Commercial Property
FCL’s Q2 profits plunge 13.8% to $123m
Joint ventures, associates posted fair value losses.
Daily Briefing: Singapore among top global markets for retailers; Bleak property dev sentiment
Here’s why Singaporeans may not like a car-lite city-state.
Oxley seeks to raise up to $150m in new bonds offer
It has a term of 4 years and a coupon of 5.15%.
Ascendas REIT’s income jumps 15.3% to $533.7m in FY16
Thanks to new acquisitions’ increased contributions.
Frasers Hospitality Trust raises $100m in debut perpetual securities issuance
Demand exceeded $500 million.
Roxy-Pacific’s net profit plunged 79% to $9.9m in Q1
Due to absence of profit recognition from Centropod.
Oxley’s net profit more than tripled to $51.2m in Q3
Thanks to hefty disposal gains.
Chart of the Day: Property investor sentiment plummets as rental yields slip
Over 6 out of 10 surveyors expect rents to fall further.
LMIRT’s income inches up 2.6% to $40.83m
Thanks to positive rental reversions, forex gains.
ARA Asset Management’s earnings jump 10% to $19.8m in Q1
Thanks to growth in all three of its segments.
Chart of the Day: Can data centres save Singapore’s struggling industrial property sector?
Logistics firms will also drive demand.
Manulife U.S REIT seeks up to US$470m in second Singapore IPO attempt
It wil offer 566m units at 82 cents.
Developers required to submit walking, cycling plans for new commercial property projects
New rules will kick in starting July.
Frasers Centrepoint snaps up 15.7 ha site in Victoria
It is adjacent to The Key Industrial Park.
Foreign investors shun Singapore commercial property as tenant demand hits record low
Capital values will deteriorate further.
Mapletree Logistics Trust’s income inches up 4.8% to $290.9m in FY16
Thanks to strong Hong Kong contributions.
Read Here
Advertise
Sign Up
