Singapore Real Estate
Residential site off Upper Serangoon Rd for sale for some S$13.5m
A residential development site situated off Upper Serangoon Road has been put up for sale via public tender at an indicative price of S$13.5 million. This works out to S$850 per square foot (psf) on a land area of around 15,871 square feet (sq ft), exclusive marketing agent CBRE said on Tuesday.
Bishan may get 1,500 new BTO flats by 2025
More than 1,500 Build-To-Order (BTO) flats could be available by 2025 in Bishan, one of Singapore’s most sought after housing estates. The Housing Board has called for a quotation for a traffic im-pact assessment (TIA) for a proposed public housing development in the area.
CapitaLand Commercial Trust Q3 DPU flat at S$0.022; inks new leases for CapitaSpring
CapitaLand Commercial Trust’s (CCT) distribution per unit (DPU) was unchanged from a year ago at 2.2 Singapore cents for the third quarter ended Sept 30. This amount comprised an advanced distribution of 0.62 cent for the period from July 1-28 which was paid out on Aug 29, and 1.58 cents for the period from July 29 to Sept 30, to be paid out with the Q4 DPU in February 2020.
Keppel soars on Temasek’s wings, lifting STI along
The stock price of Keppel Corp posted its largest intraday gain in over 20 years on Tuesday, lifting with it some stocks linked to Temasek Holdings and the blue-chip Straits Times Index (STI), a day after the Singapore investment company made a bid for a controlling stake in the diversified marine conglomerate. Margaret Yang, a market analyst at CMC Markets in Singapore, said: “Singapore’s market had one of its…
MLT private placement over 13 times subscribed at S$1.617 per unit
Mapletree Logistics Trust on Wednesday said that its private placement announced on Tuesday was over 13 times covered, with the issue price fixed at S$1.617 per new unit. The S$1.617 issue price was at the top end of the S$1.579 to S$1.617 range announced on Tuesday. This represents a discount of around 3.1 per cent to the volume-weighted average price of S$1.6685 per unit for all trades done on Oct 21 before…
New revenue contributions boost MIT’s Q2
New revenue contributions from recently acquired, refurbished or completed properties led Mapletree Industrial Trust (MIT) to post a higher distribution per unit (DPU) of 3.13 Singapore cents for its second quarter, up from the 3.01 Singapore cents it paid out a year ago. For the three months ended Sept 30, 2019, gross revenue rose 10.5 per cent to S$101.9 million, largely due to new revenue contributions from…
Frasers Centrepoint Trust posts 1.8% rise in Q4 DPU to 2.913 S cents
Frasers Centrepoint Trust’s (FCT) distribution per unit (DPU) rose 1.8 per cent to 2.913 Singapore cents from 2.862 cents a year ago for the fourth quarter ended Sept 30, 2019, boosted by higher portfolio occupancy and contributions. Gross revenue was down 0.5 per cent to S$48.3 million for the quarter, from S$48.5 million a year ago.
Frasers Commercial Trust posts flat DPU of S$0.024 for Q4
Frasers Commercial Trust’s (FCOT) distribution per unit (DPU) was unchanged from a year ago at 2.4 Singapore cents per unit for its fourth quarter ended Sept 30. Gross revenue inched up 1.3 per cent to S$32.9 million for the quarter from S$32.5 million a year earlier, the commercial real estate investment trust’s (Reit) manager said in a regulatory filing on Tuesday.
Suntec Reit Q3 DPU drops 5.1% to 2.365 S cents on enlarged unit base
Suntec Reit on Wednesday posted a 5.1 per cent drop in distribution per unit (DPU) to 2.365 Singapore cents for its third quarter ended Sept 30, from 2.491 cents a year ago. This was mainly due to an enlarged unit base, after units from a S$200 million private placement were issued on May 6.
PropertyGuru finds support at lower end of IPO range: sources
PropertyGuru, the South-east Asian online realty company, is offering shares at the lower end of the A$3.70 (S$3.46) to A$4.50 indicated range as it takes orders for its Australian initial public offering (IPO), according to two sources close to the deal. A book message, seen by Reuters, sent to investors on Tuesday by the deal’s joint lead managers, UBS and Credit Suisse, also says institutional demand is oversubscribed.
Global Economy & Global Real Estate
Trump Tower builder dumps luxury for cheap homes as India slows
Hard Rock CEO ponders buying a hotel on the Las Vegas strip
Luxury developer Candy may bid for massive swath of London land
Hong Kong announces fresh relief measures of HK$2b to boost economy
South Korea’s Q3 GDP q-o-q growth seen slowing, no quick recovery seen: poll
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