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real estate
Olam sells US farmland assets, enters into revenue sharing model with Farmland Partners
SINGAPORE (Sept 22): Olam International has sold 5,100 acres of its Edible Nuts farmland assets in California to US-listed REIT Farmland Partners Inc (FPI) for US$110 million ($148.2 million).
September 22, 2017
In print this week
What Manulife US REIT unitholders really want
SINGAPORE (Sept 15): Manulife US REIT, which was listed only in May last year after an IPO of its units at 83 US cents, recently proposed to acquire of a building called 10 Exchange Place in Jersey City, New Jersey for US$312 million ($422 million), and a
September 15, 2017
Property
ESR-REIT sponsor partners Invesco to manage RMB2 bil China portfolio
SINGAPORE (Sept 8): ESR, the sponsor of ESR-REIT which was formerly known as Cambridge Industrial Trust, has formed a joint venture (JV) partnership with Invesco Real Estate (IRE) to acquire and manage a portfolio of Grade A stabilised logistics assets in
September 08, 2017
How STI’s strongest sectors have fared year to date
SINGAPORE (Aug 30): The benchmark Straits Times Index (STI) has generated a 13.2% price gain year to date (YTD) with its strongest-performing sectors being real estate, financials and industrials.
August 30, 2017
Broker's Calls
8 Singapore REITs & property stocks to ‘buy’ on improving market sentiment: DBS
SINGAPORE (Aug 28): DBS Group Research is positive on Singapore’s property stocks and REITs given the real estate market is expected to continue enjoying firmer fundamentals going into 2018.
August 28, 2017
Results
Hiap Hoe swings back to profitability with 2Q earnings of $1.4 mil
SINGAPORE (Aug 10): Real estate group Hiap Hoe is back in the black with 2Q17 earnings of $1.4 million compared to the loss of $3.1 million it posted in the same period a year ago.
August 10, 2017
Priced out from home market, Chinese swoop in to buy Thai real estate
(Aug 3): Mainland Chinese are snapping up more properties in Thailand for both personal and investment purposes, after being priced out of the market in big cities at home, developers in the Southeast Asian country said on Wednesday.
August 03, 2017
Global Yellow Pages announces restructuring and retrenchments; to cease publication of print directories from 2018
SINGAPORE (Aug 1): As part of what its CEO and director calls a “painful but necessary” revamp of its business model, Global Yellow Pages (GYP) has announced that it will be restructuring its business to focus on real estate as its core business, and
August 01, 2017
Results
Tuan Sing’s 2Q earnings tumble 64% to $1.8 mil
SINGAPORE (July 27): Property developer Tuan Sing Holdings has reported earnings of $1.8 million for the second quarter ended June, a 64% decline from earnings of $5.1 million in the same period a year ago.
July 27, 2017