Perennial-led consortium divests 70% stake in TripleOne Somerset
SINGAPORE (Jan 26): Perennial Somerset Investors (PSIPL), a consortium led by Perennial Real Estate Holdings (Perennial), has agreed to divest a 70% stake in TripleOne Somerset to Simply Swift Limited, an indirect wholly-owned subsidiary of Hong Kong-listed Shun Tak Holdings.
Ascendas Hospitality Trust posts 13.1% higher 3Q DPS of 1.64 cents
SINGAPORE (Jan 26): Ascendas Hospitality Trust saw DPS grow 13.
Indoor plants that you can’t ‘kill’ easily
IT’S nice to have small pots of plants in your house or at your desk in the office.
Fancy a resort home in Kota Kinabalu?
AT Sutera Harbour Resort in Kota Kinabalu, more than 2,500 people attended a New Year’s Eve party that featured a live performance by Singapore band Reverie and a 12-minute fireworks display on the waterfront.
Mapletree Commercial Trust’s 3Q DPU grows 9.7% to 2.28 cents
SINGAPORE (Jan 25): The manager of Mapletree Commercial Trust (MCT) has declared a distribution per unit (DPU) of 2.
IGB REIT's 4Q2016 NPI up 13%, to pay 4.3 sen DPU
KUALA LUMPUR (25 Jan): IGB Real Estate Investment Trust’s (IGB REIT) net property income in the fourth quarter ended Dec 31, 2016 (4QFY2016) rose 13% to RM91.
Hua Yang acquires 10.8% equity stake in Magna Prima
KUALA LUMPUR (Jan 25): Hua Yang Bhd announced it has acquired 36 million shares in Magna Prima Bhd, equivalent to a 10.
MQ REIT’s 4Q NPI falls 4.5% as expenses, finance costs rise
KUALA LUMPUR (Jan 25): MRCB-QUILL REIT (MQ REIT)'s net property income (NPI) slid 4.
JLL: Vietnam, the rising star of Southeast Asia’s property market
PETALING JAYA (Jan 25): Vietnam will stand out as a rising star in the Southeast Asia property market with strong demand growth in the office, residential and retail sectors as well as increasing foreign direct investment (FDI) to the country, according to international real estate services firm JLL.
