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Marina Bay

Tech

Singapore to see flying taxi demo flight at Marina Bay this month

(Oct 7): A British company says it’s building the world’s first “vertiport” for electric aircraft in Singapore, an early step towards a global network for flying taxis.

Broker's Calls

UOL upgraded to 'buy' on timely acquisition of Marina Centre

SINGAPORE (Apr 16): DBS Group Research is upgrading UOL Group to “buy” from “hold” and raising its target price by 20% to $8.58, after UOL’s 50%-owned subsidiary United Industrial Corporation (UIC) raised its stake in Marina Centre.

CapitaLand Commercial Trust to buy Asia Square Tower 2 for $2.15 bil

SINGAPORE (Sept 21): CapitaLand Commercial Trust is buying Asia Square Tower 2 from American asset manager BlackRock Inc for a total of $2.15 billion.

Singapore’s Marina Bay land gets record bid of $2.6 bil from IOI Properties unit

SINGAPORE (Nov 8): The first sale of land in Singapore’s Marina Bay in nine years generated healthy bidding from developers, with a plot in the sought-after financial district attracting a top bid of $2.6 billion.

Broker's Calls

Office REITs could shrug off falling rents

SINGAPORE (Sept 9): Maybank Kim Eng has upgraded two Singapore office REITs, CapitaLand Commercial Trust (CCT) and Keppel REIT, to “buy” from “hold”, even as office rents are expected to continue to slide in the near term.
Marina Bay

In print this week

Tender of Central Boulevard 'white site' could reinforce office REIT turnaround

SINGAPORE (Sept 9): On Aug 12, a “white site” at Central Boulevard was triggered by a developer, and market watchers say the bid prices could reinforce a turnaround in sentiment towards office property trusts like CapitaLand Commercial Trust and Keppe

Singapore sale of rare Marina Bay land set to fetch bumper price

SINGAPORE (Sept 2): The first sale of land in Singapore’s Marina Bay in nine years is set to fetch a bumper price as developers jockey for a piece of the sought-after financial district.
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