Commercial Property
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COMMERCIAL PROPERTY |
13 Mar 13
177 reads
China sales are equally good.
According to Nomura, HKL’s FY12 results came in slightly ahead of expectations. Read ››
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COMMERCIAL PROPERTY |
13 Mar 13
191 reads
9 bidders fought for the latest commercial site.
According to Colliers International, the tender for the commercial site on Venture Avenue drew keen interests from nine contenders.
The top bid by the Sim Lian Group at $701.1 million reflects $1,009 per sq ft per plot ratio, which is 9% above the second highest bidder and 10.6% above the third highest bidder. Read ››
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COMMERCIAL PROPERTY |
12 Mar 13
289 reads
75% of 186 units released have been sold since Feb 25 preview. Read ››
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COMMERCIAL PROPERTY |
12 Mar 13
116 reads
Management maintains no material impact on earnings.
CapitaLand Limited announced that its two subsidiaries incorporated in Singapore which had been placed under members’ voluntary liquidation, have been dissolved. Read ››
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COMMERCIAL PROPERTY |
12 Mar 13
138 reads
Related properties are also bought.
In a release, Overseas Union Enterprise announced it is to acquire the US Bank Tower and related properties Maguire Gardens and a car park facility in downtown Los Angeles. Read ››
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COMMERCIAL PROPERTY |
12 Mar 13
114 reads
It's in line with analyst expectation.
According to Kaven Tsang, Moody's Vice President and Senior Analyst, "HKLH's stable rental income, mainly from its Central portfolio, and strong credit metrics continue to support its A3 issuer rating, despite a 8.9% year-on-year decline in revenue to USD1,115 million in 2012."
The decline in revenue is in line with Moody's expectation, due to a reduced level of completion for residential properties in 2012. Read ››
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COMMERCIAL PROPERTY |
12 Mar 13
165 reads
Historical cost is ~US$350m.
According to CIMB, OUE mentioned previously that it was looking to acquire a “distressed” asset in the US with the potential to recycle for a profit in the future. Read ››
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COMMERCIAL PROPERTY |
11 Mar 13
172 reads
Principal activity is investment holding.
In a release, CapitaLand Limited has announced the establishment of three wholly-owned subsidiaries as part of its ongoing business development. Read ››
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COMMERCIAL PROPERTY |
11 Mar 13
209 reads
Its value pegged at ~S$490m.
According to OCBC Investment Research, Ascendas REIT intends to use 66.4% (S$270.0m) of its newly-raised gross proceeds to partially fund the potential acquisition of an integrated industrial mixed-use property at Kallang Avenue (currently under construction; value expected at ~S$490.0m). Read ››
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COMMERCIAL PROPERTY, RETAIL |
11 Mar 13
416 reads
Check out how its 3 retail mall assets can benefit. Read ››
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COMMERCIAL PROPERTY |
08 Mar 13
217 reads
Analyst predicts overseas expansion still unlikely.
According to CIMB, key concerns for 2013 include supply pressures, impact of recent policies, economic sensitivity of industrial tenants, more difficult acquisition environment, flat rents, and unlikelihood for overseas expansion. Read ››
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COMMERCIAL PROPERTY |
08 Mar 13
135 reads
This property was almost 80% let by end-2012.
According to a release, Hong Kong Land said that leasing demand was relatively weak in both Hong Kong and Singapore during the year, particularly in the financial services sector.
The effects were, however, tempered by the limited vacancy within the Group’s buildings. Read ››
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COMMERCIAL PROPERTY |
07 Mar 13
1108 reads
You'll be surprised at the tax rates.
According to Knight Frank, the new property tax policies are akin to 'another shot' on top of the existing cooling measures, which could discourage purchase of private properties for investment purposes, while having a marginal impact on owner-occupied residential properties. Read ››
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COMMERCIAL PROPERTY |
07 Mar 13
240 reads
Site was tendered for $11.368m.
In a release, the Urban Redevelopment Authority (URA) has awarded the tender for the food and beverage site at Punggol Point to Fragrance Group Limited. Read ››
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COMMERCIAL PROPERTY |
07 Mar 13
116 reads
GLP Park CND's occupancy rate reaches 97%.
Global Logistic Properties Limited announced that it has signed approximately 15,000 square metres (162,000 square feet ) of new leases with a third party logistics provider in Changzhou, Eastern China.
With the new lease, the occupancy rate for GLP Park CND, GLP’s first development in Changzhou, has reached 97% within three months of its completion.
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COMMERCIAL PROPERTY |
07 Mar 13
173 reads
As it targets boosting investment properties.
According to DBS, looking ahead, the group would continue to be selective in terms of landbanking in Singapore and look to building up its investment properties and hospitality assets. Read ››
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COMMERCIAL PROPERTY |
07 Mar 13
258 reads
It is currently 13% sold.
According to Maybank Kim Eng, OUE mentioned that it is in talks with authorities to convert one tower of Twin Peaks and DBS Tower One into serviced apartments, which can then be combined into a hospitality REIT. Read ››
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COMMERCIAL PROPERTY |
07 Mar 13
247 reads
It will yield up to 10,388 sq ft in total.
CBRE and Knight Frank has announced the sale of four freehold strate retail units at Queensway Shopping Centre. Read ››
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COMMERCIAL PROPERTY |
06 Mar 13
2740 reads
Residential sector is scaring them off.
According to CIMB, developers' core 4Q12 results were mostly in line as lower development earnings have been built into expectations. Read ››
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COMMERCIAL PROPERTY |
06 Mar 13
134 reads
He is Executive Chairman of the Company from 2011 to present. Read ››
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COMMERCIAL PROPERTY |
06 Mar 13
319 reads
The 20% capital gains tax was surprising.
According to CIMB, Singapore developer stocks that have meaningful exposure in China could see selling pressure in the wake of this event. Read ››
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COMMERCIAL PROPERTY |
06 Mar 13
205 reads
He was previously the vice chairman of DBS Group.
The Board of CapitaMalls Asia announced the appointment of Ng Kee Choe as Director. Read ››
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COMMERCIAL PROPERTY |
05 Mar 13
202 reads
Unnamed potential buyers are already in line.
In a release, CapitaLand Limited announced that pursuant to its earlier announcement that it is undertaking a strategic review of its 59.3% stake in Australand Property Group, it has appointed J.P. Read ››
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COMMERCIAL PROPERTY |
05 Mar 13
147 reads
It's looking at tier-3 China cities.
According to Maybank Kim Eng, OUE sees limited growth opportunities in Singapore in the next 2-3 years, especially with existing high property prices. Read ››
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COMMERCIAL PROPERTY |
05 Mar 13
164 reads
Purchase consideration is at ~S$61.0m.
Starhill Global REIT (SGREIT) announced that the acquisition of Plaza Arcade in Perth, Australia has been completed last Friday.
According to OCBC Investment Research, the purchase consideration of A$48.0m (~S$61.0m) was 40% funded by proceeds from SGREIT’s 2009 rights issue with the balance funded by its revolving credit facilities. Read ››
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COMMERCIAL PROPERTY |
04 Mar 13
201 reads
It was supposed to be released this year.
According to Nomura, UOL's residential property sales in FY12 were chiefly driven by Katong Regency (244 units sold during the year; fully sold) and Archipelago (473 units sold during the year; fully sold).
St. Read ››
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COMMERCIAL PROPERTY |
04 Mar 13
458 reads
Will 10% home price dip hurt them?
According to CIMB, Singapore developer stocks that have meaningful exposure in China could see selling pressure in the wake of this event. Read ››
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COMMERCIAL PROPERTY |
04 Mar 13
405 reads
Near term equity raising still unlikely.
Nomura hosted RHT management over two days at the Nomura’s ASEAN All Access conference held from 28 Feb-1 Mar at the Fullerton Hotel, where Mr Gurpreet Dhillon, Chief Operating Officer and Mr Pawanpreet Singh, Chief Financial Officer met various investors.
According to Nomura, the share price has been weak lately because of: 1) negative India macroeconomic data; and 2) the perceived risk of potential equity dilution. Read ››
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COMMERCIAL PROPERTY |
04 Mar 13
146 reads
His wide experience in property related businesses will contribute to Board. Read ››
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COMMERCIAL PROPERTY |
04 Mar 13
132 reads
He has extensive experience in the field of property investment, development, operations and property administration. Read ››
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COMMERCIAL PROPERTY |
04 Mar 13
173 reads
He will also perform Executive Director roles.
The Board of Ying Li International Real Estate announced the appoinment of Ko Kheng Hwa as Group Chief Executive Officer and Executive Director. Read ››
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COMMERCIAL PROPERTY |
04 Mar 13
244 reads
Mr Ng Kee Choe will take over his post.
In a release, CapitaMalls Asia announced the retirement of Mr Liew Mun Leong as Non-Executive Director and Chairman of the Board at its upcoming Annual General Meeting (AGM) to be held on 24 April 2013. Read ››
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COMMERCIAL PROPERTY |
01 Mar 13
288 reads
They're worried over dull buying interest.
According to Nomura, CDL plans to launch D’Nest (912 units) and Bartley Ridge (868 units) in the near-term. The Buangkok Drive project (616 units) and the Sengkang EC project (372 units) could follow next.
On the other hand, launch plans for its higher-end projects, such as Lucky Tower (220 units), South Beach (190 units) and Nouvel 18 (156 units) remain uncertain. Read ››
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COMMERCIAL PROPERTY |
01 Mar 13
161 reads
Apparently, analysts have been expecting this.
According to CIMB, as expected, UOL’s FY12 revenue declined by 42% yoy on lower revenues from property developments as several of the group’s residential projects were competed in FY11.
The bulk of UOL’s residential inventory has been depleted, having sold 938 units in 2012 with a sales value of over S$1bn. Read ››
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COMMERCIAL PROPERTY, RESIDENTIAL PROPERTY |
28 Feb 13
338 reads
Sector 112 drew the largest increase of 46%.
The Ministry of National Development has revised the development charge (DC) rates for the period from 1 March 2013 to 31 August 2013. Read ››
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COMMERCIAL PROPERTY, RETAIL |
28 Feb 13
377 reads
But size of the units shrank significantly.
According to Maybank Kim Eng, between 2009 and 2012, the size of retail units transacted shrank significantly whereas prices on a psf basis nearly tripled in some areas such as Bedok. Read ››
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COMMERCIAL PROPERTY, RETAIL |
28 Feb 13
412 reads
Better brace for a hefty price tag.
According to Maybank Kim Eng, the government’s White Paper on Population project a potential 30% increase in the population of Singapore by 2030. Read ››
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COMMERCIAL PROPERTY, RESIDENTIAL PROPERTY |
28 Feb 13
254 reads
Sites can supply 1,055 housing units.
To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) have launched two residential sites for sale by public tender today under the Confirmed List of the 1st half 2013 (1H2013) Government Land Sales (GLS) Programme.
Read ››
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COMMERCIAL PROPERTY |
28 Feb 13
119 reads
But here's why it's not entirely bad news.
According to OCBC Investment Research, City Development’s full-year PATMI cumulates to S$678m (down 15% YoY) or an EPS of 73.2 S-cents. Read ››
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COMMERCIAL PROPERTY |
27 Feb 13
144 reads
This top bidder's offer is at a whopping $11.369m.
The Urban Redevelopment Authority has announced the closing of tender for the food and beverage site at Punggol Point on Tuesday. Read ››
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