Daily Archives: June 26, 2013 (11 Articles Found)

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Resale strata factory units sold down 17% in Q2

The industrial real estate market seems to be losing some momentum in the second quarter, as buyers turn more cautious following the introduction of a SSD, research by DTZ shows. The number of resale strata factory units sold…

OUE shareholders okay sale to new Reit

Shareholders of Overseas Union Enterprise (OUE) have approved the group’s plan to divest two of its key properties into a Reit. They have also agreed to the company’s proposal to pay out a special dividend after the sale…

SPH monitoring market conditions for Reit listing

SPH has declined to add to a report that claims it has delayed IPO for its retail Reit amid turbulent market conditions. In a regulatory filing yesterday, it said that the company is “continuing to monitor market conditions…

UBS flags rapid rise of S’pore household debt

The rapid rise in household debt here, coming amid the uncertainty of global financial markets, has been red-flagged. Kelvin Tay, the regional chief investment officer for the Southern Asia-Pacific for UBS Wealth Management, said the high household debt…

Govt offering fewer residential sites to balance supply

The Government will roll out fewer residential land sites to developers in the next six months, as it strikes a balance between ensuring adequate supply while preventing a glut. A total of 24 sites able to yield 14,155…

Construction firm Logistics ventures into property

Logistic Holdings is repositioning itself to become a property developer after it acquired its first site through a collective sale. The construction firm announced yesterday that residents of Minton Court unanimously approved the sale of the site at…

Office landlords can’t bank on finance sector

Singapore’s office landlords, long dependent on banks, are broadening their tenant base to soak up empty space as the commercial property market inches towards recovery after a three-year slump in rents. Rents in the best buildings may start…

Park Regis sold for SS$250m: reports

Park Regis Singapore has been sold to a Chinese buyer for S$250 million. Located along New Market St and Merchant Road, the property comprises a 203-room hotel as well as a seven-storey office block offering around 42,000 sqft…

Thomson View en bloc sale: Hearing starts

The huge $590 million collective sale of Thomson View Condominium finally went to court for approval on Mon, after hitting a legal snag earlier this year. The en bloc sale needs the High Court’s approval in order to…

Agent jailed 3 weeks for pocketing $2,900, forgery

Property agent Bentley Ang was jailed for three weeks after pocketing S$2,900 of his client’s money and committing forgery to cover up the crime. A former agent of Knight Frank Property Network, Ang pleaded guilty to forging his…

C&W buys Project Solution Group

C&W has agreed to acquire Singapore-based project management specialist Project Solution Group (PSG). The acquisition is in line with C&W’s plan to strengthen its presence in the APAC region. Upon the deal’s completion, the company’s position as a…

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