residential

Property

Keppel Land makes $60 mil acquisition of prime Jakarta site to develop residential building

SINGAPORE (Sept 19): Keppel Land is acquiring a prime site in Jakarta, Indonesia, for IDR586 billion ($60 million) from Bank Central Asia via its wholly-owned subsidiary, PT Sukses Manis Tangguh.

Property

Lian Beng awarded $162 mil contract to construct Martin Place condo

SINGAPORE (Sept 15): Lian Beng Construction (1988), a wholly-owned subsidiary of Lian Beng Group, has been awarded a contract worth approximately $162 million to construct a condominium housing development at Martin Place.

Broker's Calls

Why CapitaLand is set to enjoy a boost in recurring income

SINGAPORE (Aug 4): RHB is remaining “neutral” on CapitaLand with a target price of $3.90, after the real estate group’s 2Q17 results came in line with the research house’s estimates.

Property

Rising en-bloc sales signal Singapore housing market recovery

SINGAPORE (June 16): Chalk up another sign Singapore’s housing market is recovering: redevelopment deals are back.

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

Property

Ocean Sky to acquire Nim Drive property for $4.2 mil

SINGAPORE (May 25): Atlantic Sky Investment, a wholly-owned subsidiary of property group Ocean Sky International, yesterday exercised the option to acquire a 999-year leasehold property at 6 Nim Drive from its vendor, Teddy Yap, for a purchase price of $4

Broker's Calls

Hatten Land to reach safer ground in FY18

SINGAPORE (May 16): UOB Kay Hian is maintaining its “buy” recommendation on Hatten Land with a target price of 43 cents after the Malaysian property developer posted lower-than-expected 3Q17 earnings last Thursday.

Singapore’s property market to benefit from population & economic growth ahead

SINGAPORE (April 3): Singapore’s property market is expected to benefit from a number of government policy changes that have recently begun to take effect, according to recent research data published by JLL.

United Overseas Australia proposes building Vietnam mixed used development with $21.1 mil acquisition

SINGAPORE (March 20): United Overseas Australia is planning to acquire a 50% interest in a special purpose vehicle to develop a mixed used apartment building complex in Ho Chi Minh City, Vietnam.

Broker's Calls

One developer is set to ride improving residential sentiment

SINGAPORE (Feb 27): Maybank Kim Eng Research continues to rate UOL Group Limited at “buy”, mainly for the property developer’s “strong execution with quick inventory turnover stemming from the right pricing strategy” following the release of its
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