April 2022

A NEW benchmark in per-room pricing may have been set in the Singapore hotel market: The 134-room SO/ Singapore, which sits opposite Lau Pa Sat in the Central Business District (CBD), is being sold for about S$1.8 million per key, making for a total price of some S$240 million. The Business Times - Read...

Keppel Real Estate Investment Trust (Reit) Management, the manager of Keppel Reit, has sold S$11.1 million worth of Keppel Reit units on Friday (Apr 29), Keppel Corp announced after market close. This decreased the company’s interest in the Reit to 46.68 per cent from its previous 46.92 per cent. The Business Times - Read...

Lim How Teck has made an application to wind up Laguna National Golf, but on Friday (Apr 29), the company filed an affidavit - signed by the golf and country club's owner Peter Kwee - to object to the application. The Business Times - Read...

CAPITALAND Integrated Commercial Trust’s (CICT) net property income (NPI) inched up 0.5 per cent year on year in Q1 2022 to S$248.3 million, the real estate investment trust's (Reit) manager announced on Friday (Apr 29) after market close. The Business Times - Read...

ANALYSTS on Friday (Apr 29) shaved their target prices on Mapletree Logistics Trust (MLT) but remained positive on the real estate investment trust (Reit) for its earnings resilience. Both research teams from DBS Group Research and Maybank Securities have maintained their “buy” calls on the counter. The Business Times - Read...

ELITE Commercial Reit’s distribution per unit (DPU) rose 4.9 per cent to 1.28 pence for its first quarter ended Mar 31, 2022, from 1.22 pence a year ago. The Business Times - Read...

WITH the easing of Covid-19 travel restrictions driving higher occupancies, CDL Hospitality Trusts (CDLHT) recorded a 22.5 per cent increase in net property income (NPI) to S$24.2 million for the first quarter of 2022 ending March 31, 2022, compared to the same period a year ago. The Business Times - Read...

HOSPITALITY trust Ascott Residence Trust (ART) said its portfolio revenue per available unit (RevPAU) rose 22 per cent on year to S$67 for its first quarter ended March, from S$55 a year ago. The Business Times - Read...

FRASERS Hospitality Trust's (FHT) distribution per stapled security (DPS) soared to 0.7039 Singapore cent from 0.179 cent a year ago for H1 FY2022 ended Mar 31.  The Business Times - Read...

PROPERTY developer and hotelier Amara Holdings responded to former independent director and chairman of the remuneration committee (RC) Tan Tiong Cheng, noting that it does not consider its outstanding material issues before the RC as an “unresolved matter”. The Business Times - Read...