Commercial Property
CapitaLand acquired Marine Point for $100.68mln
Total acquisition cost works out to $1.056 per square foot per plot ratio.
CapitaLand acquired Marine Point for $100.68mln
Total acquisition cost works out to $1.056 per square foot per plot ratio.
Ascott enters JV to develop 203-unit Citadines Galleria Bangalore
Ascott to expand presence in India by adding 1,600 apartment units across seven properties in Bangalore, Ahmedabad, Chennai and Hyderabad.
Ascendas India Trust profit down 12% to $17mn
The trust’s operating portfolio grows by 25% as its properties are home to a total working population of 57,000 people from 283 tenants.
Fraser Commercial Trust profit down 2.4% to $22.9mn
Yet distributable income for first quarter up 7% to $7.9m as DPU grew by 4% to 0.25¢.
CapitaRetail China Trust profit up 5.8% to S$74.36mn
The company expects growth to continue behind China’s strong retail consumption and sustained economic growth.
Mass-market home prices to ease 2% in 2011
The outlook for the private residential market is cautiously optimistic in 2011.
Singapore ranked first in Asia's best real estate investment destinations
The country's strong economic growth and brisk activity in the financial and high-technology industries pushed Singapore to top the rankings.
Singapore Real Estate Investment Trusts to expand in 2011
Low interest rates, supportive capital markets, and improved economic sentiment will push S-REIT to continue to grow this year.
Fraser Centrepoint Trust revenue up 19% to $27.6mn
FCT puts in place $264 million loan facility to refinance debt expiring in July 2011.
Keppel Land profit up 273% to $1bn
Divestment of one‐third stake in MBFC Phase 1 and stronger earnings from better home sales in Singapore and China contributed to posting record...
North Bridge Commercial Center for sale by tender
The site has the potential to be remodeled into a boutique office or retail development, with the opportunity for individual unit sale.
Keppel establishes new logistics centre and water projects in Tianjin Eco-City
The TECIDC to offer "green" services that can help customers adopt sustainable supply chain practices and achieve better resource efficiency.
Moody's on cooling measures: Developers' loss are the local banks' gain
The ratings agency said Singaporean banks will benefit from a more stable property market as their exposures to property speculators, price shocks...
Holland Tower sale seen to draw prominent property buyers
Jones Lang LaSalle is marketing the Collective Sale of the property and is offering interested parties a rare freehold residential redevelopment...
Almost half of Singaporeans own a second property
According to OCBC, ST reported that 4 in 10 homebuyers in Singapore hold more than 1 property loan in the first 11 months of 2010.
URA launches tender for industrial site at Kaki Bukit Road 4
The land parcel has a site area of about 2.45 ha and a maximum gross plot ratio of 1.0
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