HIGH Street Centre, a mixed-use tower at 1 North Bridge Road, has been put up for sale via a second public tender after obtaining a six-month extension under the Covid-19 (Temporary Measures for Conduct of Collective Sale of Property) Order 2020 granted by the Ministry of Law.
ARA Asset Management has raised US$500 million in a round of equity financing, with Sumitomo Mitsui Banking Corporation (SMBC) as the lead investor. SMBC is now its new strategic shareholder, the asset fund manager announced on Monday.
PLAYERS in the built environment sector in Singapore on Monday appealed to the multi-ministry taskforce to allow them to bring in foreign workers in a safe and controlled manner, as well as for the government to consider additional relief measures to help all stakeholders in the sector.
LOCALLY listed property developers keen to arrest persistent undervaluation may need to take a leaf out of CapitaLand's book and consider different formats for their listed vehicles. The current go-to means of improving value - share buybacks, recycling capital via real estate investment trusts (Reits), and even privatisations - are not living up to investor expectations.
SINGAPORE-LISTED property developers are trading at half their book values, on average, while their real estate investment trust (Reit) counterparts are trading at book on average. One banker is therefore suggesting a hybrid stapled vehicle combining the attractive yield-paying features of a Reit with the riskier business of development.
RENTS for condominium units have risen for four consecutive months as at April, flash data from real estate portal SRX showed. Likewise, Housing Board (HDB) rents have increased for 10 straight months.
Property players fall back on digitalisation efforts in response to stricter safe distancing measures
SINGAPORE property players are falling back on digitalisation efforts in response to stricter safe distancing measures.
BUYERS continue to fork out for posh condos amid a more sanguine economic outlook. This is even as new private-home sales in April have dipped slightly from March.
LUXURY homes have surged in popularity among well-heeled Singaporean buyers in the last few quarters, based on caveats data, as both owner-occupiers and investors piled into high-end assets.
CATALIST-LISTED property developer Hatten Land's net loss widened to RM37.2 million (S$12 million) for the three months to March 31, from RM32.3 million in the previous year.
APAC Realty's net profit for the first quarter ended March 31 more than doubled year on year to S$7.5 million, owing to revenue gains from an increase in transaction volumes in the new-home and resale segments.
SASSEUR Real Estate Investment Trust (Sasseur Reit), which owns outlet malls in China, posted a 31.9 per cent rise in its distribution per unit (DPU) to 1.759 Singapore cents for the first quarter ended March 31, 2021, from 1.334 cents a year ago.