property

Results

IREIT Global's 3Q DPU unchanged at 1.42 cents after hedging; says no more lease expiries in 2019

SINGAPORE (Nov 12): The manager of IREIT Global has announced a 3Q18 distribution per unit (DPU) of 1.42 cents, unchanged from a year ago in SGD terms after taking into account forward foreign currency exchange contracts entered into to hedge against curr

Property

CapitaLand hits record RMB2 bil in China home sales for Oct

SINGAPORE (Nov 7): CapitaLand in October saw a total of four residential launches in China worth RMB2 billion ($396.7 million), its highest home sales value in the country over a 30-day period this year.

Malaysia

New property investment platform FundMyHome to 'democratise home ownership' in Malaysia

SINGAPORE (Nov 5): Instead of taking out a bank loan or mortgage, first-time homebuyers in Malaysia can now seek financial support from a new property investment platform FundMyHome.com.

Broker's Calls

OCBC cuts estimates for Roxy-Pacific despite positive 3Q performance

SINGAPORE (Nov 1): OCBC Investment Research is maintaining its “hold” call on Roxy-Pacific Holdings while revising its fair value downwards to 41 cents from 44 cents previously, after the release of the group’s 3Q18 results on Wednesday.

China Focus

Singapore sovereign wealth fund boss cites China 'bubble' risk

(Oct 30): Singapore’s sovereign wealth fund boss named credit excesses and the property market as two of the biggest challenges facing China.

Broker's Calls

Focus on diversified developers with strong balance sheet after latest URA curbs

SINGAPORE (Oct 18): Analysts say the new URA property development restrictions will bring about a cooling in land prices for upcoming government land sales (GLS), and possibly be the final nail in the coffin for the en-bloc market.

Broker's Calls

3 developers to 'add' as Singapore's property price momentum slows: CGS-CIMB

SINGAPORE (Oct 16): CGS-CIMB Research is maintaining its “neutral” stance on Singapore’s property sector post the release of recent Urban Redevelopment Authority (URA) data, which reflected higher September monthly home sales of 944 transactions, up

Property

Thakral Corp acquires $66 mil worth of hotel & office properties in Osaka

SINGAPORE (Oct 1): Thakral Corporation says it has acquired a hotel and two office properties in Osaka, Japan, valued at JPY5.46 billion ($66 million) in total.

Broker's Calls

CapitaLand Mall Trust's AEI positives have been priced in with limited catalysts in sight: CGS-CIMB

SINGAPORE (Oct 1): CGS-CIMB Research is maintaining “hold” on CapitaLand Mall Trust (CMT) with an unchanged target price of $2.21, as it sees limited catalysts from the stock after factoring in expected contributions from the new Funan DigitaLife Mall

Property

Speculative buying & housing price growth to decline by year-end: UBS

SINGAPORE (Sept 28): Singapore’s housing market remains fairly valued even after inflation-adjusted prices have risen 9% over the past year, following six years of correction.
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