real estate

SINGAPORE (Jan 18): CIMB Research is maintaining its “add” call on ESR-REIT while raising its target price on the trust to 64 cents from 63 cents previously on lower cost of equity of 8.1% from 8.5% previously.  

SINGAPORE (Jan 16): CIMB is retaining its sector “overweight” on Singapore’s property market while anticipating for primary home sales to improve  y-o-y to 11,000 to 12,000 units, and private home prices to rise by up to 5% y-o-y.

SINGAPORE (Jan 16): Maybank Kim Eng remains “positive” on Singapore’s property sector while flagging UOL and City Developments (CDL) as the best large-cap proxies as the market continues its cyclical upturn.

SINGAPORE (Jan 15): The manager of AIMS AMP Capital Industrial REIT (AA REIT) has agreed to sell the REIT’s smallest asset in its portfolio that is valued below $10 million, 10 Soon Lee Road, for a consideration of $8.17 million.

SINGAPORE (Jan 10): OCBC Investment Research is remaining “neutral” on Singapore REITs while highlighting Frasers Logistics & Industrial Trust (FLT) as its preferred “buy” pick within the industrial REIT subsector with a fair value estimate of $1.

SINGAPORE (Jan 3): Singapore ended the past year with a total of 20 initial public offerings (IPOs) and $4.7 billion of total funds raised – the highest in the past four years and a stellar showing for 2017, according to a report launched today by Price

SINGAPORE (Dec 22): The manager of Ascendas REIT (A-REIT) is divesting 84 Genting Lane to corporate gifts firm Axxel Marketing for $16.68 million, which represents a 66.8% premium to the property’s original purchase price of $10 million.

SINGAPORE (Dec 12): Phillip Capital is maintaining its “accumulate” rating on City Developments (CityDev) with a target price of $12.10, after the group announced its final takeover offer for the remaining shares of Millennium & Copthorne (M&C) it doe

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$94 million ($

SINGAPORE (Sept 26): PSD Singapore, a wholly-owned subsidiary of Pacific Star Development, has signed a non-binding memorandum of understanding (MoU) with Indonesian master developer, PT Kukuh Mandiri Lestari (KML) to jointly develop a series of mixed-use