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 September 2018

Singapore Economy

Deepening US-China trade spat set to test markets’ resilience
Escalating trade tensions between the US and China are set to test the resilience of regional and global markets, even if investors have yet to press the panic button.  US President Donald Trump on Tuesday made good on his threats and slapped 10 per cent tariffs on US$200 billion of almost all Chinese imports effective Sept 24 – a move expected to hurt Asian businesses plugged into China’s global supply chains.  Beijing then announced its retaliatory tariff action against US$60 billion of US goods, timed to take effect on the same day as the US action.


Singapore Real Estate

CapitaLand expands into multifamily homes with US$835m buy
CapitaLand is adding multifamily apartments as a new asset class to its portfolio with its maiden acquisition of 16 properties in the United States for US$835 million.  It plans to further bulk up this portfolio through more acquisitions – not just in the US but also in other fast-growing markets like China – and potentially spin off these assets into investment vehicles and partnerships such as funds or real estate investment trusts (Reits) in the medium term.


Companies’ Brief

OUE group to buy Bowsprit and stake in First Reit for S$202m
The OUE group is one step closer to realising its ambition of creating an asset management platform for several Reits (real estate investment trusts), under a proposed reconfiguration of the Riady family’s healthcare companies in deals worth S$202 million.  The mainboard-listed developer and its Catalist-listed unit OUE Lippo Healthcare (OUELH) plan to buy a 60 per cent and 40 per cent stake, respectively in Bowsprit Capital Corporation for S$99 million from Indonesian developer PT Lippo Karawaci.

Mayo Clinic, Pontiac Land tie up to expand Rochester campus
Mayo Clinic and real estate developer Pontiac Land Group are collaborating in an expansion of Mayo’s Rochester campus which will deliver additional clinical space and a hotel.  While the plans for the development are still being finalised, Mayo Clinic plans to invest US$190 million into the clinical expansion, which will be used for the Mayo Clinic Cancer Center and Outpatient Procedure Center.



Trade war is ‘lose-lose’: JPMorgan research chief
The back-and-forth between the world’s two largest economies that has haunted markets for much of the year is a “lose-lose situation for all parties involved”, JPMorgan’s global head of research Joyce Chang has said.


Global Economy & Global Real Estate

Dollar steady as US and China escalate trade war

Hilton splashes into the Caribbean with all-inclusive resort deal

Japan’s average land prices rise for the first time in 27 years


Additional Articles of Interests – Local & Overseas Real Estate

Local & Overseas Real Estate – Full Article

Scroll to Top