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real estate
Vibrant Group acquires ASX-listed thermal coal producer for $40 mil
SINGAPORE (July 13): Vibrant Group has acquired Blackgold International Holdings, a China-based thermal coal producer listed on the Australian Securities Exchange (ASX), for a consideration of A$36.6 million ($40 million).
July 13, 2017
Global Markets
Tiny apartments fuel self-storage boom in crowded Hong Kong
HONG KONG (July 12): People often complain about Hong Kong’s notoriously tiny apartments, but for investors like Blackstone Group LP, opportunity can be found in small places.
July 12, 2017
Broker's Calls
Share swap deal to have positive impact on UOL Group
SINGAPORE (June 27): OCBC Investment Research and CIMB Research are positive on news of UOL group’s share swap deal with Haw Par Corp, through which UOL will issue 27.3 million new shares in exchange for 60 million UIC shares owned by Haw Par.
June 27, 2017
Disruption of media industry keeps SPH on ‘hold’ despite Bidadari win
Disruption of media industry keeps SPH on ‘hold’ despite Bidadari win
June 23, 2017
The US$100 bil city next to Singapore has a big China problem
(June 23): The US$100 billion ($138.7 billion) city rising from the sea next to Singapore has hit a roadblock: China’s capital controls.
June 23, 2017
Property
Straits Trading buys stake in Sydney office building for $123 mil
SINGAPORE (June 6): Straits Real Estate, a subsidiary of Straits Trading Company, is investing roughly A$119 million ($122.7 million) for a stake in a 32-storey office building located at 320 Pitt Street in Sydney, Australia.
June 06, 2017
Broker's Calls
Divestment of Innov Tower to further boost Capitaland’s earnings for FY17F
SINGAPORE (June 6): DBS Vickers Securities is maintaining its “buy” call on Capitaland with a target price of $4.33.
June 06, 2017
Property
Mapletree acquires portfolio of US & Canada assets worth $2.2 bil
SINGAPORE (June 2): Mapletree Investments, the Temasek-backed property development, investment and capital management company, acquired a portfolio of assets from Kayne Anderson Real Estate Advisors worth US$1.6 billion ($2.2 billion).
June 02, 2017
Broker's Calls
3 property developers to snap up with the impending market uptick
SINGAPORE (May 30): Maybank Kim Eng Research is turning positive on Singapore’s property developers with expectations of a potential rebound in property prices, even without further policy easing.
May 30, 2017
Property
BBR Holdings to purchase Bukit Timah property for $101.5 mil
SINGAPORE (May 25): Construction and engineering group BBR Holdings has announced that its 62%-owned subsidiary, Alika Properties, today exercised its option to purchase a four-storey mixed-use development known as the Goh & Goh Building for a cash consid
May 25, 2017