The manager of Mapletree Logistics Trust (MLT) has declared a distribution per unit (DPU) of 1.86 Singaporean cents for 4Q16/17, 3.3% higher from 1.80% in the same quarter a year ago.

The manager of Starhill Global Real Estate Investment Trust has announced distribution per unit of 1.18 Singaporean cents for the third quarter ended March 31, a decline of 6.3% compared to DPU of 1.26 cents in the corresponding quarter last year.

The expected proceeds from the placement, which could involve up to 46.36 million shares, are based on an indicative issue price of RM7.80 per placement share, said Scientex in a bourse filing yesterday.

Sold for: RM2.35 million; Concluded by: Casper Yee (REN 13384) of HASB Consultants (Selangor) Sdn Bhd (012-259 1812); When: November 2016

Shares of CapitaLand have climbed more than 23% year-to-date. But DBS Group Research says the property group’s share prices could be driven even higher by strong catalysts in the medium term.

Sitting on 169,504 sq ft of land made up of two freehold parcels adjacent to TREC Kuala Lumpur, RHB Banking Group headquarters and the Royal Selangor Golf Club, The Arch is a five-storey building with a basement level.

For the three months ended March 31, The Business Times said, its gross revenue climbed 12.9% to S$88.4 million from the preceding year, mainly due to the rental contribution of its Sydney asset 177 Pacific Highway.

This was due in part to exchange losses from translation of the group’s UK and Malaysian subsidiaries, as a result of the weakening of the sterling pound and ringgit against the Singapore dollar.

THE freehold 338-unit Scotts Square, located on Scotts Road, saw several units change hands in the week of April 4 to 11. One of the transactions was the sale of a 947 sq ft, two-bedroom unit on the 21st floor that fetched S$2.76 million (S$2,914 psf), according to a caveat lodged on April 7. The seller had purchased the unit from the dev­eloper for S$3.65 million (S$3,849 psf) in August 2007, when the project was launched.

“FCT is in a strong negotiating position with tenants who want a presence in the north where the group has close to 75% market share of retail malls.”