News by M

Ascendas Fund Management, the manager of Ascendas REIT, today announced completion of the REIT’s acquisition of Stage 4, Power Park Estate in Melbourne, Australia, from Goodman Dandenong Trust for a purchase consideration of A$24.8 million (S$26.5 million or RM84 million).

Singapore’s property market is expected to benefit from a number of government policy changes that have recently begun to take effect, according to recent research data published by JLL.

CIMB Research is upgrading its sector outlook on Singapore REITs (S-REITs) from “underweight” to “overweight” on a dovish Fed outlook in addition to a potential sector re-rating ahead of a broader physical recovery in 2018.

Frasers Centrepoint Ltd subsidiary, Frasers Property Holdings (Thailand), on March 31 entered into a JV agreement with TCC Assets to establish a JV company, One Bangkok Holdings (OBH) to build an integrated mixed-use development in Central Bangkok, Thailand.

Mainland Chinese purchasers of homes in Forest City, Country Garden’s megaproject in Johor, are now staring at the daunting prospect of having to pay a penalty of 30% of the purchase price for pulling out of the deal. 

A special purpose vehicle will be established to undertake the development and sale of the STP2A development land where KWAP will be taking a 20% equity stake for RM766 million, while E&O will hold the remaining 80% stake.

As homes are now regarded as lifestyle investments, greater thought has to be put into their design and finishing.

Plans to attract buyers form Southeast Asia, India and the Middle East.

Kerjaya Prospek Group Bhd has bagged a contract worth RM31.6 million to develop 32 three-storey terrace houses in Penang, the company announced today.

CIMB Research is reiterating its “add” recommendation on property developer UOL Group, which remains the research house’s top pick among Singapore developers with an unchanged target price of S$7.96 (RM25.21).