office

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$94 million ($

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.

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

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

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.

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.

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.

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.

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.

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.
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