REAL estate agency PropNex on Wednesday (Aug 10) posted a 20.7 per cent drop in net profit for the second quarter, as revenue fell due to fewer marketing launches.
The residential en bloc market has been gathering momentum in recent months as developers seek to replenish their land banks amid dwindling unsold inventory, a relative lack of supply under the Government Land Sales (GLS) programme and buoyant sales at new launches.
FOCUSING on sustainability issues is nothing new for property groups such as City Developments Limited (CDL). CDL is the first and only Singapore company to be included in the Global 100 Most Sustainable Corporations index in the world for 13 consecutive years.
ANALYSTS from various brokerages were disappointed by Manulife US Reit’s H1 performance, which saw distribution per unit (DPU) slip due to <a href="/companies-markets/manulife-us-reit-manager-eyes-hotelisation-of-office-assets-amid-dour-outlook" target="_blank">lower occupancy</a> in its portfolio. This led to a cut in target prices across the board, though they remained largely bullish on the office Reit’s future performance.
ELITE Commercial Reit’s distribution per unit (DPU) fell by 2.7 per cent to £0.0256 for its first half ended Jun 30, from £0.0263 in the corresponding period a year ago.
FRASERS Logistics & Commercial Trust (FLCT) recorded 173,087 square metres (sq m) of leasing across its portfolio in Q3 ended June, the real estate investment trust’s (Reit) manager said in a Friday (Aug 5) business update.
REAL estate investment in Asia-Pacific dropped 17 per cent on the year in the first half of 2022, as deal activity in several of the region’s major economies moderated from a high base in 2021.
A MAJOR tenant departure is expected to drag down the earnings of Prime US Real Estate Investment Trust (Reit) in the third quarter of the year.
THE number of Housing and Development Board (HDB) flats resold rose in July, while resale prices grew at a slower pace, according to flash estimates from property portal SRX and 99.co released on Thursday (Aug 4).
CAPITALAND Investment’s wholly-owned lodging business, The Ascott, will acquire a freehold asset in Tokyo, Japan through its private equity fund with the Qatar Investment Authority.
ARA US Hospitality Trust (ARA H-Trust) on Thursday (Aug 4) posted a distribution per stapled security (DPS) of US$0.01427 for the first half ended Jun 30, comprising capital distributions.
THE rejuvenation of the Anson Road locale in the central business district is set to receive a boost. UE Bizhub Tower, a 23-storey freehold office tower, could make way for a new project comprising serviced residences along with offices and a small amount of retail space.
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CCR Projects take the lead in June 2022 Monthly – Overall new home sales in June fell to 488 units, down sharply by 64% from the previous month owing to the lack of new launches, dwindling supply of unsold units, and the quieter June Holiday period.
Dominic gives his views on Money FM 89.3 about what makes a good integrated development in Singapore.
Liang Court will be redeveloped into a new integrated development by CDL, Capitaland and Ascott Residence Trust. The new property will be known as CanningHill Square and CanningHill Piers.
Extract from edgeprop.com.sg published on 15th Sep 2019 by Cecilia Chow "According to GuocoLand Singapore, 21 units at the 200-unit Meyer Mansion were sold at an average price of $2,747 psf. Some units even crossed the 3,000 psf. In fact, the one- and four-bedroom...
Guocoland announced that it will launch Meyer Mansion on Sep 13th and has scheduled the public preview on 7th Sep 2019. Meyer Mansion is located at the former Casa Meyfort along Meyer Road in District 15. The development is a 25-storey tower comprising of...
Yes, you heard it right!Although this is a Luxury Home Report, the surprising reason why well heeled foreigners are still flocking to Singapore is that Singapore luxury home prices are comparatively lower and thus have a better value. Another interesting observation...
Signs of resurgence were observed for the first quarter of 2019. A total of 1,838 private new homes (excluding ECs) were sold by the developers, reflecting a steady growth in demand. It was closely comparable with the previous quarter. On a yearly comparison, this was...