CapitaLand

SINGAPORE (Oct 17): CapitaLand is said to be investing about RMB 12.79 billion ($2.54 billion) to acquire the Star Harbour International Center project in Hongkou, Shanghai, according to real estate online portal Mingtiandi.

SINGAPORE (Oct 2): CapitaLand has, through its subsidiary CL Kingdom Investment (CKI), subscribed for a 50% stake in The Work Project Kingdom (TWPK) for $13.5 million, with the intention of extending shareholder loans through CKI to TWPK.

SINGAPORE (Sept 21): CapitaLand is acquiring a portfolio of 16 multi-family properties in the US West Coast and Denver region for US$835 million ($1.14 billion).

SINGAPORE (Sept 19): CGS-CIMB Securities and DBS Vickers Securities are maintaining their “add” and “buy” calls on CapitaLand with the respective target prices of $3.55 and $3.62.

SINGAPORE (Sept 18): CapitaLand has acquired a portfolio of 16 freehold, Class B multifamily properties in the US for US$835 million ($1.14 billion).

SINGAPORE (Sept 17): The Ascott Limited, CapitaLand’s serviced residence business unit, is investing about US$26 million ($35.8 million) for a 70% stake in Green Oak Hotel Management, the holding company for Tauzia Hotel Management.

SINGAPORE (Sept 11): RHB Research is maintaining “neutral” on the real estate sector with a flattish price outlook for 2H18, and expectations that primary transactions will decline 10% y-o-y in 2018 with no near-term catalysts for players with larger

SINGAPORE (Aug 30): CapitaLand is acquiring a prime site in Ho Chi Minh City for VND1,380 billion ($81.4 million) to build more than 100 landed residential units.

SINGAPORE (Aug 28): Singapore’s current property market is not in bubble territory and neither is is expected to crash in response to the latest cooling measures, says Savills.

SINGAPORE (Aug 27): CapitaLand Mall Trust (CMT) is acquiring the remaining 70% stake in Westgate mall for $789.6 million from controlling unitholder CapitaLand. Including acquisition-related expenses, CMT’s total acquisition outlay is estimated at $805.