US student housing, logistics play draw Singapore’s major investors
STUDENT accommodation, once considered a niche sector, has emerged as one of the most sought after.
Ascott REIT rights issue 1.8 times subscribed
SINGAPORE (April 5): The manager of Ascott Residence Trust announced its rights issue was 1.
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.
Ascendas REIT completes S$26.5 mil acquisition of Melbourne logistics property
SINGAPORE (April 4): 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.
Singapore REITs get an upgrade as Fed doves & hawks tussle
SINGAPORE (April 3): 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.
GuocoLand marks expansion beyond Asia as JV Eco World International debuts on Bursa Malaysia
SINGAPORE (April 3): SGX-listed property group GuocoLand Ltd has marked its expansion into the UK and Australia via its joint-venture company, Eco World International (EWI).
A closer look at an uncontested winner among Singapore’s developers
SINGAPORE (March 31): 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.
Penang undersea tunnel feasibility studies 87% complete, says Guan Eng
KUALA LUMPUR (March 31): Feasibility studies for the proposed RM4 billion Penang undersea tunnel are 87% complete, said Chief Minister Lim Guan Eng.
Mulpha International's Australia hotel damaged by Cyclone Debbie
KUALA LUMPUR (March 31): Mulpha International Bhd said its One&Only Hayman Island hotel along Australia's Great Barrier Reef "incurred significant damage" last Tuesday (March 28) from Cyclone Debbie.
‘Don’t blame us for delay in Penang third link’
KUALA LUMPUR (March 31): The federal government says it is not to be blamed for any delay in Penang’s third link project as it has yet to receive the feasibility and detailed design studies from the state government.
