Commercial Property
Risks intensify for APAC REITs amid looming interest rate hike
REITs are rushing to pay their debts.
Ascott clinches contracts to manage five more properties in China
It now has over 12,000 units in the Mainland.
Daily Briefing: Falling HDB prices led to higher EC vacancy; Moneylenders complain of 4% rate cap
And two GLS sites adopt PPVC.
Starland Holdings promotes Lina Tan Lay Nah to financial controller
She was the company's group finance manager.
Sincap Group appoints Lynn Tee as general manager for property division
Her current experience in Australian deals and her past involvement in property transactions have earned her the post.
GIC inks $2.1b JV with Scentre Group to buy five malls in New Zealand
Just three days after its first property deal in NZ.
Risks intensify for local developers after short-term debt surged to record high
Short-term loans hit $13.7b in June.
Ascott REIT’s gross profit climbed 9% to $48.8m in Q3
Thanks to income from acquired properties.
Kelvin Chow Chung Yip resigns as SB REIT Management CFO
He intended to pursue other career opportunities.
MOM rolls out stricter rules for large worker dormitories
Hefty fines await erring operators.
Chart of the Day: See the slump in Singapore’s factory and warehouse leasing in 3Q
Tenants prefer to renew.
Roxy-Pacific’s net profit plunged 23% in Q3 on back of sluggish residential sales
Average room rates also took a beating.
Johnnie Tng Chin Heww quits as Ying Li International Real Estate group CFO
He intended to pursue other career opportunities.
Tay Hun Kiat quits as Cedar Strategic Holdings director
He wanted to pursue his other commitments.
GIC-led group in talks to buy IndCor from Blackstone for over $10b
It’s seeking $6.5b in debt to fund the acquisition.
UOL unveils $1b multicurrency medium term note programme
It will be used to fund existing debt.
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