RESIDENTIAL real estate in the US is capturing the attention of more individuals in Asia, as these investors are drawn to the country’s broad and deep property market and the potential inflation hedges.
An anticipated surge in supply could slow price and rental growth in the industrial property sector, after 6 straight quarters of price and rental rises.
Freehold boutique development Baywind Residences at Telok Kurau is slated to start showflat previews on Saturday (May 14), with guide prices from below S$2 million.
UNITED Hampshire US Real Estate Investment Trust (UHReit) on Thursday (May 12) reported a 7.9 per cent increase in its distributable income to US$8.1 million for the first quarter ended Mar 31, 2022, compared with the US$7.6 million in the corresponding period last year.
NET property income for OUE Commercial Reit (OUE C-Reit) fell 21.5 per cent to about S$48 million for the first quarter ended Mar 31, 2022, from S$61.1 million in the year-ago period.
MOODY'S Investors Service has changed its outlook on Ascott Residence Trust (ART) and Frasers Hospitality Trust (FHT) to “stable” from “negative” while affirming its Baa3 rating for both trusts.
A SUBSIDIARY of mainboard-listed Sinarmas Land has agreed to purchase a freehold prime commercial building in London for some £195 million (S$334 million) from LS London Holdings One.
DAIWA House Logistics Trust on Thursday (May 12) posted a distribution per unit (DPU) of S$0.0131 for the first quarter ended Mar 31, 2022. This was up 0.8 per cent from its pro-rated forecast of S$0.013, the manager said in its first business update since the real estate investment trust’s (Reit) <a href="/companies-markets/daiwa-house-logistics-trust-ipo-sees-public-offer-95-times-subscribed" target="_blank">listing on Nov 26, 2021</a>.
SASSEUR Real Estate Investment Trust (Sasseur Reit), which owns outlet malls in China, is finding itself caught in a rising interest rate environment as it carries out a refinancing exercise for its quickly maturing loans.
CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) on Thursday (May 12) posted a 7.1 per cent rise in distributable income to 23.3 million euros (S$34.1 million) for the first quarter ended Mar 31, 2022, from 21.7 million euros in the year-ago period.
FRASERS Property will continue to focus on growing its exposure to the industrial and logistics (I&L) sector as well as commercial and business park assets to capture new economy opportunities over the next 2 years.
DATA and artificial intelligence (AI) provider Real Estate Analytics has acquired Singapore property technology (proptech) firm SoReal Prop in a cash-and-equity deal. The deal value and other details were not disclosed.
CAPITALAND Investment (CLI) posted a 16 per cent growth on year in revenue to S$598 million for its first quarter ended Mar 31, 2022, amid a healthy growth in fee-related earnings (FRE) from its fund and lodging management businesses.
EUROPE-FOCUSED IReit Global flagged a possible slowdown in the region’s office letting and investment activity, as the outbreak of war between Ukraine and Russia as well as rising interest rates and inflation have led to “significant economic and geopolitical uncertainty”.
THOMSON View Condominium is up for collective sale again via public tender, with a guide price of S$950 million, said exclusive marketing agent OrangeTee Advisory on Wednesday (May 11).
A ROW of shophouses located at 284 to 296 Geylang Road has been put up for sale via expression of interest with a reserve price of S$50 million.
RESIDENTIAL property rentals hit their highest levels in April, surpassing their last peaks in 2013, with rents expected to keep rising as Singapore reopens and foreigners return to work here.
REAL estate agency PropNex on Wednesday (May 11) posted a 6.1 per cent dip in net profit to S$13.9 million for the first quarter ended Mar 31, 2022, compared to net profit of S$14.8 million the previous year.
GROUP revenue for mainboard-listed Centurion Corp rose about 47 per cent to S$45.1 million in the first quarter ended Mar 31, 2022, from S$30.7 million in the year-ago period.
CONDOMINIUM resale prices in Singapore are up for the 21st straight month to rise 0.7 per cent in April, as compared to prices in March.
ANALYSTS have trimmed their target prices on Manulife US Real Estate Investment Trust (Manulife US Reit). This came as the US-focused Reit saw a dip in portfolio occupancy in the first quarter ended March, although rental reversions improved on quarter.
THE upcoming 14,679 square metre (sq m) warehousing development for Cromwell European Real Estate Investment Trust’s (Cromwell E-Reit) Czech Republic asset, Lovosice One Industrial Park I, now has 4 secured leases with both new and existing tenant-customers.
ASCENDAS Reit has proposed to acquire 7 logistics properties located across 6 infill industrial submarkets in Chicago, Illinois, United States for S$133.2 million.
THE move to apply an Additional Buyer’s Stamp Duty (ABSD) to residential properties transferred into a living trust plugs a gap in the ABSD regime, while levelling the playing field to make things more equitable, analysts said.
IN a column in The Level Ground earlier this year, I wondered if there may be measures taken to curtail the buying of homes in the name of minors who are Singapore citizens.
Hong Kong’s gross domestic product fell 4 per cent year-on-year (yoy) in Q1 2022, advance estimates released by the government showed. Retail sales in the territory suffered double-digit declines from a year ago in each of February and March.