Foreign investors ‘positive’ on Singapore property sector
SINGAPORE (July 7): Maybank Kim Eng is maintaining its “positive” rating on Singapore’s property sector after collecting feedback from investors in Hong Kong.
Ascott REIT to divest 2 China properties for S$198 mil
SINGAPORE (July 4): Ascott Residence Trust has entered into two conditional agreements to divest its interests in two serviced residence properties in China – Citadines Biyun Shanghai and Citadines Gaoxin Xi’an – for a total consideration of RMB980 million (S$198.
Keppel REIT’s latest acquisition offers DPU accretion, cashflow visibility
SINGAPORE (June 30): DBS is maintaining its “buy” call on Keppel REIT (KREIT) with a target price of S$1.
Hektar REIT eyes more assets outside of Klang Valley
KUALA LUMPUR (June 13): Hektar Real Estate Investment Trust (Hektar REIT) is actively looking to acquire more assets outside of Klang Valley, to bolster its financial performance.
WCT expects to list REIT before end-2017
KLANG (June 1): Construction and property player WCT Holdings Bhd said it expects to realise plans to list a real estate investment trust (REIT) before year end, after the group has tidied its assets.
UOA REIT records lower rental income in 1QFY17
KUALA LUMPUR (May 24): UOA Real Estate Investment Trust (REIT)'s first quarter ended March 31, 2017 (1QFY17) net rental income declined by 14% to RM14.
Hektar REIT declares 2.3 sen DPU for 1QFY17
KUALA LUMPUR (May 22): Hektar Real Estate Investment Trust's (REIT) net property income slipped 5.
Sunway City set to be smoke-free city
PETALING JAYA (May 12): Sunway Real Estate Investment Trust (Sunway REIT) has embarked on a sustainability campaign, “Clean Air – A Smoke Free Environment Project”, at Sunway REIT’s flagship asset, Sunway Pyramid Shopping Mall.
Sabana REIT manager CEO Xayaraj steps down; acquisition of 47 Changi South Ave 2 aborted
SINGAPORE (May 10): Kevin Xayaraj has stepped down from his position as CEO and executive director of Sabana Real Estate Investment Management (SREIM), the manager of Sabana REIT.
This S'pore REIT gets ‘hold’ on new office supply, uncertainty over acquisition
SINGAPORE (May 8): DBS is maintaining its “hold” call on OUE Commercial REIT (OUE CT) with a revised target price of 67 Singapore cents given likely operational weakness ahead of new office supply in 2017, dilution from the recent equity placement, and uncertainty over the timing of any acquisition.
