Property
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Chinese Property Firm Kaisa Strikes Debt Restructuring Deal
Kaisa was the first of the Chinese property giants to default on dollar-denominated bonds AFP Chinese property developer Kaisa has reached an agreement with creditors for partial repayment of its…
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Property groups should sell low-yielding investment properties, go slow in raising debt
ACCESS to debt appears fine for Singapore-listed property groups. Frasers Property announced in July that it had secured a sustainability-linked loan amounting to around S$904 million, comprising an Australian dollar…
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Some eurozone banks too optimistic in valuing commercial property, ECB finds
SOME of the eurozone’s top banks may be inflating the value of commercial real estate, potentially masking a deterioration of loans to a sector struggling with a sharp downturn, a…
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Stocks to watch: DBS, SGX, Frasers Property, Sasseur Reit
THE following companies saw new developments that may affect trading of their securities on Thursday (Aug 8): Source link
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Frasers Property sees challenging operating environment for its business in Thailand
FRASERS Property said that it is managing its residential business in Thailand with “agility amid a challenging operating environment” in a business update on Wednesday (Aug 7) for the third…
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Parkway Life Reit acquires Osaka nursing home property for 2.4 billion yen
Parkway Life Real Estate Investment Trust (Reit) is acquiring a nursing home property in Osaka, Japan, for 2.4 billion yen (S$20.7 million), its manager said on Tuesday (Jul 30). The…
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CDL Hospitality Trusts H1 net property income up 5.9% at S$66.5 million
CDL Hospitality Trusts’ (CDLHT) net property income (NPI) for the first half ended Jun 30, 2024, rose 5.9 per cent to S$66.5 million, from S$62.9 million in the year-ago period.…
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LMIRT posts 9.2% fall in Q2 net property income; distributions still withheld
LIPPO Malls Indonesia Retail Trust (LMIRT) posted a 9.2 per cent drop in net property income (NPI) to S$29.4 million for the second quarter ended Jun 30, amid a challenging…
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Pan Pacific Hotels to debut in Kyoto with new property in Japan portfolio
PAN Pacific Hotels Group will debut in Kyoto through the addition of The Hotel Higashiyama Kyoto Tokyu to its Japan portfolio in 2025. The hospitality company said on Monday (Jul…
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Parkway Life Reit H1 2024 DPU rises 3.5% despite fall in net property income
PARKWAY Life Real Estate Investment Trust (Reit) posted a 3.5 per cent rise in distribution per unit (DPU) to S$0.0754 for its first half ended Jun 30, from S$0.0729 in…
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ESR buys remaining 12.3% stake in Logos Property Group
REAL estate investment manager ESR Group will acquire the remaining 12.3 per cent stake in Logos Property Group, which will become an indirect wholly owned subsidiary when the transaction is…
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Stamford Land takes out shareholders’ loans for UK property
These were procured after considering the company’s cash position, funding requirements STAMFORD Land on Thursday (Jul 25) announced an interested persons transaction in taking out shareholders’ loans totalling about S$413.5…
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OUE Reit H1 DPU falls 11.4% despite higher revenue, net property income
OUE Real Estate Investment Trust (OUE Reit) reported a distribution per unit (DPU) of S$0.0093 for the first half of its fiscal year ended Jun 30, down 11.4 per cent…
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OUE braces for H1 loss on property market slowdown, economic uncertainty in China
Group expects red ink of S$92 million to S$106 million from investee firm it owns 25.2% of PROPERTY developer OUE expects to record a net loss for the first six…
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ThaiBev proposes share swap involving Frasers Property shares, in a bid to exit property business
THAI Beverage Public Company (ThaiBev) has proposed a share swap which will result in the beverage manufacturer exiting the property business and becoming a pure-play food and beverage company. ThaiBev…
