News
CapitaLand Commercial Trust to buy 94.9% interest in German freehold office for $387.1m
CapitaLand Commercial Trust to buy 94.9% interest in German freehold office for $387.1m
MAC is a multi-tenanted office with a total net lettable area (NLA) of approximately 60,200 sqm.
Frasers Property bags $714.89m term loan
It comprises a $476.59m five-year green loan tranche and a $238.30m five-year tranche.
Keppel O&M clinches $130m worth of contracts from repeat customers
It will mark its third newbuild dredger contract for maritime contracting firm Van Oord.
Close to 1 in 2 SMEs paid their arrears on time in Q2
The turning fortunes of the construction sector were cited as a possible reason for the improved performance.
Office rents in Q2 rose 1.5%
Gross effective rents hit $10.79 psf pm.
Chart of the Day: Outbound property investment from Singapore hit $9.6b in H1
Office properties accounted for the highest investment sales volume at $6.4b.
Daily Markets Briefing: STI up 0.36%
Singtel led the gains at 0.57%.
Daily Briefing: Social service agencies to get $20m grant for tech adoption boost; AI platform Near bags $135.9m
And here are the best teams to work for in Citi Singapore.
Utico's 88% stake acquisition in Hyflux could reach $535m
It includes a $400m commitment to the water treatment firm.
SGX RegCo launches consultation for proposed safeguards to securities market
Proposed enhancement include price collars and an extension of the auction routine.
Tepid growth ahead for Sheng Siong stores as consumer spending weakens
The contribution of same-store-sales to earnings is expected to hit only 0.5% in 2019-2020.
Suntec REIT buys Australian freehold Grade A office for $141.51m
The 12-storey property has an NLA of 282,000 sqft and a committed occupancy of 91.6%.
Keppel REIT NPI dropped 28.1% to $31.06m in Q2
It was dragged by the lower one-off income from Ocean Financial Centre.
Koh Brothers Eco Engineering nabs $668.2m contract from PUB
It will construct influent pumping stations for the Deep Tunnel Sewerage System Phase 2 project.
Maybank demands $33.6m from Hyflux for early termination of hedging deal
The bank designated 4 July as its date of termination.
SIA Group passenger load factor up 1.6ppt to 86.2% in June
Passenger carriage rose 8.5% YoY.
Seletar Mall buy could add up to 10% to SPH REIT's FY 2019 DPU
The firm’s DPU inched up 1.5% YoY to $0.0139 in Q3, thanks to higher contributions from The Rail Mall and Figtree Grove Shopping Centre.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform