Daily Archives: October 31, 2018 (27 Articles Found)

PropertyGuru group brings home fresh funds of S$200m – raised total of S$436.2m to date

Vulcan Post

Here’s a glimpse of Ascendas REIT’s occupancy rates

Check out Reed Smith’s sleek hub at Ocean Financial Centre

Positive rental reversions could boost CapitaLand Commercial Trust

CDL Hospitality Trusts reports 4.8% lower 3Q DPS of 2.18 cents amid ongoing asset enhancements

Floating solar panels in Kranji could be option for private firms seeking to cut carbon footprint

TODAYonline

Golden Mile Complex may stay – even with en bloc

Far East Hospitality Trust kept at ‘buy’ at DBS and OCBC on recovery signs

Gross revenue for Far East Hospitality Trust (FEHT) increased 11.1% y-o-y to $30.5 million, due to an increase in hotel master lease rental and contribution from Oasia Hotel Downtown. Net property income increased 11.8% y-o-y to $27.7 million.…

AHTC trial: Law firm Shook Lin & Bok to submit bill to town council

The legal firm representing AHTC will submit its bill to the town council for its work in the landmark trial against three WP MP and five other parties. That is according to a document provided to CNA on…

Check autonomous vehicle driving tests for blind spots

On Mar 18, the first pedestrian fatality involving an autonomous vehicle (AV) took place in the American state of Arizona. The AV, being tested by Uber, did not brake or swerve before colliding with the woman, who was…

Five freehold conservation shophouses in Geylang for sale

Five adjoining freehold conservation shophouses at 236 to 244 Geylang Road are up for sale via an EOI exercise at an indicative price of $28 million. This works out to about $1,312 psf based on the floor area…

Century Warehouse up for collective sale at S$57m; Tuan Sing owns most of the strata units

Century Warehouse, a freehold industrial warehouse in Pasir Panjang Road, will be launched for a collective sale at S$57 million on Thursday, with 100 per cent owners’ consensus. That would translate to a land rate of S$750 psf…

Co-working firm WeWork unveils 3 new offices at City House, Suntec City and 8 Cross St

Co-working giant WeWork has announced the official launch of three new offices in Suntec City Tower 5, City House and 8 Cross St in Singapore, bringing its footprint here to over nine locations with 4,000 members. This confirms…

Digital mapping tool to track Singapore’s development

Swathes of “Chinese vegetable Gardens”, “Mangrove Marshes”, “Brick Kilns” and “Cotton Plantations” stand in present-day Farrer Park, Little India, Lavender and Whampoa, respectively. These areas of what was otherwise a rather barren and little developed Singapore are marked…

App to help those with disabilities get around expected to be launched by mid-2019

For Mr Najulah Mohamed, 22, getting around Singapore is far from a smooth ride. The SMU undergraduate, who was born with brittle bone disease, uses Google Maps to plan his route, but there is no telling if parts…

Clean energy to boost business spending by $180m a year, add 1,000 professional jobs: Masagos

New investments in Singapore’s fast-growing clean energy industry will generate $180 million in annual business spending and create about 1,000 professional jobs in the next five years, MEWR Minister Masagos Zulkifli said on Wed. Singapore has an ambitious…

ExxonMobil to pump US$10m into new Singapore Energy Centre

ExxonMobil will contribute US$10 million over five years as the first founding industry partner for the new Singapore Energy Centre, in the oil and gas supermajor’s first R&D partnership outside the US. The investment was announced on Wed…

JTC and SP Group to build Singapore’s first smart grid for business parks at PDD

JTC and SP Group have teamed up to develop and operate the first smart grid for business parks in Singapore. The pair signed an agreement on Wed at the Asian Clean Energy Summit 2018, witnessed by MEWR Minister…

Changi Airport’s T4 handled over 8 million passengers in first year

Changi Airport’s T4, which turns one on Wed, has seen over eight million passengers in the first year of operations – about half of its total annual capacity. Since it opened on Oct 31 last year, the facility…

LTA to trial signalling system to extend green traffic light for delayed buses

LTA will conduct a six-month trial of a new signalling system for public buses. It will prompt traffic lights to stay green for longer if necessary, allowing buses which have been delayed by traffic conditions to move along.…

Government sites at Kampong Java Road, Tampines Ave 10 and Marina View up for sale

Two residential sites and one White site with a combined yield of 2,000 homes and 540 hotel rooms were released for sale under the second half 2018 GLS Programme on Wed. URA White site, or mixed-use site, at…

Hyflux intends to seek four-month extension of moratorium

More than one week after it announced a S$530 million lifeline from Indonesian investors, Hyflux on Wed said it intends to seek a four-month extension of its ongoing moratorium. The moratorium, which grants the embattled water treatment firm…

Malaysia PM Mahathir to visit Singapore next month; water agreement among issues to be discussed: Minister

Malaysian PM Mahathir Mohamad is scheduled to visit Singapore on Nov 12, where he will discuss various issues including the water agreement with the Republic. Leaders from the ASEAN will be attending the 33rd ASEAN Summit from Nov…

Ground floor strata F&B space in Grand Building selling for $18 mil

The ground floor commercial space of Grand Building at 17 Phillip St is on the market for $18 million ($6,147 psf), says ET&Co. The unit has a 2,928 sqft floor area which spans the entire ground floor of…

Flying taxi tests: Public safety is top priority

We thank Mr Phillip Tan Fong Lip for his letter (Safety concerns over testing flying taxis in S’pore, Oct 29). Public safety will be the top priority during the trials. We will be taking a phased approach. Volocopter…

No need for 24/7 hawker centres

While it is reasonable for some hawker centres, such as those near factories with people doing shift work, to be open for 24 hours, the same does not apply for those centres in residential areas (Does it pay…

Singapore ousts Hong Kong as no. 1 for luxury home-price gains

Guess which city managed to top a luxury real-estate ranking despite a slew of cooling measures to tame its property market? Yes, the tiny island nation of Singapore, nudging out Hong Kong. Luxury home prices rose 13 percent…

Bloomberg

PropertyGuru group brings home fresh funds of S$200m – raised total of S$436.2m to date

Today, the PropertyGuru (PG) Group announced that it has secured US$145 million in a Series D round of funding, led by global investment firm KKR. This brings its total funding to date to S$436.2 million. Said Hari V.…

Vulcan Post

Here’s a glimpse of Ascendas REIT’s occupancy rates

This chart from UOB Kay Hian (UOBKH) shows that the occupancy rate of the Singapore portfolio of Ascendas REIT (AREIT) dipped 3 ppt YoY to 87.1% in Sept. “Management observed that customers are downsizing operations, moving into their…

Check out Reed Smith’s sleek hub at Ocean Financial Centre

Intl law firm Reed Smith has moved to a new office in the Ocean Financial Centre, featuring spaces that offer stunning views of the marina and beyond through wide floor-to-ceiling windows. “The larger office space provides the necessary…

Positive rental reversions could boost CapitaLand Commercial Trust

Firm rental reversions could await CapitaLand Commercial Trust (CCT) amidst limited new office supply, OCBC Investment Research (OIR) said. Moreover, OIR’s outlook that core Grade A office rentals will continue to get a boost from its current levels,…

CDL Hospitality Trusts reports 4.8% lower 3Q DPS of 2.18 cents amid ongoing asset enhancements

CDL Hospitality Trusts (CDLHT) revenue for the quarter fell 8.8% to $50 million as compared to $54.8 million a year ago, as Dhevanafushi Maldives Luxury Resort suspended its operations since June this year for rebranding works. Singapore’s performance…

Floating solar panels in Kranji could be option for private firms seeking to cut carbon footprint

Could the option to tap solar energy be a draw for investors in Singapore? EDB thinks so. If things go according to plan, a private company could in future tap energy from floating solar panels at Kranji Reservoir.…

TODAYonline

Golden Mile Complex may stay – even with en bloc

The iconic step-terraced Golden Mile Complex building could be spared from the wrecking ball – even if it finds an en bloc buyer at its reserve price of S$800 million. An outline application has been submitted to retain…