The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 19th June 2019

Singapore Real Estate

Construction industry sees light at end of tunnel
It has been a tough few years in the building trade but construction boss Chua Tong Seng is finally feeling good about his company’s prospects.  “I think things are getting better,” he said, pointing to improved demand due to large developments in the pipeline such as the Tuas mega port, the Jurong Lake District and expansion of the integrated resorts.


Companies’ Brief

Keppel Reit unit secures S$505m secured green loan facility
Keppel Reit’s nearly 80 per cent owned subsidiary Ocean Properties has obtained a secured green loan facility worth S$505 million.  One of the terms and conditions is that the lender may give notice to Ocean Properties as a borrower to prepay any outstanding loans if the manager ceases to be a directly or indirectly wholly-owned subsidiary of Keppel Corporation, according to Keppel Reit…

Kep Infra Trust to issue S$100m 4.75% subordinated perp securities
Keppel Infrastructure Trust (KIT) on Tuesday proposed to issue S$100 million of subordinated perpetual securities at 4.75 per cent.  Being perpetual, these securities have no fixed final redemption date. These are expected to be issued on June 25.

Raffles Education unit enters settlement agreement for 700m yuan Hebei deal
A Raffles Education subsidiary on Tuesday entered a settlement agreement for a 2013 deal to divest some Hebei land and property due to “incomplete implementation” of an option agreement.  In late-2013, Raffles Education’s unit, Langfang Tonghui Education Consultancy (Tonghui), then known as Hebei Oriental Zhuyun Property Development, struck a deal to sell land-use rights and property to Langfang…


Global Economy & Global Real Estate

New York rent rules pose risks for apartment lenders, Fitch says

Google pledges US$1b for housing crisis in San Francisco Bay area

Protests fail to dampen HK’s love of property

Malaysia sees trade diversion cushioning impact of tariff wars

Japan exports slide for 6th month as trade troubles knock demand

Investors seek higher premiums for risky Aussie mortgage bonds

India’s first Reit up 21% since March listing   

Berlin poised for rent freeze to curb rocketing rates


Additional Articles of Interests – Local & Overseas Real Estate

Local & Overseas Real Estate – Full Article

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