Daily Briefing: ARA Asset on acquisition spree with $3b war chest; Oxley’s 4-year bond fully subscribed

And the first Singapore condo to use Ez-link cards.

ARA Asset Management Ltd., a manager of real estate trusts partly owned by billionaire Li Ka-shing, sees opportunities in China, Australia and South Korea as it prowls for deals with a war chest of as much as $3 billion. Read more here.

Singapore-listed property developer Oxley Holdings announced that its recent retail bond offering worth $150 million had been fully subscribed. Initially, the company planned to issue $25 million worth of securities via a placement to private banks, institutional investors and other accredited bondholders, while $125 million would go to public investors. Read more here.

Gem Residences, an upcoming condominium in Toa Payoh, is set to become the first residential project in Singapore where residents can use ez-link cards to pay for the usage of certain services and facilities. Read more here.