Property News

UNITHOLDERS of Mapletree Logistics Trust (MLT) have voted in favour of its plan to acquire 13 logistics assets in China and 3 properties in Vietnam as well as the proposed issue of 106 million new units in MLT as partial consideration for the acquisitions in China. The Business Times - Read...

THE Straits Trading Company is acquiring two freehold office buildings in Australia for about A$150 million (S$143.9 million) through its wholly-owned unit, Straits Real Estate (SRE). The Business Times - Read...

PROPERTY developer First Sponsor Group reported S$121 million in net profit for the full year ended Dec 31, 2021, up 17.7 per cent from S$103 million in the year-ago period, the company said in a bourse filing after market hours on Friday (Feb 11). The Business Times - Read...

LUXURY offices, smart buildings and mixed-use developments are among the global real estate trends identified by property investment firm Hines for 2022. The Business Times - Read...

THE appellate division of the High Court has dismissed the appeal by members of The Pines club, who are seeking higher damages against motoring tycoon Peter Kwee's company, Exklusiv Resorts. The Business Times - Read...

COMMERCIAL property investments in Asia-Pacific attracted US$177 billion in direct investments in 2021 with capital deployment volumes returning to pre-pandemic levels last seen in 2019, according to real estate consultancy JLL in a press statement on Friday (Feb 11). The Business Times - Read...

COMMERCIAL property investments in Asia-Pacific attracted US$177 billion in direct investments in 2021 with capital deployment volumes returning to pre-pandemic levels last seen in 2019, according to real estate consultancy JLL in a press statement on Friday (Feb 11). The Business Times - Read...

FIRST Real Estate Investment Trust's (First Reit) distribution per unit (DPU) dropped to S$0.0131, down 29.2 per cent year on year from S$0.0185, in the second half ended Dec 31, 2021, its manager announced on Thursday (Feb 10). The Business Times - Read...

DEMAND for new homes held steady in January in spite of new cooling measures introduced last year. Based on caveats lodged, analysts estimated that developers sold 639 new private homes last month, a marginal 1.7 per cent dip from December 2021's 650 units. The Business Times - Read...

KEPPEL Corporation and consortium Cuscaden Peak are embroiled in a takeover battle over Singapore Press Holdings' (SPH) non-media assets. The Business Times - Read...