Capitaland Commercial Trust (CCT) has announced the completion of the divestment of Twenty Anson. The sale was originally announced on 29 June 2018, with CCT mentioning the sale consideration of S$516 million or S$2,503 per sqft based on the building's net lettable area. On the divestment, Mr Kevn Chee, CEO of...
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...
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...
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...
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...
THE high merchant fees charged by food delivery platforms are under scrutiny amid the Covid-19 outbreak, in a reckoning that may be overdue. The big question now is if these apps have fallen short on delivering productivity gains that translate to cost savings. With...
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...
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...
The following article is a guest post written by Data Science Investor. Date of Analysis: 17 January 2020 Period of data: Jan 2017 to Jan 2020 Number of transactions analyzed: 3951 (transaction data extracted...
Singapore hotel occupancy was 51% in February, bringing RevPAR declines for the month to 41%. Performance is likely to deteriorate further as occupancies have since fallen to 20%. Worst even months expected in Mar/Apr. On...
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....
Riviere condo by Frasers Property at Jiak Kim. Your ticket to riverside city living.
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...
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...