April 2022

REAL estate conglomerate Heeton Holdings has appointed former Member of Parliament (MP) Lee Bee Wah as its independent non-executive director effective Wednesday (Apr 27), the company announced after its annual general meeting (AGM) on the same day.  The Business Times - Read...

MORE than 80 per cent of Golden Mile Complex owners have agreed to a collective sale at S$700 million, which is lower than its original S$800 million reserve price. The Business Times - Read...

ANALYSTS are mixed on Suntec real estate investment trust (Reit) after it posted a 16.9 per cent increase in distribution per unit (DPU) to S$0.02391 for its first quarter ending Mar 31, 2022, from S$0.02045 a year ago. The Business Times - Read...

VERDUN House at Farrer Park has been sold to Fragrance Group's chief executive James Koh for S$55.1 million after he emerged as the highest bidder. The Business Times - Read...

A HOTEL site located at 6, 8, 10 Devonshire Road and 130 Killiney Road will be put up for sale via expression of interest (EOI) at an indicative price of S$50 million. The Business Times - Read...

AIMS Apac Reit posted a 4.8 per cent fall in its distribution per unit (DPU) to S$0.0471 for its second half ended Mar 31, from S$0.0495 a year ago, as distributions to unitholders declined 3.8 per cent on year to S$33.6 million for the period, from S$35 million. The Business Times - Read...

PROPERTY firms and real estate investment trusts (Reits) bagged nearly half of the green debt raised by Singapore companies last year, with sustainability-linked loans making up the lion’s share, according to an analysis by the Institute of Real Estate and Urban Studies (IREUS). The Business Times - Read...

FRASERS Centrepoint Trust (FCT) posted a 2.3 per cent rise in distribution per unit (DPU) to S$0.06136 for its first half ended Mar 31, 2022, from S$0.05996 a year ago, as the real estate investment trust (Reit) saw an improved operating and financial performance in the period. The Business Times - Read...

A grandson of the late property magnate and hotelier Wee Thiam Siew is buying an old freehold bungalow along Olive Road for nearly S$50.24 million. The Business Times - Read...

JTC on Tuesday (Apr 26) launched 2 sites in Tampines under the Industrial Government Land Sales (IGLS) programme. The Business Times - Read...