OUT of the 11 super penthouses around the world now on the market, six are in Singapore, based on listings from 2016 to April 2019, List Sotheby’s International Realty (List SIR) said on Wednesday.
ESR-REIT will issue about 194.2 million new units under its upsized private placement to raise gross proceeds of S$100 million, the manager of the mainboard-listed real estate investment trust (Reit) said in a bourse filing early Tuesday morning.
CATALIST-LISTED oil and gas company Annica Holdings on Tuesday entered into Memorandum of Understandings (MOUs) with Perak's state economic development corporation to explore and build large-scale solar photovoltaic projects, and for the latter to "endeavour" to supply natural resources from Perak to Annica's customers.
ESR-REIT will issue about 194.2 million new units under its upsized private placement to raise gross proceeds of S$100 million, the manager of the mainboard-listed real estate investment trust (Reit) said in a bourse filing early Tuesday morning.
WE see significant potential for real estate investment trusts (Reits) across the Asia-Pacific region. Listings have already grown strongly over this decade, with the total number of listed Reits growing from 50 to 792, and the market capitalisation of the S&P Asia Pacific Ex-Japan index growing by 71 per cent.
MERCURIUS Capital Investment is looking to buy a 50 per cent stake in a Thai private property developer, Grand Bay Hotel, for more than 335 million baht (S$14.69 million) from Thailand-listed real estate developer Apex Development.
THE rapid growth in e-commerce demand for retail purchases represents an opportunity for the logistics services market to grow further in Singapore, said Colliers International in a report.
MAINBOARD-LISTED First Sponsor Group has entered into a joint venture agreement with Poly Bay Area Investment Development Co (Poly Bay Area) and Shoucheng Dongguan Real Estate Co (SDRE) to develop three plots of land in Guangdong, China, that was acquired for some three billion yuan (S$592 million), the Hong Leong-linked property developer announced on Monday morning.
OWNERS at the residential-and-retail complex Beauty World Plaza have launched another tender for a collective sale at a reserve price of S$165 million - unchanged from that of their previous attempt last November.
ESR-REIT opened the new week by unveiling a slew of initiatives: It will acquire a warehouse for S$225 million under a newly formed joint venture (JV) and undertake asset enhancement initiatives (AEIs) at two of its existing assets; it will also raise up to S$150 million in an equity fundraising to finance these transactions and to service existing debt.
THE 29.5 per cent month-on-month rise in developers' private home sales in May amid a flurry of nine new project launches - suggests that fears of a trade war do not seem to have dampened property market sentiment too much.
TEE LAND sold during its preview weekend 15 units out of 48 units at its condo Lattice One, at an average price of around S$1,800 per square foot (psf).
OWNERS at the residential and retail complex Beauty World Plaza have launched another tender for a collective sale at a reserve price of S$165 million - unchanged from their previous attempt back in late November 2018.
ENERGY services provier KS Energy's unit KS Drilling and port machinery and heavy marine equipment manufacturer Shanghai Zhenhua Heavy Industries (ZPMC) have terminated with immediate effect their new build contract for the KS Java Star 3 rig after discussions between the two.
DEVELOPERS in Singapore sold 952 private homes in May 2019, up 29.5 per cent from the 735 units they moved in April 2019, but 15.2 per cent lower than the 1,122 units they sold in May last year.