DAILY NEWS

Daily News – 11 Dec 2019

Singapore Real Estate

Singapore condo resale prices down slightly in November: SRX
Resale prices for non-landed private residential properties in Singapore dipped slightly in November after two straight months of increase. Sales volumes also declined, according to flash figures from real estate portal SRX Property on Tuesday. Condominium resale prices fell 0.1 per cent in November from the previous month, compared with a 0.8 per cent rise in October. Volumes, meanwhile, fell 7.2 per cent…
https://www.businesstimes.com.sg/real-estate/singapore-condo-resale-prices-down-slightly-in-november-srx
https://www.straitstimes.com/business/property/condo-resale-prices-dip-in-november

Chase for yields sends S-Reits on a bull ride this year
It has been such a good year for Singapore real estate investment trusts (S-Reits) that some are wondering if their upside will last much longer. Several brokerages have shifted from their “buy” calls earlier this year. CGS-CIMB downgraded the sector to “neutral” in its Nov 19 report, citing diminishing prospects after the US Federal Reserve signalled a potential end to further rate cuts; UBS in its 2020 outlook described S-Reits…
https://www.businesstimes.com.sg/companies-markets/chase-for-yields-sends-s-reits-on-a-bull-ride-this-year

Companies’ Brief

Managers of 3 Mapletree trusts reshuffle boards
The managers of Mapletree Commercial Trust (MCT), Mapletree North Asia Commercial Trust (MNACT) and Mapletree Industrial Trust (MIT) have separately announced on Tuesday night changes to their boards of directors with new appointments and resignations to take effect from Dec 15. MCT and MNACT have each appointed two new board members, while a non-executive director has resigned. MIT has appointed…
https://www.businesstimes.com.sg/companies-markets/managers-of-3-mapletree-trusts-reshuffle-boards

Keppel DC Reit to pay up to S$56.6m for data centre’s additional core M&E costs
Keppel DC Reit will pay up to S$56.6 million to fund installation costs of additional core mechanical and electrical systems (M&E) for levels two and three of its DC1 data centre located at 18 Riverside Road. This was after it entered into a supplemental deed with master lessee 1-Net Singapore through subsidiary Datacentre One, Keppel DC Reit’s manager said on Tuesday in a regulatory update.
https://www.businesstimes.com.sg/companies-markets/keppel-dc-reit-to-pay-up-to-s566m-for-data-centres-additional-core-me-costs
https://www.straitstimes.com/business/companies-markets/singapore-stock-watch-keppel-dc-reit-to-spend-566m-more-on-work-for