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Property
Amara's new JVC enters into agreement to acquire freehold residential development at Surrey Road for $47.8 mil
The site has a total area of 11,977 sqft. It is allowed for residential development with a gross plot ratio of 2.8.
March 04, 2021
Property
Yanlord posts more than double total contracted pre-sales of RMB5.22 bil in January
During the month, about 73.4% of the contracted pre-sales were contributed by Nanjing, Suzhou, Shanghai, Hangzhou and Nantong.
February 05, 2021
Results
Wing Tai Holdings posts 73% growth in 1H20 earnings to $56.8 mil
Earnings per share (EPS) for the period came in at 6.53 cents on a fully diluted basis.
February 03, 2021
M&A
Boustead Projects to acquire 49% interest in Vietnam’s KTG Industrial Bac Ninh Development for about US$6.9 mil
The proposed acquisition is said to be made in the “ordinary course” of the company’s real estate business.
February 01, 2021
Property
AIMS APAC REIT to acquire Sime Darby Business Centre for $102 mil
The acquisition will add 0.48 cents to the FY2020 distribution per unit (DPU) of 9.50 cents to 9.98 cents on a pro forma basis.
January 27, 2021
Property
Ascott Residence Trust acquires first student accommodation asset in US for US$95 mil
The accretive acquisition will increase the pro forma FY2020 distribution per stapled security (DPS) by some 4.4%.
January 27, 2021
Property
Number of leases secured at CapitaSpring 'still respectable', says Savills executive director
Typically at that stage in pre-pandemic times, buildings would have leased out more than half of their space, three analysts said.
January 19, 2021
Broker's Calls
An increase in property price index between 5-8% could tip property market into 'bubble territory': DBS
Flash estimates for the Singapore property price index (PPI) in 4Q2020 point to a 2.1% y-o-y rise during the quarter.
January 19, 2021
Property
Fragrance Group's Melbourne development project receives practical completion certificate
Practical completion certificate for the remaining 394 residential units and the hotel (Phase 2) is expected to be issued in March
January 15, 2021
Property
Ascott achieves fourth year of growth with addition of over 14,200 units in 2020
The new properties will boost Ascott’s annual fee income by over $27 million.
January 12, 2021