Property
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Couple caught in 99-1 property transaction sue salesperson, PropNex and law firm for S$586,172
This is the third reported lawsuit embroiling PropNex over the sale arrangement for buyers to avoid paying more in ABSD [SINGAPORE] A PropNex subsidiary has been sued, along with its…
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Dubai property frenzy sets developers on a US$6 billion debt spree
From Islamic bonds to private credit, they ride one of the Gulf country’s longest real estate booms in years [DUBAI] Property developers in the United Arab Emirates are raising billions…
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Beyond property development: Far East Orchard leans on student accommodation for recurring income
[SINGAPORE] When real estate veteran Alan Tang took over as group chief executive officer of Far East Orchard (FEOR) on Jan 1, 2020, few could have foreseen how quickly the…
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Coliwoo enters joint venture to acquire 1 King George’s Avenue property for S$40 million
The REHAU Building will undergo conversion works to transform it into a co-living space [SINGAPORE] Coliwoo Holdings has entered into a 50:50 joint venture (JV) with Macritchie Developments to acquire…
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CDL sells US$143.5 million residential property in Silicon Valley
The transaction will enable the company to reduce gearing and redeploy the capital to maximise shareholder returns: CEO Sherman Kwek [SINGAPORE] City Developments Ltd (CDL) on Thursday (Nov 20) said…
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Stamford Tyres puts commercial property at 455 MacPherson Road up for sale at S$12.5 million
With a land area of 10,236 square feet, the location currently houses one of the company’s tyre retail outlets [SINGAPORE] Tyre and wheel distributor Stamford Tyres (Stamford) has put its…
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CDL posts 48.7% drop in Q3 Singapore property sales value amid lack of new launches
The group also reports that it is in advanced talks over the sale of Sentosa Cove’s Quayside Isle [SINGAPORE] Sales value in the Singapore market for City Developments Ltd (CDL)…
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Frasers Property full-year profit rises 17.8% to S$243.1 million
[SINGAPORE] Net fair value change and reversal of tax provisions helped Frasers Property’s full-year earnings increase by 17.8 per cent, said the real estate company on Friday (Nov 14). For…
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Frasers Property full-year profit rises 17.8% to S$243 million on fair value gains; revenue dives S$800 million
[SINGAPORE] Net fair value change and reversal of tax provisions helped Frasers Property’s full-year earnings increase by 17.8 per cent, said the real estate company on Friday (Nov 14). For…
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Frasers Property H2 profit falls 32.2% to S$100.9 million on lower contributions from residential projects
[SINGAPORE] Frasers Property posted a net profit of S$100.9 million for the six months ended Sep 30, a 32.2 per cent decline from S$148.9 million for the corresponding period a…
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Stocks to watch: SIA, Sats, Venture Corp, Frasers Property, First Resources, Bumitama Agri, StarHub, Centurion
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Nov 14): Source link
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EC World Reit Q3 net property income down 60.5%; illegally mortgaged units face 2 lawsuits
The Reit is suspended from trading, and it is unlikely to declare any distribution for FY2025 [SINGAPORE] The manager of EC World Reit posted a net property income of S$9…
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Acrophyte Hospitality Trust 9-month net property income falls 13.9% to US$29.1 million
The drop is largely due to hotel dispositions and renovations, as well as increases in operating expenses [SINGAPORE] Acrophyte Hospitality Trust’s net property income (NPI) for the first nine months…
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CapitaLand Ascendas Reit to divest logistics property in Australia for S$90 million
Sale consideration is a 17.2% premium to the original purchase price of S$76.8 million when the property was acquired in 2015 [SINGAPORE] CapitaLand Ascendas Reit (Clar) is divesting a logistics…
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DBS CEO Tan Su Shan sees tech-led growth in China despite property slowdown
[SINGAPORE] China’s push into deep technology and artificial intelligence is creating pockets of growth despite an uneven recovery in its property sector and subdued consumer sentiment, DBS Group chief executive…
