Commercial Property
Ascott REIT’s gross profit climbed 9% to $48.8m in Q3
Thanks to income from acquired properties.
Kelvin Chow Chung Yip resigns as SB REIT Management CFO
He intended to pursue other career opportunities.
MOM rolls out stricter rules for large worker dormitories
Hefty fines await erring operators.
Chart of the Day: See the slump in Singapore’s factory and warehouse leasing in 3Q
Tenants prefer to renew.
Roxy-Pacific’s net profit plunged 23% in Q3 on back of sluggish residential sales
Average room rates also took a beating.
Johnnie Tng Chin Heww quits as Ying Li International Real Estate group CFO
He intended to pursue other career opportunities.
Tay Hun Kiat quits as Cedar Strategic Holdings director
He wanted to pursue his other commitments.
GIC-led group in talks to buy IndCor from Blackstone for over $10b
It’s seeking $6.5b in debt to fund the acquisition.
UOL unveils $1b multicurrency medium term note programme
It will be used to fund existing debt.
Global Logistic Properties’ profit dipped 38.3% to $115.5m in Q2
Property-related expenses increased by 29.7%.
CapitaRetail China Trust Management names Prof Tan Kong Yam as director
He will also be a member of the Audit Committee.
SREITs seek refuge overseas as local property sales dearth escalates
Three locations are in the spotlight.
Risk-hungry Asian investors eager to snap up properties over the next six months
CBD offices are the most coveted.
Industrial property price standoff intensified in Q3 as sales volume plunged 56.7%
Only 420 caveats were lodged.
GIC unveils $313m maiden real estate investment in New Zealand
The JV aims to grow to $500m over time.
CapitaCommercial Trust Management issues $75m floating rate notes to refinance existing debt
The notes are due on 2021.
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