Keong Saik Road’s second wave of gentrification
IN early March, Chinatown Hotel on Teck Lim Road was put up for sale.
Frasers Centrepoint Trust issues S$90 mil 2.365% notes
SINGAPORE (April 4): Frasers Centrepoint Asset Management, the manager of Frasers Centrepoint Trust, announced Monday that FCT MTN has issued S$90 million (RM285.
Singapore’s property market to benefit from population and economic growth ahead
SINGAPORE (April 3): 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.
GIC in joint venture to own, develop mixed-use complex in Jakarta
SINGAPORE (April 3): 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.
Singapore eDevelopment auditors’ cast doubt on group’s ability to continue as going concern
SINGAPORE (April 3): Singapore eDevelopment says its independent auditor, Ernst & Young LLP, has included an emphasis of matter in its report on the audit of the financial statements of the group for the FY2016 ended December.
Eco World Int'l to submit 'compelling' proposal to GuocoLand, says CEO
KUALA LUMPUR (April 3): Eco World International Bhd (EWI) will be submitting a 'compelling' proposal to its Singapore-listed strategic shareholder GuocoLand Ltd to seal a partnership between the two property developers.
Forest City's Chinese buyers face hefty penalty clause
KUALA LUMPUR (April 3): 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.
CEO Phua offers to privatise TEE International at 21.5 Singapore cents per share
SINGAPORE (April 3): Phua Chian Kin, group CEO and controlling shareholder of TEE International, is offering to buy out other shareholders for 21.
CapitaLand continues to deliver balanced results in an uncertain environment
SINGAPORE (March 30): OCBC Investment Research is maintaining its “buy” call on CapitaLand Ltd, raising its fair value estimate on the stock from S$3.
Centurion to develop 280-bed students dorm in Adelaide
SINGAPORE (March 30): Centurion Corporation is developing a new 280-bed student accommodation in Adelaide, Australia.
