PROPERTY consulting group Savills says its acquisition of the "top investment sales team in Singapore" is timely, given that more capital inflows are expected in the city state from regional markets in Hong Kong, China, Korea and Australia.
FRASERS Property Limited has been taking a cautious approach to the Singapore residential market, given elevated land prices and a slow take- up rate from home buyers. But it continues to actively review opportunities, group chief executive officer Panote Sirivadhanabhakdi said at the group's earnings briefing on Monday.
MAINBOARD-LISTED Tiong Seng Holdings has secured S$125 million worth of green loan and environmental performance-linked facilities from OCBC Bank and DBS Bank respectively.
OXLEY Holdings has pared its stake in United Engineers (UE) to below 10 per cent after selling some 62 million shares, representing a 9.73 per cent interest, in the open market.
THE takeover offer of Chinese real estate player Yanlord Land Group for all ordinary shares of United Engineers (UE) has turned unconditional, with the offeror's stake in UE crossing the 50 per cent threshold.
IT'S NO secret that digital retail provides consumers with a convenient channel for shopping, or that younger technology-savvy consumers prefer online shopping over malls for selected goods and services.
OVER the last five months, the escalating violence of protesters in Hong Kong has captivated the world.
A HUNDRED and four non-landed new homes with a price tag of S$5 million and above were sold in the first 10 months of this year - the highest tally in recent years.
IN RECENT months, foreigners' purchases of luxury condo units in Singapore, including penthouses, have made headlines in an otherwise subdued market.
OUE Limited's third-quarter net profit surged to S$124.1 million, almost 60 times that of the S$2.1 million net profit for the year-ago period due to higher earnings before interest and taxes (Ebit) and a one-off non-cash gain of S$90.9 million arising from the merger of OUE Commercial Real Estate Investment Trust (OUE C-Reit) and OUE Hospitality Trust (OUE H-Trust).
FOLLOWING an activist fund's call for the merger of Sabana Reit and ESR Reit, sponsor ESR Cayman on Friday said it is aware of the possible conflicts of interest that may arise between the two Reits and has put in place "strict internal controls" to regulate conflicts of interest within its different business lines.
FRASERS Property on Friday said net profit for its 2019 financial year fell sharply, down 25.3 per cent to S$560.3 million due to lumpiness in development earnings.
PROPERTY developer Fragrance Group posted a net profit of S$98.4 million for the third quarter, about 41 times the S$2.4 million profit a year ago.
DEVELOPERS in Singapore sold 928 private homes in October, down 27 per cent from the 1,270 units moved in September.
PROPERTY developer Fragrance Group on Thursday night posted a net profit of S$98.4 million for the third quarter, which is about 41 times that of the S$2.4 million profit in the year-ago period.