Singapore Real Estate
Muted response to two Government Land Sale sites, but third site pulls in nine bids
At the close of three Government Land Sale (GLS) tenders on Thursday, a site in Tan Quee Lan Street in Bugis had secured only two bids, and one in Bernam Street in Tanjong Pagar, four bids. The third site in one-north Gateway, which required the least outlay, pulled in nine bids.
Fewer HDB resale flats sold in August, prices up slightly: SRX
There were fewer Housing and Development Board (HDB) resale flats sold in August compared with July, though resale prices showed a slight increase month on month. A total of 1,921 HDB resale flats changed hands in August, a 9.4 per cent decline from the month before, real estate portal SRX Property said in its flash estimates on Thursday.
Far East Hospitality to open its first hotel in Japan ahead of Tokyo 2020
Singapore hotelier Far East Hospitality (FEH) on Thursday said it is opening its first hotel in Japan in the second quarter of 2020, with an aim to do so before the 2020 Tokyo Olympics. Called Village Hotel Ariake Tokyo, the hotel will be the first under the group’s Village brand outside of Singapore.
Keppel-KBS US Reit changes name to Keppel Pacific Oak US Reit
Keppel-KBS US Reit has changed its name to Keppel Pacific Oak US Reit, effective Sept 5. The Reit’s manager said on Thursday that its counter name on the Singapore Exchange will be changed to KepPacOakReitUSD starting from Sept 10, at 9 am.
Mapletree Commercial Trust to replace Hutchison Port Holdings Trust on STI
Mapletree Commercial Trust (MCT) will join the benchmark Straits Times Index (STI) with effect from Sept 23, replacing Hutchison Port Holdings Trust (HPHT). Based on mid-year STI weightages and comparative performances to date, MCT would maintain a weightage in the STI that is close to 1.5 per cent. This would bring the combined weightage of the four Reits (real estate investment trusts) in the STI to around 8 per…
Surbana inks 10 MOUs to boost productivity and sustainability
Urban and infrastructure consultancy Surbana Jurong inked a partnership with JTC Corporation on Thursday to develop solutions that will boost digitalisation, automation and sustainability in the built environment sector. The memorandum of understanding (MOU) aims to combine JTC’s project management and engineering capabilities with Surbana Jurong’s urban and infrastructure consulting…
Global Economy & Global Real Estate
China and US to hold trade talks in October as mistrust remains
Trade uncertainty to cut 1% from US GDP: Federal Reserve
WeWork weighs slashing IPO valuation as scepticism rises over business model: Sources
China signals further stimulus coming as economic headwinds rise
Japan real wages drop for 7th straight month in July
Japan household spending rises 0.8% y-o-y in July
Philippines annual inflation slows to 1.7% in August
Dubai house prices to fall sharply on oversupply and slowdown in economy: poll
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