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Ho Bee Land unit divests London property for $167 mil
SINGAPORE (Feb 8): Property group Ho Bee Land announced Wednesday that wholly-owned subsidiary Grandiose Investments is selling its Rose Court property in London for £94.5 million ($167.2 million).
February 08, 2017
CityDev to buy Ransomes Wharf site for $104 mil
SINGAPORE (Feb 2): City Developments is acquiring from Curatus Trust the freehold Ransomes Wharf site at Battersea London for £58 million ($103.7 million) in an exchange of contracts.
February 02, 2017
Paris eyes luring 20,000 bankers from London amid Brexit rupture
(Jan 3): Paris could lure as many as 20,000 workers from Britain’s finance industry with the exodus potentially starting within weeks as the UK begins its withdrawal from the European Union, according to Europlace, the French capital’s lobby group.
January 03, 2017
Bank of Singapore to set up shop in London
SINGAPORE (Dec 19): Bank of Singapore, the private banking arm of Oversea-Chinese Banking Corporation, is planning to set up a private bank in London.
December 19, 2016
Perennial secures call option to buy 20% stake in Aviva Tower, UK, for £330 mil
SINGAPORE (Nov 29): Perennial Real Estate announced that is has secured a call option agreement for US$4 to acquire a 20% stake in Aviva Tower based on an agreed property value of £330 million ($584 million).
November 29, 2016
Singapore is second most connected country in the world
SINGAPORE (Nov 24): Singapore is once again the world’s second most connected country, based on the fourth edition of DHL’s Global Connectedness Index, trailing behind The Netherlands which retained its top spot.
November 24, 2016
Guocoland to subscribe for 27% stake in EcoWorld International at IPO
SINGAPORE (Oct 27): Guocoland said on Thursday it will subscribe to a 27% stake in Eco World International (EWI) at the IPO for its Bursa Malaysia listing to raise RM2 billion ($666 million) to fund four projects in London and Sydney.
October 27, 2016
Broker's Calls
This property stock is standing tall amid a gloomy office market
SINGAPORE (Oct 6): RHB Bank is reiterating its “buy” call on property group Ho Bee Land with a price target of $2.68, and continues to like the stock for its management’s execution track record which it believes is the best among its reak estate pe
October 06, 2016
Watch out Singapore, Hong Kong: Shanghai top pick to become next financial hub
(Sept 28): Shanghai ranks as the top pick among the world’s cities expected to become significant global financial centres in the next few years, according to a survey of finance professionals.
September 28, 2016
Vancouver, London top list of cities at risk of housing bubble; Singapore is 14th
(Sept 28): Vancouver, London and Stockholm rank as the cities most at risk of a housing bubble after a surge in prices in the past five years, according to a UBS Group AG analysis of 18 financial centres.
September 28, 2016