SUNTEC Reit has expanded its presence in Australia after acquiring the entire stake in a freehold Grade A office building in Adelaide, South Australia for A$148.3 million (S$141.4 million). This is its first foray into Adelaide.
KEPPEL Reit's second-quarter distribution per unit (DPU) slipped 2.1 per cent to 1.39 Singapore cents, due mainly to lower one-off income from Ocean Financial Centre and lower revenue and net property income from Bugis Junction Towers.
PROPERTY consultancy Knight Frank Singapore has appointed real estate veteran Alan Tan to head its agency business, KF Property Network (KFPN), with immediate effect, it said on Monday.
DEVELOPERS in Singapore sold 821 private homes in June, down 13.8 per cent from the 952 units they moved in May, but 25.5 per cent higher than the 654 units they sold in June last year.
OVER 4,000 people showed up at the recent One Pearl Bank public preview over the weekend of July 13 and 14, property developer CapitaLand said on Monday.
CAPITALAND's lodging business unit The Ascott has signed 26 new properties, a majority of which are under management contracts, with three on franchise agreements, it said on Monday just after the market opened.
GUOCOLAND Singapore has been trying to push the envelope on what an integrated development here could look like.
HAVING gone into building integrated developments in addition to condos in the last decade, GuocoLand is starting to think about the next steps for its Singapore business.
KEPPEL Land, through its wholly-owned subsidiary Monestine, is partnering Vietnamese developer Phu Long Real Estate Corporation to develop residences in Ho Chi Minh City, expected to cost over 7,400 billion dong (S$439 million).
ASCENDAS India Trust (a-iTrust) is planning to finance the construction of an additional warehouse in western India and acquire it upon completion for a total investment of around 2.15 billion Indian rupees (S$42.1 million).
A four-level retail podium and the three lowest office floors designated for a banking hall in a revamp of the former Chevron House have been put up for sale through an expression of interest exercise.
E-APPLICATIONS for Piermont Grand, this year's first executive condominium (EC) launch, will start this coming weekend from July 12 to July 22, with bookings to be conducted on July 27.
REAL estate developer CapitaLand's 99-year leasehold condo One Pearl Bank will be open for booking on July 20, with prices starting from S$970,000 for studio units.
WHILE the current situation of high supply and subdued demand in the property market may be challenging, observers say that the downside may be limited as private home prices look towards stabilisation.
CONTRIBUTIONS from its purchases of malls in Singapore and Australia boosted results for retail landlord SPH Reit in its third quarter ended May 31.