DAILY NEWS

Daily News – 28 Nov 2019

Singapore Real Estate

One Holland Village Residences units to go on sale this weekend
Selected units of One Holland Village Residences, developed by Far East Organization, Sekisui House and Sino Group, will go on sale on Saturday. It will offer apartments across three buildings – the 34-storey Sereen, the 28-storey Quincy Private Residences, and the three-storey Leven with a roof terrace.
https://www.businesstimes.com.sg/real-estate/one-holland-village-residences-units-to-go-on-sale-this-weekend-0
https://www.straitstimes.com/singapore/housing/one-holland-village-homes-to-open-for-sale-on-saturday

Biopolis to expand to better aid biotech start-ups
Research and development hub Biopolis will be expanded to meet the needs of biotechnology start-ups, said Senior Minister of State for Trade and Industry Koh Poh Koon yesterday. Industrial landlord JTC expects Phase 6 of Biopolis to be completed by mid-2022. The tender for the work was launched in August and closes on Dec 4.
https://www.straitstimes.com/business/companies-markets/biopolis-to-expand-to-better-aid-biotech-start-ups

Singapore Economy

Growth in service sector revenue continues to slow in Q3
Takings in the service sector continued to rise in the third quarter but at a slower pace, according to the Department of Statistics (SingStat) yesterday. Overall business receipts grew 1.9 per cent year on year in the three months to Sept 30, with most categories registering an increase, except for education, recreation and personal services.
https://www.straitstimes.com/business/economy/growth-in-service-sector-revenue-continues-to-slow-in-q3
https://www.businesstimes.com.sg/infographics/singapore-services-business-receipts-grow-19-in-q3

Companies’ Brief

New units from a-iTrust’s private placement to start trading on Thursday
Some 99.5 million new units in Ascendas India Trust (a-iTrust) from a private placement will start trading on the Singapore Exchange at 9am on Nov 28, the trustee-manager said in a bourse filing on Thursday morning. The placement was 4.1 times subscribed and the number of new units issued was increased to 99.5 million, from a minimum of 66.3 million. The issue price was fixed at S$1.508 per new unit, the top…
https://www.businesstimes.com.sg/companies-markets/new-units-from-a-itrusts-private-placement-to-start-trading-on-thursday

SPH Reit sees potential in Aussie acquisition
Unitholders questioned SPH Reit’s manager on its plans for the Reit’s latest proposed acquisition Down Under at an annual general meeting (AGM) on Wednesday. In particular, unitholders were keen to find out its strategy for the freehold Westfield Marion Shopping Centre in Adelaide, as well as the rationale behind a private placement to partially fund the acquisition.
https://www.businesstimes.com.sg/companies-markets/sph-reit-sees-potential-in-aussie-acquisition
https://www.straitstimes.com/business/sph-reit-sees-potential-in-aussie-mall-investment

First Sponsor sells Amsterdam office building to associate for 55.3m euros
Property developer First Sponsor has sold the entire share capital in a wholly-owned subsidiary, which has a perpetual leasehold interest in a land parcel in the Netherlands, to a 33 per cent-owned associate firm, FSMC NL Property Group. As a result, the subsidiary, FS NL Zuidoost Property 15 BV (NLP15), has become an indirect 33 per cent-owned associate company of First Sponsor, the mainboard-listed group said in a…
https://www.businesstimes.com.sg/companies-markets/first-sponsor-sells-amsterdam-office-building-to-associate-for-553m-euros
https://www.straitstimes.com/business/companies-markets/first-sponsor-sells-amsterdam-office-building-to-associate-for-834m

RHT Health Trust may not proceed with winding up; seeks to adjourn EGM
The trustee-manager of mainboard-listed RHT Health Trust is proposing to adjourn an upcoming extraordinary general meeting (EGM) meant to seek unitholders’ approval for RHT’s voluntary winding up. It will be in the interests of unitholders to adjourn the EGM until RHT is able to make an informed decision as to whether and how the proposed winding up may proceed, the trustee-manager said on Thursday.
https://www.businesstimes.com.sg/companies-markets/rht-health-trust-may-not-proceed-with-winding-up-seeks-to-adjourn-egm

Metro to launch store on e-commerce platform Lazada on Black Friday
Property investment and retail group Metro Holdings is launching its Metro LazMall store on e-commerce platform Lazada Singapore on Nov 29, the day on which the shopping event Black Friday falls. LazMall is a virtual marketplace on Lazada that houses authentic and trusted brands from around the globe. It is currently home to over 6,500 brands.
https://www.businesstimes.com.sg/consumer/metro-to-launch-store-on-e-commerce-platform-lazada-on-black-friday