Commercial Property
Manulife posts DPU of 2.7 US cents
Manulife posts DPU of 2.7 US cents
The amount is 11.5% lower than the amount recorded last year.
Singapore sees increasing need for add'l health, elderly facilities
The healthcare spending of Singapore is seen to reach US$26.3b in 2025, according to Fitch Solutions.
Strata office sales breaks 6 year record at $691.5m
The most expensive strata office was in Samsung Hub, which sold for $53.1m.
Keppel, SPH merger a good deal for both: UOB Kay Hian
Keppel is set to fully acquire SPH’s non-media businesses by end-December if shareholders approve.
ESR acquisition of ARA to make it largest real asset manager in APAC
ESR Cayman Limited is set to acquire ARA Asset Management for US$5.2b.
FLCT gears for COVID-19 impact on its retail portfolio
COVID-19 had a $1.1m impact on Frasers Logistics & Commercial Trust’s distributable income for the first nine months of the financial year.
Keppel subsidiary forms joint venture with Shanghai Topchain
The joint venture company will manage investment properties with potential for asset enhancement initiatives in China.
Restructuring of CLI to unlock substantial long-term value: CapitaLand CEO
CapitaLand plans to restructure and list CLI to include its investment management platforms and lodging business.
SPH shareholders to receive $2.099 per share following acquisition by Keppel
Keppel Corp has proposed the acquisition of SPH, minus its media assets, for $2.2b.
Keppel Corp posts plans to acquire SPH ex-media for $2.2b
The proposed transaction is expected to be completed by December 2021.
Sheng Siong buys new property in New World Centre for $17m
To date, the purchase is 10% paid.
GuocoLand to develop three 25-storey towers in Lentor Hills
It is expected to be ready for launch in H2 2022.
Jardine Matheson underlying profit up 65% amidst challenging conditions
Its underlying profit of $832.2m is still 17% below pre-COVID levels.
Keppel’s net profit rebounds to $300m in H1 2021
All of its key businesses were profitable in the first six months of the year.
Ascendas India Trust NPI rose 5% YoY to S$77.3m in H1
Total property income decreased by 4% but was offset by the decline in expenses.
Ascendas India Trust NPI rose 5% YoY to S$77.3m in H1
Total property income decreased by 4% but was offset by the decline in expenses.
CapitaLand China Trust net property income up 84.4% to $120.3m
It plans to expand in the coming months, on the back of China’s economic recovery.
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