on 27 July 2017, and reception by analysts have been good. On most fronts, there has been an improvement in performance, on a portfolio aggregate basis and at the individual property. Here are three main takeaways that investors should know from the...
“There They Go Again . . . Again” of July 26 has generated the most response in the 28 years I’ve been writing memos, with comments coming from Oaktree clients, other readers, the print media and TV.  I also understand my comments regarding digital currencies have been the subject...
According to Morgan Stanley, Indonesia is only five years behind China in terms of e-commerce penetration. The bank estimates e-commerce sales will cross US$50b by 2023, implying a 32% CAGR. In a Jan 2019 report, Morgan Stanley, through their AlphaWise proprietary survey, reports that...
Which are the best performing Singapore REITs since the beginning of this year? This post will answer that. First up, a chart speaks a thousand words. REITs returned an average of 20% since the beginning of 2017. That's the dotted red line. Good for you and you did better than average if you...
Dasin Retail Trust, a China retail focused real estate trust, recently held an investor presentation for clients of Phillip Capital. Here are the key takeaways from the presentation. Geographic focus Dasin Retail Trust's focus is on the Guangdong-Hong Kong-Macau Great Bay Area. According to the REIT manager, this bay area is comparable to...
In 2018, Chancery Court (a former Housing And Development Urban Company) was sold for $401.78 million. In its place, a posh new condo at Dunearn road will be built, and is currently scheduled for launch in the 2nd quarter of 2020. Located...
The following is an excerpt of a research report from CIMB. 2Q/1H18 DPU of 1.06 Scts/2.18 Scts was in line with our estimates, at 24%/49% of our FY18 forecast. Slight dip in committed portfolio occupancy to 95.2%. OUEB and LP enjoyed positive rental reversion on the back of rising...
Midtown Modern is an upcoming new condo at Tan Quee Lan Street, located on top of Bugis MRT. It is slated as mixed use development located at a hip, urban and trendy area in Bugis. It was won on 5 September 2019...
Frasers Property closes €285M European deal for 22-asset portfolio Frasers Property Ltd. completed the acquisition of a 94% stake in AI Gewerbepark Tamm GmbH, marking the closing of a €285.2 million deal signed in February for a portfolio of properties in Germany and Austria. The first phase of the acquisition closed...
On the back of MLT's acquisition of Tsing Yi warehouse in Hong Kong, I thought I'd do a comprehensive "How to" on understanding the announcement they put out and what it means for investors. I will point out the implications of certain portions for investors and briefly explain how the...
In the year-to-date, the SGX S-REIT Index has generated a 15.5% price gain and 21.2% total return (inclusive of dividends), compared to the benchmark STI’s 15.6% price gain and 19.0% total return. Singapore’s 3-month SIBOR has gained 16.2% in the same period. In theory, a rise in interest...
The sale of City Towers, a development in the Bukit Timah area, was completed in August 2019 for $401.9 million. https://www.youtube.com/watch?v=w-l6Gg8i2vY A new freehold condo along Bukit Timah Road will be built in its...
ACJC, one of Singapore's Top JCs Residents at One North Gateway condo can also indulge in a variety of retail therapy/hang out options not commonly found in other parts of Singapore. Nearby supermarkets at The Star Vista, Holland Village...
In this blog series, we invite real estate industry professionals to share their personal experiences. Names and identifying details have been changed to protect the privacy of individuals. In December 2017, I received an enquiry from a client by the name of Claire. She and her husband had just met their...
Linq at Beauty World is an upcoming mixed freehold development situated at the premium Bukit Timah area. https://www.youtube.com/watch?v=RUqXx-vkLI4 Given its optimal location, and as one of the rare mixed developments in the vicinity, Linq at Beauty World is...