DAILY NEWS

Daily News – 20 Dec 2019

Singapore Real Estate

Real estate investment volume to remain resilient in 2020: CBRE
Singapore’s real estate investment volume is likely to remain resilient in 2020, said CBRE on Thursday. The property consultancy added there has been anecdotal evidence of investors showing interest in Singapore assets due to the country’s macroeconomic stability and environment for mid- to long-term capital value appreciation.
https://www.businesstimes.com.sg/real-estate/real-estate-investment-volume-to-remain-resilient-in-2020-cbre
https://www.straitstimes.com/business/property/2019-property-investment-volume-in-spore-respectable-despite-318-fall-cbre

Companies’ Brief

Ascott Reit, A-HTrust investors to get new stapled units on Dec 31
Unitholders of merging real estate investment trusts Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust (A-HTrust) will get their new Ascott Reit-BT stapled units on Dec 31, when the schemes that were lodged with the regulator on Thursday are implemented. Unstapled Ascott Reit units will trade for the last time on Dec 26, the manager said in an indicative timetable filed with the bourse on Thursday…
https://www.businesstimes.com.sg/companies-markets/ascott-reit-a-htrust-investors-to-get-new-stapled-units-on-dec-31

Cromwell E-Reit buying 3 German freehold industrial assets for 38m euros
Cromwell European Real Estate Investment Trust (Cromwell E-Reit) is acquiring a portfolio of three freehold light industrial/logistics assets in Germany for a purchase price of 38 million euros (S$57 million), the manager said in a regulatory update on Friday. The Reit had entered into a purchase agreement and lease agreements with subsidiaries of Felss Group GmbH on Thursday to acquire the…
https://www.businesstimes.com.sg/companies-markets/cromwell-e-reit-buying-3-german-freehold-industrial-assets-for-38m-euros

Singapore-based RedDoorz in talks with Indonesian government for property management deal
Jakarta: Indonesia is exploring a potential deal with Singapore-based hotel and booking start-up RedDoorz and India’s Oyo to manage some state-owned properties in a bid to improve returns, a government spokesman said. The government of Southeast Asia’s largest economy manages billions of dollars worth of assets, including some apartments and lodgings in strategic locations which it offers for rent to the public.
https://www.channelnewsasia.com/news/business/indonesia-property-management-deal-reddoorz-oyo-12197406

Views, Reviews, Forum & Others

Forum: HDB lease top-up proposals not prudent
Yet again proposals on how to manage the lease decay of HDB flats have been raised (HDB lease top-up proposal has drawbacks: Observers, Dec 17). I believe this issue is simply a matter of “product specification”.
https://www.straitstimes.com/forum/letters-in-print/hdb-lease-top-up-proposals-not-prudent