Shell Cove’s Waterfront Tavern site sold following tender Shell Cove’s Waterfront Tavern is a step closer to welcoming its first customers after exclusive agency HTL Property announced the sale of the site to the locally based Balmoral Hospitality Group. “On behalf of our clients Shellharbour City Council...
CapitaLand's Raffles City Chongqing draws over 900,000 visitors in weekend launch Tenants include Old Navy, GAP, Haidilao, CGV and Jiwu by Suning. CapitaLand’s Raffles City Chongqing in China drew over 900,000 visitors in its opening weekend. The 1.12 million sqm mall has achieved a 95% committed...
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...
PropertyGuru eyeing $378m IPO in Australia: Sources PropertyGuru Group is targeting an Australian initial public offering, which could raise up to A$400m (S$378.4m) this year. This comes as four directors - including company co-founder Jani Rautiainen, who continues to be a shareholder - retire from the...
Could rooftop gardens save our cities from climate change? ABC News - Sep 6, 2019 Australian cities are heating up, with an alarming report this year finding temperature increases from climate change and urban growth will make Brisbane "a difficult place" to live by 2050....
The following are a selection of charts from UBS that show the state of the Singapore property market. Summary The housing market remains weak as cooling measures continue to bitePricing power of developers are gradually weakeningSales volume of new condominiums are...
OUE Commercial REIT (OUECT) and OUE Hospitality Trust (OUEHT) in proposed merger to create one of the largest diversified S-REITs with total assets of S$6.8b, according to company announcements. OUECT will offer to buy OUEHT in a cash and stock deal , offering...
Citi’s Take – We provide key investors’ feedback on CapitaLand’s acquisition of Ascendas-Singbridge (ASB) from its attendance at Citi’s 24th Annual Global Property CEO Conference in Miami last week, as well as our marketing in Europe, Hong Kong, Malaysia, Singapore, Thailand and US following the publication of...
ESR Cayman Ltd. confirmed that it has filed the papers for its proposed IPO on the Hong Kong stock exchange. The Asia Pacific-focused logistics real estate developer filed the application proof for the float March 1. Details of the IPO — such as the...
Brookfield Property Partners LP appointed JLL and Cushman & Wakefield to oversee its divestment of a 50% stake in an A$800 million office development planned at Elizabeth Quay precinct in Perth, Australia, The Australian reported. The market-bound 30-story project that will span 52,000 square...
Amber Park by CDL - Freehold development with seaview Amber Park is an exciting upcoming freehold development located along Amber Road in District 15. It comprises of 592 units from 1 bedroom to 5 bedrooms, with majority of the units having unblocked views...
Riviere condo by Frasers Property at Jiak Kim. Your ticket to riverside city living.
Quoting the Urban Redevelopment Authority's (URA) fourth quarter 2018 housing statistics, Morgan Stanley reports that unsold inventory rose, but they think it is temporary. While vacancies fell faster than they expected, it did not translate into higher rents. Home prices fell...
Exclusive * SoftBank Group Corp. is believed to be in negotiations to invest US$2 billion in WeWork Cos. Inc. in 2019. The potential investment is lower than the US$16 billion earlier reported to be earmarked by the Japanese multinational conglomerate for the American co-working space provider. * Singaporean property developer CapitaLand...
Morgan Stanley hosted CEO Mr Lee Chee Koon and senior managers for an investor meeting. Key takeaways CapitaLand is working towards double-digit ROE from current 8% Leveraging on technology to improve productivity and tenant connectivity across mall, office and serviced residence properties Optimistic on Vietnam with contributions rising to S$100m...