Daily Archives: January 27, 2021 (24 Articles Found)

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Colin Low resigns as CEO of Frasers Hospitality Trust’s manager

Colin Low Hsien Yang has resigned his position as CEO of Frasers Hospitality Trust’s (FHT) manager on Jan 27. According to a filing posted on SGX, Low is seeking to “pursue other professional interests” outside the real estate…

Keppel Infra Trust appoints Daniel Ee as chairman

Keppel Infrastructure Trust (KIT) has appointed Daniel Ee as chairman of the board. Ee will succeed Koh Ban Heng, who will be retiring with effect from Feb 1. Ee has served as independent director on KIT’s board since…

Mapletree Commercial Trust reports 1.9% lower 3Q revenue; sees rebound in shopper traffic and tenant sales in update

The manager of Mapletree Commercial Trust (MCT) has reported gross revenue of $348.7 million for the 3QFY2020/2021 ended Dec some 1.9% lower y-o-y. 3QFY2020/2021 NPI also fell 1.2% y-o-y to $275.9 million. YTD FY2020/2021 or 9MFY2020/2021 gross revenue…

AIMS APAC REIT to acquire Sime Darby Business Centre for $102 mil

AIMS APAC REIT (AA REIT) says its trustee, HSBC Institutional Trust Services, through the REIT’s wholly-owned sub-trust has entered into a put and call option agreement to acquire 315 Alexandra Road from Aster (Alexandra) for a consideration of…

Gautam Adani, one of India’s richest, parks $23.5 mil in Springleaf Tower

Billionaire Gautam Adani, founder and chairman of the eponymous Adani Group, controls the Mundra Port in India, as well as Australia’s Abbot Point coal terminal and the Carmichael coal mine. Last Nov, his company, Adani Global, signed a…

Thumbs up for cleaner of Pek Kio Market toilet

I would like to thank those who do menial work that sometimes does not earn them any gratitude, such as road sweepers, rubbish collectors and toilet cleaners. I visit wet markets and hawker centres regularly. Some of the…

Time for contact tracing cut by more than half with TraceTogether, SafeEntry

Tracing the steps of a Covid-19 patient, such as the location where he had lunch last week, can be laborious, often because many cannot remember mundane matters. But technological tools like TraceTogether and SafeEntry, introduced a few months…

New high-tech lab that allows docs to customise treatment for patients with chronic diseases opens

A cutting-edge research lab that will allow doctors to offer personalised treatment of patients with chronic diseases such as hypertension was officially opened on Wed. The centre uses technology called liquid chromatography coupled with tandem mass spectrometry that…

Despite promising signs, SIA and Changi Airport could see fewer passengers in 2021 than 2020

While Covid-19 vaccines represent a light at the end of a very long tunnel for Singapore’s aviation industry, the outlook for 2021 is just as bleak or even potentially gloomier than 2020. Passenger traffic for Singapore Changi Airport…

Singapore most liveable city in the world for 15th year in a row due to ‘less severe’ lockdown measures

Singapore has retained its top spot as the most liveable city in the world for East Asian expatriates for the 15th year in a row, while many European cities tumbled down the annual rankings during the Covid-19 pandemic.…

12 fined over birthday party at Jurong warehouse during Phase 1 of reopening

Eleven men and a woman were fined on Wed for having a social gathering in June last year, soon after the circuit breaker period imposed to limit the spread of Covid-19 was lifted. They were among 15 Singaporeans…

Local firm to install 4,000 electrical vehicle charging points in 1,200 condos by 2030

A local firm with plans to install 10,000 EV charging points across the country by 2030 announced on Wed that about 4,000 of these points will be located in at least 1,200 condominiums. Citing “strong unmet needs” in…

The Australian Open has lessons for large sports events in Singapore

Australia is split down the middle of an Australian Open muddle, livid that millionaire tennis players flying in for the tournament could possibly wreck months of hard work in keeping communities safe from COVID-19 and returning to some…

Air quality ‘normal’ near Springdale Primary School where 70 students experienced eye irritation, says NEA

Air quality readings at the nearest monitoring station to Springdale Pri School remain within the “normal” range, said NEA on Wed. NEA’s statement came after Springdale Pri on Tues said that about 70 students had experienced “eye irritation”…

Singapore Tourism Board and KrisShop sign three-year partnership to spearhead e-commerce expansion

Singapore Tourism Board and KrisShop, SIA’s flagship retailer, announced a three-year partnership today to jointly market home-grown brands and grow their e-commerce reach, as well as create seamless experiences for their local and intl customers. Under this partnership,…

BBC reveals new Singapore location

The new joint office for BBC Studios and BBC Global News, designed and built in partnership with Singapore-based commercial design and build company Conexus Studio, was completed in late 2020. Located at 18 Robinson in CBD, the new…

Foreign buying of Singapore private homes hits 17-year low

Foreigners snapping up private apartments in Singapore declined to a 17-year low in 2020 as travel restrictions and lockdowns during the coronavirus pandemic deterred them from coming to the city-state. Purchases of units fell to 742 last year,…

Balance frequency of property valuation reviews with a longer-term outlook

Increasing the frequency of property valuation reviews may be a good idea for listed companies in the current pandemic-stricken business environment, some industry watchers said. But this frequency needs to be balanced against the need to also adopt…

Shophouse investment sales in Singapore a bright spot in virus-ravaged 2020: Colliers

As the Covid-19 pandemic put a dent on overall property investment activity in 2020, shophouses in Singapore proved an exception as the only other segment after commercial and mixed-use to improve from 2019. According to Colliers Intl, 18…

As rebates end, restaurants and retailers reel from rent, deposit hikes

Some Singapore retail and F&B businesses are grappling with unexpected rental increments and hefty security deposits (SDs), as they struggle to get back on their feet after Covid-19’s impact, BT has learnt. To be clear, the situation is…

SG property investment sales to rebound in 2021

The economic uncertainties due to COVID-19 and the travel restrictions affecting the practicality to execute transactions, hampered deals in 2020. Still, investors injected $17.3 billion into Singapore’s property investment sales market, comprising all private sector deals worth at…

Analysts mixed on Suntec REIT, some expect deterioration, while others foresee recovery

Analysts are divided over the future of Suntec REIT as three different brokerages gave three different ratings on the stock. Maybank Kim Eng analyst Chua Su Tye was the most bearish on the stock. Chua said in his…

Keppel DC REIT’s DPU surges 20.5% in FY2020, manager plans to continue with acquisitions

Keppel DC (KDC) REIT’s DPU in FY2020 rose by 20.5% y-o-y to 9.17 cents, while 2HFY2020 DPU surged 27.5% to 4.795 cents. DPU growth came on the bank of a 38.6% rise y-o-y in DI to $156.9 million…

Ascott Residence Trust reports 52% lower DPS of 1.99 cents for 2H20 on lower revenue, gross profit

The manager of Ascott Residence Trust (ART) has reported DPS of 1.99 cents for the 2HFY2020 ended December, some 52% lower than DPS of 4.18 cents posted in the corresponding period a year ago. The decrease was largely…

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