Property News

PROPERTY company UOL Group on Wednesday said headwinds remain, although its retail portfolio's committed occupancy remains stable, with average daily footfall in the third quarter having recovered to 54 per cent of pre-Covid levels. PROPERTY company UOL Group on Wednesday said headwinds remain, although its retail portfolio's committed occupancy remains stable, with average daily footfall in the...

LOCKDOWNS, travel restrictions and hotel closures - Frasers Property felt the full force of the Covid-19 pandemic, reporting a S$45.7 million loss for its second half, compared to hefty net earnings of S$294.3 million a year ago. LOCKDOWNS, travel restrictions and hotel closures - Frasers Property felt the full force of the Covid-19 pandemic, reporting a S$45.7 million loss for its second half,...

UNITS of Ascendas Real Estate Investment Trust (Ascendas Reit) lost ground on Wednesday after its manager announced it was readying a war chest to acquire data centres and office buildings overseas. UNITS of Ascendas Real Estate Investment Trust (Ascendas Reit) lost ground on Wednesday after its manager announced it was readying a war chest to acquire data centres and office buildings overseas....

THE removal of certain pricing data linked to home buying by foreigners from an Urban Redevelopment Authority (URA) platform has highlighted the importance of data transparency. THE removal of certain pricing data linked to home buying by foreigners from an Urban Redevelopment Authority (URA) platform has highlighted the importance of data transparency. The Business Times - Read...

THE respective independent financial advisers (IFAs) appointed by the managers of ESR-Reit and Sabana Shari'ah Compliant Industrial Reit (Sabana Reit) have advised the Reits' directors to recommend that unitholders vote in favour of the merger. THE respective independent financial advisers (IFAs) appointed by the managers of ESR-Reit and Sabana Shari'ah Compliant Industrial Reit (Sabana Reit) have...

REAL estate agency PropNex reported a 10.6 per cent improvement in its bottom line for its fiscal third quarter despite a dip in revenue, it said in an exchange filing on Thursday morning. REAL estate agency PropNex reported a 10.6 per cent improvement in its bottom line for its fiscal third quarter despite a dip in revenue, it said in an exchange filing on Thursday morning. The Business Times -...

ARA Asset Management has purchased Parc1 Tower II - an office building in Seoul - for over one trillion Korean won (S$1.21 billion), in a deal slated to be the largest single asset transaction in Korea this year, ARA said in a press statement on Tuesday. ARA Asset Management has purchased Parc1 Tower II - an office building in Seoul - for over one trillion Korean won (S$1.21 billion), in a deal...

The 39-storey District 3 project sits atop Pearl’s Hill, promising a panoramic view of Singapore’s Downtown. Image: Landmark JV Pte. Ltd The Landmark, a 396-unit residential development project in District 3, is set to open for preview by appointment this Saturday (14 November). Located within the heritage-rich Outram District, the 39-storey project is developed by Landmark JV, which is a joint...

PropNex’s profit after tax and minority interest (PATMI) increased to $6.76 million during the third quarter of 2020 from $6.11 million over the same period last year. PropNex saw its profit after tax and minority interest (PATMI) increase 10.6% to $6.76 million during the third quarter of 2020 from $6.11 million over the same period last year. With this, the real estate agency also posted a 10.6%...

Units sold in developments located within the OCR and the RCR made up 35.5% and 46.6% of the total sales, while the CCR accounted for 18%. Singapore’s private non-landed market continues to be in healthy demand as the latest developer’s sales see 133 units sold for the week of 2-8 Nov, according to a report by real estate agency Huttons Asia.  Units sold in developments located within Outside...