Posts Tagged ‘Properties’
Tropical Storm Debby Brought Along Tornadoes Killing One, Damaging Properties
Tropical Storm Debby not only brought relentless rainfall but also caused several damaging tornadoes. These tornadoes claimed the life of one person and even shut down a portion of Interstate 95. According to the Associated Press, Debby is expected to hit the East Coast hard, and residents must be prepared for several inches of flooding…
Read MoreNo arrests made in connection with properties purchased by Oxley CEO, group says
PROPERTY developer Oxley Holdings has clarified that no person has been arrested in connection with chief executive officer Ching Chiat Kwong’s purchase of Palazzo Dona and Palazzo Papadopoli in Venice. Ching is also not subject to any personal restrictions in Italy, and no precautionary measure restricting personal liberty has been requested by the public prosecutor…
Read MoreDigital Core Reit 1H 2024 DPU falls due to divested properties
DIGITAL Core Real Estate Investment Trust (Reit) reported a 6.3 per cent fall in distribution per unit (DPU) to US$0.018 for the first half of 2024 from US$0.0192 in H1 2023. In a bourse filing on Wednesday (Jul 24), the data centre Reit’s manager announced that the Reit’s revenue for the same time period fell…
Read MoreDigital Core Reit H1 2024 DPU falls due to divested properties
The drop comes as a higher unit base from the private placement is announced in February 2024 DIGITAL Core Real Estate Investment Trust (Reit) reported a 6.3 per cent fall in distribution per unit (DPU) to US$0.018 for the first half of 2024 from US$0.0192 in H1 2023. In a bourse filing on Wednesday (Jul…
Read MoreFrasers Hospitality aims to add 20 properties over four years, including 9 opening in China, Vietnam
FRASERS Hospitality is aiming to add 20 properties to its portfolio over the next four years as it continues to ride on the post-pandemic recovery trajectory. On Thursday (Jul 4), the strategic business unit of Frasers Property said this includes nine properties scheduled to open in the next two years across China and Vietnam. Under…
Read MoreCapitaLand Investment adopts cooling-as-a-service at flagship Singapore properties
CapitaLand Investment (CLI) will adopt cooling-as-a-service (Caas) systems in Raffles City Singapore, Plaza Singapura and The Atrium@Orchard, the global real asset manager announced on Tuesday (Jun 18). This comes amid the company’s efforts to drive for sustainability and cost efficiency. The cooling systems across the three flagship properties will cover 4.8 million square feet (sq…
Read MoreLand business unit not involved in sale of Thai properties, says Yoma
YOMA Strategic : Z59 0% has clarified that its land unit, Yoma Land, is not involved in the business of selling properties in Thailand. On Wednesday (Jun 5), the Myanmar-focused conglomerate emphasised that Yoma Land’s focus is solely on selling Myanmar properties. Any past or present property sales events related to condominiums in Bangkok are…
Read MoreCompanies should carry hotels and properties held for own use at fair value
VALUATION is both an art and a science. Generally, there are prescribed or widely used methods to value assets such as businesses, financial instruments, art works, jewellery, antiques and property. Still, any valuation exercise involves some judgement, and experts in any given type of asset can ascribe varying valuations. Source link
Read MoreFrasers Property to install 4,500 sq m of solar panels in its properties in SP Group tie-up
FRASERS Property : TQ5 0% is tying up with SP Group to install close to 4,500 square metres (sq m) of solar panels across seven of its retail and commercial properties in Singapore. The properties are Alexandra Technopark, Causeway Point, Century Square, Hougang Mall, Northpoint City (North Wing), Tampines 1 and White Sands, Frasers Property…
Read MoreStocks to watch: Second Chance Properties, ESR-Logos Reit, Banyan Tree
THE following companies saw new developments that may affect trading of their securities on Thursday (Mar 28): Second Chance Properties : 528 0%: The developer posted a 52.8 per cent year-on-year fall in its net profit to S$4.3 million for its first half ended Feb 29, 2024, due to lower contributions from its properties and…
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