THE government is not being "anti-landlord", said Minister for Law and for Home Affairs K Shanmugam in Parliament on Tuesday.
CHINESE tycoon Tong Jinquan has sold a substantial stake in IReit Global to the real estate investment trust's key unitholders and strategic partners, Tikehau Capital and City Developments (CDL), for S$64 million.
MARKET watchers are expecting office rents in Singapore to decline in the coming months, amid the coronavirus pandemic that is showing no signs of abating.
THE impact of the Covid-19 outbreak on Singapore's central business district (CBD) Grade A office rents was not yet apparent in the first quarter this year, as rents and capital values remained flat, while vacancy tightened. This is according to research by Colliers International, released on Tuesday.
BOUSTEAD Singapore expects some projects to face potential delays due to containment measures worldwide as well as possible “significant” disruptions to the global supply chain amid the coronavirus pandemic.
IREIT Global on Tuesday said its key unitholders and strategic partners Tikehau Capital and City Developments Limited (CDL) have raised their stakes in the real estate investment trust (Reit).
THE Reit Association of Singapore (Reitas) has cautioned against putting "significant strain" on landlords' finances with a new Bill that may give businesses a reprieve from contractual obligations including rent payments, even as it acknowledged the importance of supporting tenants in the crisis.
WHILE valuations for Singapore's hospitality Reits look attractive after the counters have been driven down in recent weeks, it may be too early for investors to take the plunge just yet.
SUNTEC City said it is waiving the rents for mall tenants for a month, in line with the government's call to boost support for businesses and protect jobs during the circuit-breaker period.
CITY Developments Limited (CDL), one of Singapore's largest commercial landlords, on Monday said it is committing more than S$17 million in property tax and rental rebates to help its office and retail tenants tide over the novel coronavirus outbreak.
REAL estate agencies are rolling out support packages to their salespeople to tide them over the mandated one-month stoppage due to Covid-19.
MAINBOARD-LISTED developer Oxley Holdings said on Monday that it has sold 73 per cent of its Singapore development portfolio, which comprises 3,923 units in total.
PROPERTY group CapitaLand has reopened all its malls in China that were previously shut due to the country's coronavirus lockdown.
MAPLETREE Investments, which is owned by Singapore's state investor Temasek Holdings, has said it has raised some US$1.8 billion in equity for its pan US-European logistics fund.
SINGAPORE firms have registered their worst payment performance since the third quarter of 2016, and the downtrend is expected to continue as firms are exposed to a higher risk of payment delinquency in the months to come, the Singapore Commercial Credit Bureau (SCCB) said in a report on Monday.