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Amara CEO Albert Teo

Amara Hotels Could Be Next Real Estate Buyout Target on the SGX

2023/06/20 by Beatrice Laforga Leave a Comment

Amara Holdings said on Monday that it is in talks with its controlling shareholders regarding a potential deal, with analysts speculating that the SGX-listed hotel owner and operator could be Singapore’s latest buyout target.

Amara, which saw its stock skyrocket… Read More>>

Tembusu Grand

Singapore’s CDL Sees Q1 Sales Plunge 55% as Home Inventory Runs Dry

2023/05/22 by Beatrice Laforga Leave a Comment

City Developments Ltd (CDL) saw its sales plunge 55 percent in the first quarter as it nearly ran out of homes to sell in Singapore’s housing frenzy.

Singapore’s largest non-government-backed developer sold 88 units worth S$213.2 million ($158.4 million) in… Read More>>

Chong Kee Hiong Suntec

SGX-Listed Suntec REIT Sees Distributions Slide on Interest Rates, Forex

2023/04/26 by Beatrice Laforga Leave a Comment

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>>

EC World REIT CEO Goh Toh Sim

Singapore-listed EC World REIT Seeks Further Extension on $114M in Debt

2022/12/27 by Beatrice Laforga Leave a Comment

After failing to consummate planned divestments of a pair of Hangzhou properties, SGX-listed EC World REIT says it is now in talks with both local and foreign lenders for a further repayment extension on $114 million in debt due on… Read More>>

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