LIPPO Malls Indonesia Retail Trust's (LMIRT) preferential offering has raised gross proceeds of S$281 million through a 53.84 per cent subscribed rights issue, its manager said in a bourse filing on Jan 18.
WHEN UOL Group sold 442 units at the Clavon condo along Clementi Avenue 1 by the end of the first day of its public launch, Dec 12, it achieved the best launch-day sale volume for a Singapore private housing project in 2020.
CHINA'S most-indebted property developer is scrambling, as officials push an aggressive cleanup of the bubble-prone sector. The ongoing pain of US$25 billion Evergrande, with businesses spanning theme parks to electric vehicles, is a vivid measure of how far Chinese President Xi Jinping will go to reallocate capital and de-risk the economy.
AS the Covid-19 pandemic continues to ravage the UK, hotels are suffering, particularly in London, which is missing international visitors. Unsurprisingly, Singapore-listed GL Limited, whose core business is owning and operating 13 hotels in London, reported a loss for the half year ended Dec 31, 2020 last week.
THE manager of OUE Commercial Real Estate Investment Trust (OUE C-Reit) said it is divesting a 50 per cent stake in the Reit's OUE Bayfront property based on an agreed value of S$1.27 billion, or S$3,170 per square foot, to a special purpose vehicle (SPV) managed by Allianz Real Estate.
UNITHOLDERS of First Reit on Tuesday voted in favour of the proposed restructuring of the Lippo Karawaci (LK) master lease agreements (MLAs), as well as the whitewash resolution waiving the right to receive a takeover offer from First Reit's substantial shareholder OUE.
WHILE a steady 2 to 3 per cent annual increase in the Singapore property price index (PPI) in line with household income growth is well supported by fundamentals, an acceleration in excess of 5 per cent will tip the market into "bubble territory", according to DBS Group Research.
THE manager of OUE Commercial Real Estate Investment Trust (OUE C-Reit) has agreed to divest a 50 per cent stake in the Reit's OUE Bayfront property based on an agreed value of S$1.27 billion, or S$3,170 per square foot, to a special purpose vehicle (SPV) managed by Allianz Real Estate.
THE Singapore government is paying "close attention" to the local real estate market "to ensure that it remains stable", said Deputy Prime Minister Heng Swee Keat.
TOTAL construction demand is projected to recover to between S$23 billion and S$28 billion this year, but industry players are mixed on whether they have the capacity to cope with the rising demand, given manpower issues.
HIGHER unemployment is a symptom of Singapore's worst recession since its independence - but all those dour numbers have not deterred home buyers here.
A FEARED slump in the private property market did not quite materialise in 2020; and with the ongoing momentum in the sales of private homes, things may have turned a corner for developers heading into 2021.
RETAIL and hospitality Singapore-listed real estate investment trusts (S-Reits) were the hardest hit by the Covid-19 pandemic and should continue their recovery in 2021, according to Credit Suisse. This comes amid a return to normality for domestic mobility, and a slow improvement for international travel, it said in a sector note on Monday.
NEWLY restructured OrangeTee & Tie (OTT) is dialling up its digitalisation and data-driven efforts as it sets its sights on an increase of at least 30 per cent in its 2021 top line from 2019's level.