Commercial Property
Heeton profit up 12% to $6.3mln
Heeton profit up 12% to $6.3mln
Set to commence construction of iLiv@Grange in second half of 2010 following Juluca and The Lumos.
Ascott Reit divests Jakarta property at $34mln
Company eyes S$5.7mln net gain while it pursues to seek acquisitions for further portfolio expansion.
Asians unseat foreigners as Asia Pacific's dominant property investors
Singapore among countries with most active market as its new tourist attractions likely to energise demand.
JTC grants tender offer to Ho Bee for S$410.99 mln
The industrial infrastructure developer sold a commercial site located in North Buona Vista Drive.
Singapore's 6.1% office rental growth is region's third highest
European debt crisis could hamper further growth of office space rental in the next quarters.
Ascott Reit bestows 773,988 property units as manager fees
The CapitaLand Limited’s subsidiary receives the Ascott Reit units for a price of S$1.1919 each, aside from the cash payment of S$922,516.81 as...
Singapore's prime rents up 3% in the second quarter
Despite demand growth, Asia's increased level of office space enquiries didn't immediately translate into leasing deals.
CapitaLand subsidiary acquires remaining 39.24% stake in Eurimeg
Takeover empowers group to exercise full management control over decisions for serviced residences.
Ascott targets 14,000 additional apartment units by 2015
Adds five Ascott-branded properties while it invests S$50mln to refurbish properties in Asia and Europe.
HDB launches BTO projects Senja Gateway and Corporation Tiara
The launch, which involves 1,016 units, pushed HDB’s total offering for the first seven months of 2010 to 9,844 new BTO flats.
SingPost first quarter profit up 3.2% to S$40.7mln
While other services posted growth, retail revenue dipped 1.2% behind lower contributions from agency and retail products.
HDB steps up enforcement against unauthorised subletting
59 flat owners are alleged to have violated the subletting rules.
Ascott to launch first serviced residence in Bali
Citadines Bali Kuta will increase Ascott's presence in Indonesia to over 1,800 serviced apartment units.
Global real estate markets continue upswing
Rents in Singapore have started to rebound in Q2 with 2.9% growth following steep falls.
a-iTrust's 1Q FY2010 total property income up 4%
Company incurred S$ 0.7mln realised loss behind higher tax expense as tax rates in India increase.
Frasers Centrepoint 3Q10 net property income up 46%
Eyes further growth as $72mln rejuvenation and enhancement of Causeway Point has started.
CapitaRetail China Trust gross revenue drops 2.8% in H1 2010
However, in RMB terms, CRCT’s gross revenue achieved a net income of RMB97.2 mln in the second quarter, which is up 8.8% from the same period in 2009...
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