Banyan Tree Holdings announced that it has entered into a strategic collaboration with hotel giant AccorHotels which is investing S$24 million in the operator of luxury resorts.
DBS is optimistic on CapitaLand Retail China Trust upgrading it to a “buy” call with a target price of S$1.60, citing the REIT’s preparations for the future.
In an SGX filing, the company stated that the price was derived based on “as is” market valuation of Aviva Tower of £323 million, without accounting for any potential redevelopment value.
Each bond will be priced at US$500,000 with an annual interest rate of 8% payable quarterly and are non-convertible.
JP Morgan reckons that there will be three key implications for Singapore property from Donald Trump’s election as US president.
The stronger bottomline was driven by a 44.4% increase in revenue to S$47 million due mainly to sales recognition of two residential projects in Melbourne and Gold Coast, Australia.
Lead analyst at DBS Derek Tan notes the recent share price weakness of S-REITs was due to increased macro uncertainties, coupled with the fourth quarter traditionally being unhappy times for REIT investors.
Investment will help diversify GuocoLand’s geographical holdings as well as provide scale and immediate exposure to ongoing developments.
With several properties still in a transition phase, the potential of its malls have not been maximised...
The development named Park Court Aoyama The Tower sits on a freehold land site, has a gross development value of about S$668 million, and is located in the Aoyama area in Minato ward.
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