property

Global review

Residential property prices supported by QE, low interest rates, shrinking supply, says RHB

The Singapore residential property market is probably a lot more resilient during Cov-id-19 than it was either during the Asian Financial Crisis (AFC), SARS or the Global Financial Crisis (GFC). Despite the “circuit breaker” measu

Results

Pan Hong's FY20 earnings surge 107.4% to $22.5 mil on higher revenue and lower finance costs

Revenue for the full year increased by 120.1% y-o-y to RMB643.9 million attributable to the larger control of more residential units of Pan Hong Run Yuan Phase 2, compared to a year ago.
Singapore's property glut could take years to clear

Property

Singapore's property glut could take years to clear

(Dec 9): Singapore has a property glut that could take years to clear, threatening to kill a nascent price recovery amid an already uncertain economic outlook.

Singapore economy

Property and banking sectors stable amid economic slowdown, but concerns remain, says MAS

SINGAPORE (Dec 2): The Financial Stability Review (FSR) released by the Monetary Authority of Singapore on Nov 28 highlights the risk of an economic slowdown, but this has not caused systemic problems and unemployment remains in check. Still, given slowin

Investing ideas

Further upside to property-related companies on the way, says KGI

SINGAPORE (Oct 21): In September, new home sales reached the highest monthly sales since July 2018, when the latest round of property cooling measures came into effect.

M&A

Top Global to acquire 43 units in Thong Teck Building for $170 mil

SINGAPORE (Sept 2): Top Global, the property developer and hospitality and facility manager, will acquire 23 freehold commercial strata-titled lots with 43 property addresses in Thong Teck Building at 15 Scotts Road.  

Results

Wing Tai FY19 earnings down 79% to $46.8 million on lower revenue and contributions from development properties

SINGAPORE (Aug 27): Property group Wing Tai holdings reported FY19 earnings of $46.8 million, down 79% from $225.2 million recorded at the end of FY18.

Company in the news

Thakral adds another Osaka office building to portfolio

SINGAPORE (July 1): Thakral Corporation has acquired another commercial property in Osaka, Japan – the Nikke Yotsubashi building.
×