Daily Briefing: Foreigner eligible townhouses at Skies Miltonia relaunched for sale; SIA reels under intense competition

And here are the five biggest REITs in Singapore right now.

From PropertyGuru: A completed residential project at Miltonia Close in Yishun is offering foreigners a rare chance to own a landed home in Singapore. TG Master, a joint venture between property developer TG Development and construction firm Master Contract Services, is relaunching a stack of 10 four-bedroom townhouses at the Skies Miltonia condominium near Khatib MRT station. The five-storey townhouses, also known as waterfront villas because they face a 50m pool, each come with large floor areas of 4,672 sq ft and a private lift.

From Bloomberg via Yahoo!: Despite booming demand for air travel in Asia, Cathay Pacific and Singapore Airlines Ltd. are among premium carriers in the region reeling under intense competition from low-cost carriers, Chinese mainland rivals and Middle-Eastern operators such as Emirates. Singapore Air last week reported a surprise loss and announced a “wide-ranging review” of its business as well. “Everyone is becoming more and more cost conscious,” said Andrew Lee, an analyst at Jefferies in Hong Kong. “To be able to survive, they need to control costs. I think it is a start,” he said, referring to Cathay.

From Motley Fool Singapore: The SGX S-REIT Index has 37 components, of which 28 are real estate investment trusts (REITs), six are stapled trusts, and three are property trusts. Naturally, the 37 components would differ in size. A recent report by bourse operator Singapore Exchange provided insight on the SGX S-REIT Index. On top of the heap is Ascendas Real Estate Investment Trust. The REIT, which invests mostly in industrial properties, has a market cap of $7.5 billion and a yield of 6.1%. Over the last three years, the REIT has recorded a total return of 32.6%.

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