Property
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China banks ramp up bad property loan disposals to boost economy
[NEW YORK] China’s big banks are accelerating a drive to write off soured property loans to clean up their balance sheets as they heed calls by policymakers to back the…
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China’s steel market is still in thrall to bleak property data
[LONDON] Chinese steel prices are languishing, despite signs of resilience in the wider economy and the approach of peak demand season in the building industry. The disconnect between better economic…
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EC World Reit appoints new property managers, port operator
[SINGAPORE] The manager of EC World Real Estate Investment Trust (EC World Reit) announced on Monday (Mar 17) the appointment of new property managers and a port operator for the…
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Philippines has priciest property stock on business hub plan
Golden MV has no official analyst ratings or earnings estimates according to data compiled by Bloomberg [MANILA] A Philippine cemetery chain’s ambition to create a new business hub for the…
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Stoneweg European Reit eyes growth with a new sponsor as property in Europe rebounds in 2024
EUROPEAN commercial property deals rebounded in 2024 after two years of contraction, with MSCI data showing a busy fourth quarter with a transaction value totalling 55.6 billion euros (S$80.3 billion),…
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Blackstone gets US$8 billion in commitments for property debt fund
BLACKSTONE secured about US$8 billion in capital commitments for a new real estate debt fund, the latest effort to seize on dislocations in the property market. Blackstone Real Estate Debt…
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Europe’s property market draws Asian investors fleeing China
PRIVATE equity players in Europe are upbeat on the region’s property market, especially the residential and industrial sectors that are boosted by rising interest from Asian investors who are moving…
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Property Tycoon Ong Beng Seng Set to Plead Guilty Over Singapore Ex-Minister Scandal on April 2
Property magnate Ong Beng Seng is scheduled to enter a guilty plea to two counts related to the investigations of former Transport Minister S. Iswaran by the Corrupt Practices Investigation…
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CDL H2 net profit drops 54.7% to S$113.5 million on property development segment’s lower contributions
PROPERTY player City Developments Ltd (CDL) posted a profit of S$113.5 million for its second half ended Dec 31, down 54.7 per cent from S$250.8 million in the previous corresponding…
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Keppel’s new commercial property secures financial services company as anchor tenant
The Tanjong Pagar building features smart building management systems and renewable energy use ASSET manager Keppel’s new commercial property has completed construction, and a financial services company has been secured…
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Stocks to watch: DBS, Suntec Reit, Frasers Property, Hutchison Port, Zheneng Jinjiang, Creative Tech
THE following companies saw new developments that may affect trading of their securities on Monday (Feb 10). DBS: The lender posted net profit for the fourth quarter that was…
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Directors raise interests in S-Reit & property trust sector
OVER the five trading sessions from Jan 31 to Feb 6, institutions were net sellers of Singapore stocks, leading to net institutional outflow of S$169 million. This brings the net…
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Directors raise interests in S-Reit and property trust sector
OVER the five trading sessions from Jan 31 to Feb 6, institutions were net sellers of Singapore stocks, leading to net institutional outflow of S$169 million. This brings the net…
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Property tycoon Gordon Tang and wife’s takeover bid of Suntec Reit lapses without fulfilling 50% threshold
PROPERTY tycoon Gordon Tang and his wife Celine have failed to take over Suntec Real Estate Investment Trust (Reit), as their shareholding fell short of the 50 per cent threshold…
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Thai billionaire Charoen to retire as Frasers Property chairman; other board changes announced
FRASERS Property announced on Friday (Feb 7) evening that its board chairman, Thai billionaire Charoen Sirivadhanabhakdi, will retire from office on Feb 8, 2025. He will be succeeded by Chumpol…
