CityDev sees 19% decline in 1Q earnings to S$86 mil
SINGAPORE (May 11): Property group City Developments announced S$85.
Office space on demand
This June, Tjin Lee, founder and managing director of the Mercury group of companies, is moving her public relations and marketing & communications (M&C) teams to the co-working space at The Work Project at OUE Downtown Gallery.
11 Rumah Selangorku projects to be completed this year
PETALING JAYA (May 3): A total of 11 Rumah Selangorku projects, amounting to 2,820 units of affordable homes, will be completed by the end of this year, according to the Selangor Housing and Property Board (LPHS).
Ardmore Park unit fetches S$3,363 psf
SINGAPORE (May 10): A 2,885 sq ft, high-floor unit at Ardmore Park changed hands for S$9.
This REIT has enjoyed 8 straight quarters of DPU growth
SINGAPORE (May 9): OCBC is re-iterating its “buy” call on Lippo Malls Indonesia Retail Trust with a fair value of S$0.
CDL Hospitality Trusts gets a DPU kick from The Lowry
SINGAPORE (May 8): DBS is maintaining its “buy” call on CDL Hospitality Trusts with a revised target price of S$1.
Exposure to improving US office market makes this a winning REIT
SINGAPORE (May 3): DBS is maintaining its “buy” call on Manulife US REIT (MUST) with a higher target price of US$1.
Singapore seeks first price and quality tender
SINGAPORE (May 3): The Singapore Land Authority (SLA) yesterday said it would conduct the first-ever price and quality tender for the conserved state property at 26, 28, 30, 32 and 36 Orchard Road for commercial use.
Manulife US REIT 1Q DPU beats projections by 8.6% at 1.65 US cents
SINGAPORE (May 2): The manager of Manulife US REIT has announced a distribution per unit (DPU) of 1.
CapitaLand Commercial Trust to divest One George Street into 50%-held JV partnership for S$84.6 mil
SINGAPORE (May 2): The trustee manager of CapitaLand Commercial Trust (CCT) has entered into an agreement to divest One George Street into a concurrently-formed limited liability partnership – One George Street LLP (OGS LLP), which CCT has established with joint venture partner OGS (II), a special purpose vehicle owned by insurer FWD Group.
