News by Gwyneth Yeo

Singhaiyi says the Singapore real-estate market is expected to be soft in the coming year, while the real estate market in the US remains stable.

Oxley Holdings says it is working to reduce its gearing and pursue an asset light business strategy as it continues to expand its operations overseas.

At the same time, the group recorded a 54% increase in share of earnings from associates and joint ventures amounting to S$8.5million. These came from the higher contributions from Wing Tai Properties in Hong Kong and Uniqlo in Singapore and Malaysia.

City Developments is acquiring from Curatus Trust the freehold Ransomes Wharf site at Battersea London for £58 million (S$103.7 million) (RM322 million) in an exchange of contracts.​

By many accounts, CapitaLand Mall Trust is beginning to buckle at the seams amid the sluggish retail environment characterised by slow tenant sales and low shopper traffic.

The supply of retail space will continue to grow by 3.3 million sq ft, or 9% of existing retail space, over the next three years and will likely erode rentals further.

Guocoland said in a filing to the Singapore Exchange that the challenging operating conditions in Malaysia are expected to continue, but added that it will continue to focus on sales and leasing of its current projects.

Deutsche Bank noted that the supply of residential and industrial property hit its peak in 2016. This year, it will probably be the office and hotel property sector's turn to peak.

CIMB analysts Lock Mun Yee and Yeo Zhi Bin pointed out that it was the highest level of homes sales since the total debt servicing ratio (TDSR) framework was implemented in 2013.

CapitaLand Commercial Trust could be set for growth as it prepares to redevelop Golden Shoe Car Park (GSCP) into a higher value commercial building, and RHB Research has named it its top pick for the office property sector.