Keppel Corporation’s plan to transform itself into a global asset manager has been well received by investors and analysts, as the chief executive of the Temasek Holdings-backed group explains the shift announced on Wednesday as a continuation of changes begun… Read More>>
Ex-DWS CEO Joins Germany’s Patrizia as Founder Steps Back
Faced with a 76 percent drop in pre-tax earnings last year, Patrizia founder Wolfgang Egger has brought in some outside expertise with the German fund manager announcing this week that it has hired former DWS CEO Asoka Wöhrmann as chief… Read More>>
Mapletree Logistics Trust Sees Higher Borrowing Costs Dent Returns
Despite expanding its portfolio by two properties in its most recent fiscal year and collecting nearly 8 percent more rent, Mapletree Logistics Trust (MLT) saw its income distributable to unitholders edge up by just 1.1 percent in the first quarter,… Read More>>
CapitaLand’s CICT Books 11% Rise in Net Property Income as Singapore Market Booms
Singapore’s growth as a centre for commerce and technology is boosting returns for the largest REIT listed on the country’s stock exchange, with CapitaLand Integrated Commercial Trust (CICT) reporting an 11.3 percent increase in its net property income in the… Read More>>
Singapore Boosts Stamp Duty by Up to 100% to Cool Home Prices
After housing costs rose by more than 11 percent in the last year, including a 3.2 percent jump in in the first quarter, Singapore regulators shocked the market late Wednesday with their strictest property cooling measures yet – including doubling… Read More>>
SGX-Listed Suntec REIT Sees Distributions Slide on Interest Rates, Forex
SGX-listed Suntec REIT saw its distributable income drop to S$50.3 million in the first quarter, down 27 percent from a year earlier as high borrowing costs foreign exchange issues offset higher revenues from its core business.
Distributable income per unit… Read More>>
Family Office Buys Singapore Industrial Building From CapitaLand Ascendas REIT
The manager of CapitaLand Ascendas REIT has agreed to sell an industrial building in Singapore’s Toa Payoh area to the family office of a foreign investor, in a deal that values the asset at three times its acquisition value nine… Read More>>
Indonesian Family Buys Bungalows on Singapore’s Nassim Road for $155M
Temasek Holdings-backed Cuscaden Peak Investments has sold three mansions on Singapore’s Nassim Road for S$206.7 million ($155 million), according to a company representative, with a market source identifying the buyer to Mingtiandi as a wealthy Indonesian family.
The two-storey good… Read More>>
UOB to Invest $375M in Singapore Tech Centre
United Overseas Bank Ltd (UOB) expects to invest at least S$500 million ($375.3 million) to build a new global technology and innovation centre in an upcoming smart district in northeastern Singapore’s Punggol area as part of the local banking giant’s… Read More>>
Singapore New Home Sales Rise 14% in March as More Condos Hit The Market
Singapore new private home sales rose 13.6 percent to 492 units in March, reaching their highest level in six months as homebuyers bought up available units as quickly as they entered the market, according to data released by the Urban… Read More>>
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