DAILY NEWS

Daily News – 20 Nov 2019

Singapore Real Estate

Bigger BTO flats in 2 estates see keen interest
Home-seekers made a rush for bigger build-to-order (BTO) flats in the mature estates of Ang Mo Kio and Tampines in a Housing Board sales exercise that concluded on Monday. There were more than 13 first-time applicants lodged for each of the 235 four-room flats in Ang Mo Kio, the biggest unit type in the estate.
https://www.businesstimes.com.sg/real-estate/bigger-bto-flats-in-2-estates-see-keen-interest
https://www.straitstimes.com/singapore/housing/buyers-make-a-beeline-for-bigger-bto-flats-in-amk-tampines

Companies’ Brief

Ascendas India Trust raises S$150m in upsized private placement
Ascendas India Trust (a-iTrust) on Wednesday said it has raised S$150 million in gross proceeds from its upsized private placement, which was 4.1 times subscribed. The issue price was fixed at S$1.508 per new unit, the top end of the S$1.465 to S$1.508 range announced on Tuesday.
https://www.businesstimes.com.sg/companies-markets/ascendas-india-trust-raises-s150m-in-upsized-private-placement

Mapletree NAC Trust says damaged Hong Kong mall still closed
The manager of Mapletree North Asia Commercial Trust (MNACT) on Tuesday night said its Festival Walk shopping mall in Hong Kong remains closed until further notice. Due to extensive damage suffered last week in the city’s unrest, recovery works at the property including the cleaning up of debris and the assessment of repair works required are ongoing.
https://www.businesstimes.com.sg/companies-markets/mapletree-nac-trust-says-damaged-hong-kong-mall-still-closed

Aspial to realise A$400m cash from Australia 108 project in next 12 months
Aspial Corporation’s mega Australia 108 project is expected to realise A$400 million (S$370 million) over the next 12 months as units are completed and handed over to buyers. In response to Singapore Exchange queries, the firm said on Nov 12 that it expects to realise cash proceeds of about A$400 million from the settlement and handover of units for Australia 108 in the next 12 months.
https://www.businesstimes.com.sg/companies-markets/aspial-to-realise-a400m-cash-from-australia-108-project-in-next-12-months