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Property
AIMS APAC REIT to acquire Sime Darby Business Centre for $102 mil
The acquisition will add 0.48 cents to the FY2020 distribution per unit (DPU) of 9.50 cents to 9.98 cents on a pro forma basis.
January 27, 2021
Property
Ascott Residence Trust acquires first student accommodation asset in US for US$95 mil
The accretive acquisition will increase the pro forma FY2020 distribution per stapled security (DPS) by some 4.4%.
January 27, 2021
Property
Number of leases secured at CapitaSpring 'still respectable', says Savills executive director
Typically at that stage in pre-pandemic times, buildings would have leased out more than half of their space, three analysts said.
January 19, 2021
Broker's Calls
An increase in property price index between 5-8% could tip property market into 'bubble territory': DBS
Flash estimates for the Singapore property price index (PPI) in 4Q2020 point to a 2.1% y-o-y rise during the quarter.
January 19, 2021
Property
Fragrance Group's Melbourne development project receives practical completion certificate
Practical completion certificate for the remaining 394 residential units and the hotel (Phase 2) is expected to be issued in March
January 15, 2021
Property
Ascott achieves fourth year of growth with addition of over 14,200 units in 2020
The new properties will boost Ascott’s annual fee income by over $27 million.
January 12, 2021
Property
Boldtek Holdings subsidiary to purchase residential property at No. 8 Lorong 25A Geylang Road for $26.5 mil
An initial deposit of $200,000 has been paid on Dec 21, 2020.
January 06, 2021
Property
LHN Group to launch mixed-use development with communal living experiences
The property is scheduled to be launched by mid-February 2021.
January 04, 2021
Results
CDL reports 62.7% decline in RevPAR of $54.30 in 3Q update, says Singapore residential property market remains 'resilient'
CDL says it expects to record losses for the FY2020 owing to the unprecedented collapse of global travel and tourism from Covid-19
November 30, 2020
Property
Yanlord posts total contracted pre-sales of $1.09 bil in Sept 2020
For the nine months ended Sept 30, the group’s pre-sales rose 66.7% y-o-y to approximately RMB53.19 billion.
October 06, 2020