Commercial Property
Yanlord Land Group’s contracted pre-sales drop to $5.5b in 11M23
Yanlord Land Group’s contracted pre-sales drop to $5.5b in 11M23
The 11M23 pre-sale translates to a 52.8% YoY decline.
CDL clinches $338.2m sustainability-linked loan from OCBC
The loan is aligned to a 1.5°C pathway.
Starhill Global REIT renews lease with Toshin Development for 12 years
The new lease will be valid from 8 June 2025 to 7 June 2037.
Boustead Projects, partners to redevelop industrial property at 36 Tuas Road
The parties will redevelop the property into a multi-tenanted logistics hub.
6-adjoining strata industrial units at Apex @ Henderson on sale for $16.3m
The guide price translates to $1,044 per sq ft on the strata area.
Teck Whye Lane shophouse up for sale via EOI
The property has a guide price of $4.45m.
Tuas Link Close site up for sale via tender
The tender will close on 23 January 2024.
Manulife US REIT mulls halting half-yearly distribution until 2025 under recapitalisation plan
The plan aims to address its breach of financial covenants.
Will Long Island be Singapore’s second Sentosa?
An expert expects over 30,000 and 60,000 homes to be built on the 800ha land.
Soilbuild Group bags Tampines North Drive 4 site tender for $85.8m
Tender for the industrial site closed on 24 October.
LHN Limited’s net profit drops 16.6% YoY to $38.2m in FY23
Despite lower profit, the company proposed a 71.4% YoY higher dividend per share.
ARA US Hospitality Trust divests Hyatt Place Pittsburgh Airport for US$7.7m
The REIT expects to complete the divestment in 1Q24.
50 Playfair Road sold for $81.8m
The property was hotly contested by end-users, investors and developers.
Elite REIT names new CFO
He will succeed Joel Cheah Zhuo Yue who resigned as CFO to pursue other opportunities.
Hongkong Land appoints Michael Smith as new chief executive
He will be succeeding Robert Wong who has been the Chief Executive since 2016.
Starhill Global REIT secures first sustainability-linked facility for $50m
The facility will be used to finance requirements to attain green certification.
Mapletree Non-Executive Director of the Manager resigns
Michael Thomas Smith has resigned to pursue other interests.
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