April 2021

OCBC will be reviewing its office space requirements and may be cutting down on its number of branches, said chairman Ooi Sang Kuang on Thursday during the bank's annual shareholder meeting that was held virtually. The Business Times - Read...

U11 UOB is considering downsizing its office space as hybrid work arrangements gain momentum, but the bank's chief executive officer and deputy chairman Wee Ee Cheong does not expect too significant a reduction in real estate. The Business Times - Read...

FINANCIAL firms are expected to return less office space than DBS Group Research had earlier projected. The Business Times - Read...

Frasers Hospitality Trust's (FHT) distribution per stapled security (DPS) fell by 45.5 per cent to 0.179 Singapore cent, for H1 FY2021 ended March 31, from 0.3287 cent a year ago. The Business Times - Read...

IN A message to unitholders in its annual report, the manager of CapitaLand Integrated Commercial Trust (CICT) had indicated in February that the newly merged trust will be looking to optimise its portfolio. The Business Times - Read...

Located at 18 Tomlinson Road, Park Nova is a 54-unit condominium within walking distance to Orchard MRT Station. Source: Park Nova  Park Nova, Shun Tak Holdings’ first residential development project in Singapore, will open for preview strictly by appointment only on Saturday (1 May). Located in District 10, adjacent to Orchard Boulevard, the development will feature a biophilic design and offer 54...

ASCOTT Residence Trust (ART) posted a 10 per cent quarter-on-quarter increase to S$55 for its revenue per available unit (RevPAU) of its properties under management contracts and management contracts with minimum guaranteed income, excluding rental housing and student accommodation properties. The Business Times - Read...

ESR-Reit is divesting its properties at 11 Serangoon North Avenue 5 and 3C Toh Guan Road East for S$53 million, the Reit manager said on Wednesday. The Business Times - Read...

LHN Limited has bought a 30-unit property at 115 Geylang Road for S$13.5 million, the company said on Wednesday. The Business Times - Read...

SHOPHOUSES at 53 Lavender Street, 35 Tyrwhitt Road and 8 Lorong 22 Geylang have been put up for sale by tender and via expression of interest by exclusive marketing agent PropNex Realty. The Business Times - Read...