Singapore Real Estate
Tong Lee Building up for collective sale at S$410 million guide price
Prime freehold industrial property Tong Lee Building will be put up for collective sale through an open tender on Tuesday (Mar 19), said marketing agent Strata AMC.
https://www.businesstimes.com.sg/property/tong-lee-building-collective-sale-s-410-million-guide-price
Apac real estate values emerge after ‘the great reset’
The sharp rise in global interest rates that took hold in the second half of 2022 drove a “great reset” of real estate values, with mixed impact on investors and lenders.
https://www.businesstimes.com.sg/wealth/apac-real-estate-values-emerge-after-great-reset
Sabana should lead smaller Reits with underperforming unit prices to look for an exit
Some unitholders of Sabana Industrial Real Estate Investment Trust : M1GU +1.39% (Sabana Reit) who voted to remove Sabana Real Estate Investment Management (SREIM) as the trust’s manager and kick off the process of internalising the Reit’s manager on Aug 7, 2023, may be overcome with remorse.
https://www.businesstimes.com.sg/opinion-features/sabana-should-lead-smaller-reits-underperforming-unit-prices-look-exit
Business News
AcroMeta subsidiary proposes office disposal for $940,000
Acro Harvest Engineering, a wholly-owned subsidiary of AcroMeta Group 43F 0.00% , has proposed the sale of its office unit at Unity Centre for a purchase consideration of $940,000.
https://www.theedgesingapore.com/news/company-news/acrometa-subsidiary-proposes-office-disposal-940000
Ultra-fast EV chargers in S’pore by end-2024 under EV-electric tie-up with Huawei
Singapore – Ultra-fast chargers that can fully charge an electric vehicle (EV) within 30 minutes are slated to be installed in Singapore by the end of 2024.
https://www.straitstimes.com/singapore/transport/ultra-fast-ev-chargers-due-in-s-pore-by-2024-under-tie-up-with-huawei-ev-electric
Global Economy & Real Estate
US homebuilder sentiment increases to an eight-month high
https://www.businesstimes.com.sg/property/us-homebuilder-sentiment-increases-eight-month-high
US dollar dips, yen steadies as BOJ policy shift beckons
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-dollar-dips-yen-steadies-boj-policy-shift-beckons
Manulife US Reit manager names new CEO, CFO amid leadership exodus
https://www.businesstimes.com.sg/companies-markets/manulife-us-reit-manager-names-new-ceo-cfo-amid-leadership-exodus
Canadian home sales dip; prices snap 5-month streak of declines
https://www.businesstimes.com.sg/property/canadian-home-sales-dip-prices-snap-5-month-streak-declines
China’s property investment declines slow but sector still shaky
https://www.businesstimes.com.sg/property/china-s-property-investment-declines-slow-sector-still-shaky
China’s drive to grow 5% in 2024 starts with uneven showing
https://www.straitstimes.com/asia/china-s-drive-to-grow-5-in-2024-starts-with-uneven-showing
China’s economy rebounds, but do mixed signals mean it will be short-lived? 6 takeaways from January-February data
https://www.scmp.com/economy/economic-indicators/article/3255834/chinas-economy-rebounds-do-mixed-signals-mean-it-will-be-short-lived-6-takeaways-january-february
China property investment seen stabilising as analysts count on financing lifeline, demand to spur recovery
https://www.scmp.com/business/china-business/article/3255817/china-property-investment-seen-stabilising-analysts-count-financing-lifeline-demand-spur-recovery
No competition: Dubai complements Singapore’s fight for family offices, industry watchers say
https://www.businesstimes.com.sg/companies-markets/no-competition-dubai-complements-singapore-s-fight-family-offices-industry-watchers-say
Dubai royal nephew opens US$500 million family office in Hong Kong
https://www.businesstimes.com.sg/companies-markets/dubai-royal-nephew-opens-us-500-million-family-office-hong-kong
Economic competitiveness becoming top European concern
https://www.businesstimes.com.sg/opinion-features/economic-competitiveness-becoming-top-european-concern
Hong Kong private credit goes where banks fear to tread: loans against property
https://www.scmp.com/business/banking-finance/article/3255796/hong-kong-private-credit-goes-where-banks-fear-tread-loans-against-property
Hong Kong’s Dec-Feb unemployment holds steady at 2.9%
https://www.businesstimes.com.sg/international/hong-kong-s-dec-feb-unemployment-holds-steady-2.9
Hong Kong’s property downturn yet to run its course, with home prices set to decline by up to 10% this year, S&P says
https://www.scmp.com/business/article/3255848/hong-kongs-property-downturn-yet-run-its-course-home-prices-set-decline-10-year-sp-says
Hong Kong housing rebound starts to cool as weekend sales fall
https://www.businesstimes.com.sg/property/hong-kong-housing-rebound-starts-cool-weekend-sales-fall
Beyond weak Q4 earnings, analysts sanguine over Malaysia’s earnings growth in 2024
https://www.businesstimes.com.sg/international/asean/beyond-weak-q4-earnings-analysts-sanguine-over-malaysia-s-earnings-growth-2024
Swedish property group SBB offers to buy back more debt
https://www.businesstimes.com.sg/property/swedish-property-group-sbb-offers-buy-back-more-debt
UK landlords face higher taxes on home sales despite Hunt’s budget relief
https://www.businesstimes.com.sg/property/uk-landlords-face-higher-taxes-home-sales-despite-hunt-s-budget-relief
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