Commercial Property
Daily Briefing: Richest developers saw decline; Offices, hotels among top investment choices
And new overseas projects launching in Singapore.
Will CapitaLand Mall Trust survive 2016’s weak retail climate?
Rental reversion already tapered to 3.7% last year.
Keppel Land inks $131.6m deal for 40% stake in Empire City
It’s to develop a 14.6 ha site in Vietnam.
Daily Briefing: Office vacancy rate could hit 10-year high; Singapore at a structural tipping point
And 79% of young couples will consider a smart home.
Daily Briefing: Completed condo prices inch up 0.1%; Median household income is climbing
And MyRepublic eyes profit in three years.
Wheelock’s FY15 earnings dip 6.5% to $40.3m
FY14 profits were boosted by one-off gains.
CityDev in a sweet spot to capitalize on market turbulence, say analysts
Five years of active diversification is paying off.
UOL’s net profit slumps 43% to $391.4m as hefty one-off gains vanish
Lower fair value gains also had an impact.
Chart of the Day: Property investment sales feared to slow as demand wanes
But bargains will arise as prices drop.
Banyan Tree posts worst loss in its history with $28.5m loss in FY15
Due to doubtful debts provisions, absent fair value gains.
Ho Bee’s earnings tumble 23% to $242.2m in FY15
Fair value gains were disappointing.
CityDev’s net profit rises by 6.6% to record $410.5m in Q4
Its prime office assets delivered huge gains.
Daily Briefing: Office rents down 1.4% in Q4; HDB launches 4,170 new flats
And which HDB type can you buy from your monthly wage?
Roxy-Pacific’s net profit falls 12% to $85.2m in FY15
Blame it on absent profit recognition from a sale.
OKP’s net profit skyrockets 175.7% to $7m in FY15
It bagged seven public sector projects during the year.
OUE hikes stake in OUE C-REIT with $166m cash injection
Its stake will rise to 65%.
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