Central Business District (CBD)

FLCT to begin façade enhancements initiative to 50%-owned Central Park in Australia - THE EDGE SINGAPORE

REITs

FLCT to begin façade enhancements initiative to 50%-owned Central Park in Australia

According to Robert Wallace, CEO of the manager, the façade enhancement is “is in line” with FLCT’s asset management strategy.
Analysts maintain their estimates on Keppel REIT following 'another stable quarter' - THE EDGE SINGAPORE

Broker's Calls

Analysts maintain their estimates on Keppel REIT following 'another stable quarter'

The analysts at DBS have maintained their "buy" call while RHB's analyst has also maintained his "neutral" recommendation.

In print this week

Life after the Great Lockdown of 2020

The Covid-19 pandemic is a set to disrupt every aspect of society – for better or worse. Say goodbye to life as you know it

Singapore economy

It's all work, all play in Singapore if urban plan gets go ahead

(Apr 5): Living where you work and play may not seem like the ideal balance in terms of escaping the grind, but it’s a key plank of Singapore’s vision for its central business district.

Broker's Calls

CapitaLand Commercial Trust to maintain positive rental reversions in 2020: UOB

SINGAPORE (Jan 14): UOB Kay Hian is maintaining its “buy” call on CapitaLand Commercial Trust (CCT), while raising its target price to $2.11 from $2 previously after fine-tuning 2018-20F DPU by –3 to 1% upon adjusting rental assumptions.

Property

HSBC Singapore announces head office move to Marina Bay Financial Centre by April 2020

SINGAPORE (Sept 13): HSBC Singapore today announced plans to relocate its head office from Collyer Quay to Marina Bay Financial Centre (MBFC) Tower 2, where it will occupy approximately 140,000 sq ft over the top floors of the 50-storey building.

Broker's Calls

Frasers Commercial Trust still an attractive office play despite limited upside to near-term DPU: OCBC

SINGAPORE (July 2): OCBC Investment Research is reiterating its “buy” call on Frasers Commercial Trust (FCOT) while lowering its fair value estimate by a cent to $1.53 after incorporating more conservative assumptions for near-term DPU projections.

Broker's Calls

Frasers Commercial upgraded to 'buy' on attractive valuations, Grade B recovery prospects

SINGAPORE (Apr 5): OCBC Investment Research is upgrading Frasers Commercial Trust (FCOT) to “buy” from “hold” with an unchanged fair value of $1.51 on expectations of an impending recovery of Grade B CBD Core office rental rates.

Property

Keppel Land makes $60 mil acquisition of prime Jakarta site to develop residential building

SINGAPORE (Sept 19): Keppel Land is acquiring a prime site in Jakarta, Indonesia, for IDR586 billion ($60 million) from Bank Central Asia via its wholly-owned subsidiary, PT Sukses Manis Tangguh.

Property

How flight-to-quality continues to impact Singapore’s office market

SINGAPORE (Sept 5): Knight Frank Singapore says it sees the emergence of a two-tier office market in Singapore, given how the city state has seen a growing rental divergence between its top-grade and older office buildings as of late.
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