Property Investment

Fintech

ARA ventures into Fintech with Minterest acquisition

ARA and Minterest will launch their first real estate secured mezzanine debt financing product on 15 May in a co-investment with Straits Real Estate.

Broker's Calls

Pollux to enjoy greater income stability from recurring income of serviced apartments, rentals

SINGAPORE (July 10): Pollux Properties, the premier luxury property developer, holds several investment properties following its acquisition of Pollux Alpha Investments in Nov 2017.

Property

Pollux Properties to undertake $145 mil new share issuance to acquire PAI Group

SINGAPORE (Aug 8): Pollux Properties has agreed to purchase British Virgin Islands (BVI) incorporated property investment company, Pollux Alpha Investments (PAI) Group, from its parent company Pollux Holdings for a total consideration sum of $201 million.
From Bloomberg

Australia's property market is cooling down

(August 4): One of the key engines of Australia’s five-year housing boom is losing steam.

Property

Fragrance Group sets up Australian subsidiary to acquire Tasmania property

SINGAPORE (May 18): Property developer Fragrance Group has entered into a contract to acquire a property with a combined land area of approximate 4,868 sq m in Hobart, Tasmania, Australia, for an undisclosed consideration sum.

Results

Roxy-Pacific posts 39% fall in 3Q earnings to $8.1 mil

SINGAPORE (Oct 28): Roxy-Pacific saw 3Q earnings tumble 39% to $8.1 million from a year ago as cost of sales outstripped revenue growth.
×