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Property
GIC partners India developer to acquire land for US$94 mil
SINGAPORE (Sept 27): Affiliates of GIC have entered into a 50-50 joint venture (JV) shareholding with Indian real estate developer K Raheja Corp Group (KRC), to acquire a 3-acre land parcel in Mumbai, India, from Siemens for approximately US$94 million ($
September 27, 2017
Property
How flight-to-quality continues to impact Singapore’s office market
SINGAPORE (Sept 5): Knight Frank Singapore says it sees the emergence of a two-tier office market in Singapore, given how the city state has seen a growing rental divergence between its top-grade and older office buildings as of late.
September 05, 2017
Property
OKP Holdings to purchase Woodlands industrial property for $2.2 mil
SINGAPORE (July 26): Construction and road maintenance company OKP Holdings says its wholly-owned subsidiary, Or Kim Peow Contractors, has agreed to purchase a building at 7 Woodlands Industrial Park E2 from Advance-Tec Engineering for $2.2 million for in
July 26, 2017
CapitaLand-led JV in $1.8 bil redevelopment of Golden Shoe Car Park
SINGAPORE (July 13): CapitaLand, CapitaLand Commercial Trust (CCT), Mitsubishi Estate (MEC) have formed a joint venture (JV) to redevelop Golden Shoe Car Park (GSCP) into a landmark integrated development in Raffles Place, which is estimated to cost a tot
July 13, 2017
Investing strategies
Arm yourself with these 5 Singapore REITs before heading into 2018
SINGAPORE (May 18): DBS Vickers recommends investors to remain “overweight” on the office and industrial Singapore REIT (S-REIT) sectors due to the prospects of an improving Singapore GDP, as well as the expected easing of supply pressures come 2018.
May 18, 2017
Singapore’s property market to benefit from population & economic growth ahead
SINGAPORE (April 3): Singapore’s property market is expected to benefit from a number of government policy changes that have recently begun to take effect, according to recent research data published by JLL.
April 03, 2017
Broker's Calls
REITs and developers to ‘buy’ on improving economic fundamentals
SINGAPORE (March 17): As global economic fundamentals begin to improve, DBS Vickers Securities is expecting prices to be supported for Singapore REITs (S-REITs) in the near term given earlier fears that the Fed would be more hawkish.
March 17, 2017
Broker's Calls
Why SREITs should remain in your investment portfolio despite poor sector performance
SINGAPORE (March 7): OCBC Investment Research is maintaining its “overweight” on local REITs identifying bright spots in certain sub-sectors as well as the potential for bargain hunting even as the sector begins to pullback.
March 07, 2017
Broker's Calls
Frasers Centrepoint Limited kicks off the year on a prosperous note
SINGAPORE (Feb 10): DBS Vickers Securities is maintaining Frasers Centrepoint Limited (FCL) at “buy” with a target price estimate of $2, and continues to like the stock for its attractive valuations despite potential headwinds in the property market.
February 10, 2017
Results
Frasers Centrepoint’s 1Q earnings nearly double to $187.5 mil
SINGAPORE (Feb 9): Frasers Centrepoint Limited (FCL) has announced 1Q17 earnings of $187.5 million, nearly double from the $98.7 million declared a year ago.
February 09, 2017