News by Michelle Zhu

This was mainly due to the absence of one-off distribution of the S$9.11 million (RM27.36 million) divestment gain which was equally distributed in the four quarters in FY2015.

CapitaLand has announced the establishment of its third integrated development private investment vehicle in China, Raffles City China Investment Partners III (RCCIP III) — which fully closed at US$1.5 billion (RM6.25 billion) and has a life of eight years.

Frasers Property says the deal is one of the largest site acquisitions in Melbourne in recent years

Gross revenue for the quarter fell 8.5% to S$50.6 million from S$55.3 million in 3Q15, a decrease of S$4.7 million, due weaker renminbi against SGD.

The Wonderland development comprises 294 apartments within a 13-storey curvilinear building, located on the Chippendale fringe of Central Park and at the southern boundary of Chippendale Green.

Property company Frasers Centrepoint Limited (FCL) says its subsidiary, Frasers Property Holdings (Thailand) (FPHT), on Friday signed an agreement to subscribe for up to 735 million new shares of TICON Industrial Connection Public Company Limited for THB 13.23 billion (S$520 million).

In a Tuesday report, analysts Lock Mun Yee and Yeo Zhi Bin observe how retail REITs seem to be a “favoured canopy”, largely because investors are largely hiding in yield — especially in liquid, large-cap REITs. 

SGREIT recently announced a FY16 revenue of S$219.7 million (RM661.8 million), net property income (NPI) of S$170.3 million, as well as a DPU of 5.18 cents.

DBS Vickers Securities is keeping its “hold” call on CapitaLand Mall Trust (CMT) with a higher target price of S$2.23 (RM6.69), from S$2.20 previously.

EC World will be the third REIT to be floated in Singapore this year. The trust hopes to raise up to S$450 million (RM1.3 billion) with its initial portfolio of six e-commerce and logistics properties located in Hangzhou, China.