News by Jude Chan

Frasers Centrepoint Asset Management, the manager of Frasers Centrepoint Trust, announced Monday that FCT MTN has issued S$90 million (RM285.5 million) of 2.365% notes due 2020 comprised in Series 011 under its S$1 billion Multicurrency Medium Term Note Programme.

Singapore sovereign wealth fund GIC announced Monday that it has formed a joint-venture with Indonesian property developer PT Intiland Development Tbk to own and manage an integrated mixed-use complex in Indonesia.

EWI currently has four development projects under construction in London and Sydney, with an estimated total gross development value of approximately £2.4 billion (RM13.3 billion).

Keppel Corporation subsidiary Keppel Land on Thursday signed a Memorandum of Understanding (MoU) with Vietnam’s State Capital Investment Corporation (SCIC) to collaborate on investment opportunities in Vietnam.

CDL’s residential projects in Singapore have seen a pick-up in sales momentum following a policy relaxation in the city-state.

About 195 million pounds (S$338 million or RM1.07 billion) of equity was raised for its 5,910-bed UK portfolio while US$291 million (S$407 million or RM1.29 billion) was raised for its 8,363-bed US portfolio.

DBS lead analyst Derek Tan says it is “very likely” that SPH REIT could acquire The Seletar Mall from its sponsor “in the next 12 months”.

According to Cushman & Wakefield, some US$435 billion worth of new capital will be targeted at commercial real estate globally this year.

A surprise letup of property cooling measures — albeit minor and targeted tweaks — on Friday sent property developer stocks soaring to the highest in more than 20 months.

Maybank Kim Eng Research continues to rate UOL Group Ltd at “buy”, mainly for the property developer’s “strong execution with quick inventory turnover stemming from the right pricing strategy” following the release of its FY2016 results, which was largely in line with estimates.