Real Estate News

PROPERTY developer OUE on Friday posted a 52.5 per cent drop in third-quarter revenue to S$134.2 million, due to lower contribution from its investment properties, on the back of rental rebates extended to tenants on a targeted basis. PROPERTY developer OUE on Friday posted a 52.5 per cent drop in third-quarter revenue to S$134.2 million, due to lower contribution from its investment properties, on...

DORMITORY developer-operator Centurion Corp on Friday posted an 11 per cent drop in third-quarter revenue to S$29.4 million, due mainly to lower occupancy in its portfolio because of Covid-19, particularly in its student accommodation properties in Australia and the United Kingdom. DORMITORY developer-operator Centurion Corp on Friday posted an 11 per cent drop in third-quarter revenue to S$29.4...

MCC Land (Singapore) has won the tender for a site at Tanah Merah Kechil Link with its bid of S$248.99 million, the Urban Redevelopment Authority (URA) announced on Friday. MCC Land (Singapore) has won the tender for a site at Tanah Merah Kechil Link with its bid of S$248.99 million, the Urban Redevelopment Authority (URA) announced on Friday. The Business Times - Read...

SASSEUR Real Estate Investment Trust (Sasseur Reit), which owns outlet malls in China, posted a 7.6 per cent rise in its distribution per unit (DPU) to 1.764 Singapore cents for the third quarter ended Sept 30, 2020, from 1.64 cents a year ago. SASSEUR Real Estate Investment Trust (Sasseur Reit), which owns outlet malls in China, posted a 7.6 per cent rise in its distribution per unit (DPU) to 1.764...

HOSPITALITY player AF Global's proposed 292.8 million yuan (S$57.6 million) sale of a 55 per cent interest in its joint venture (JV) did not take place. HOSPITALITY player AF Global's proposed 292.8 million yuan (S$57.6 million) sale of a 55 per cent interest in its joint venture (JV) did not take place. The Business Times - Read...

A SUBSIDIARY of Cromwell European Real Estate Investment Trust (Cromwell E-Reit) has priced an offering of 300 million euros (S$477.8 million) of five-year senior unsecured notes. A SUBSIDIARY of Cromwell European Real Estate Investment Trust (Cromwell E-Reit) has priced an offering of 300 million euros (S$477.8 million) of five-year senior unsecured notes. The Business Times - Read...

ERA Realty’s estimated market share in the new homes segment climbed to 29.7% in the third quarter of 2020 from 29.5% over the same period last year. Image credit: ERA APAC Realty on Thursday (12 November) revealed that ERA Realty’s estimated market share in the new homes segment climbed to 29.7% in the third quarter of 2020 from 29.5% over the same period last year. In Q3 2020, developers sold 3,517...

CHINESE property developers have found a new way to build themselves up: Many are rushing to list management units in Hong Kong. At least 10 have floated this year, with two currently selling their shares to investors and six more, including Evergrande, in the queue. CHINESE property developers have found a new way to build themselves up: Many are rushing to list management units in Hong Kong. At...

SURBANA Jurong group has snapped up London's Atelier Ten - better known as the building designers behind Changi's Jewel and Gardens by the Bay - as the group ups its focus on projects that are built with environmental sustainability in mind. SURBANA Jurong group has snapped up London's Atelier Ten - better known as the building designers behind Changi's Jewel and Gardens by the Bay - as the group ups...

SUBURBAN malls are outperforming those located elsewhere even as online shopping gains in popularity, OCBC says. SUBURBAN malls are outperforming those located elsewhere even as online shopping gains in popularity, OCBC says. The Business Times - Read...