AREIT's proposed $1.66bn acquisition and fund raise AREIT has announced the acquisition of a portfolio of 28 business parks in the US and two BPs in Singapore from its sponsor CapLand, for a combined S$1.66bn (S$1.71m incl transaction cost).  The US portfolio makes up...
Cyber-security label for smart home devices A cyber-security label similar to the energy-efficiency labels on home appliances will be rolled out to help buyers of smart devices better judge how exposed they are to cyber risks. This label will be stuck on Wi-Fi...
Puma to lease $25m Melbourne warehouse from Frasers Frasers Property Australia has secured global sports brand Puma as a tenant in a new A$25m speculatively built warehouse in Melbourne's south-east, highlighting the strong demand for logistics space from retailers. “Our strategy to build several...
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....
Capitaland released a respectable set of results for 2Q2018. The following are excerpts from various equity research houses on the company's performance. CapitaLand reported 2Q18 net profits of S$605.5m, EPS of 14.4cts, +5.1% YoY. Core net profit of S$196.0m (-5.6% YoY) was below our expectation of S$226m, due mainly to...
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...
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...
According to PERE, JPMorgan Asset Management will be welcoming foreign investors for the first time in its flagship real estate fund, the JP Morgan Strategic Property Fund (SPF). SPF currently has a net asset value of approximately $33b and gross asset value of approximately $43b. (adsbygoogle...
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...
BUSINESSES that apply to defer payments for their secured property loans, as well as property owners doing so for residential mortgages, will not be subject to the total debt servicing ratio (TDSR), the Monetary Authority of Singapore (MAS) said on Tuesday. Businesses that have...
2Q results highlights PREH reported a 2Q18 EBIT of S$41.9m, -26.5% yoy, on a 1.6% improvement in revenue to S$18.1m. Stripping out revaluations and other one-off gains, EBIT would have been marginally higher yoy. Net profit fell a greater 49.5% yoy to S$8.6m, eroded by lower EBIT and higher finance...
SINGAPORE (Mar 3): As investors grapple with the possibility that the Covid-19 outbreak may be more prolonged than initially expected, this may just be the right time to cash in on Singapore REITs (S-REITs). Although highly sought after for their yields and stability, S-REITs have not been...
Property News 27 Feb 2020Brought to you by PropertyInvestSG CBRE appointed leasing agent for upcoming Nanjing data centre CBRE has been appointed as the sole leasing agent for an upcoming two-storey data centre in China. The facility is named NKG2, and is in the...
Riviere condo by Frasers Property at Jiak Kim. Your ticket to riverside city living.
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...