Singapore Property News
URA launches tender for Tanah Merah Kechil Link site
by Rachel Mui on May 28, 2020 at 4:48 am
A LAND parcel at Tanah Merah Kechil Link, slated for residential with commercial use on the first storey, is now up for sale by public tender.
CapitaLand gets S$500m sustainability-linked loan; Ascott to redesign serviced residences
by Vivienne Tay on May 28, 2020 at 1:00 am
CAPITALAND has obtained a four-year S$500 million sustainability-linked loan from United Overseas Bank (UOB), the group said in a regulatory update on Thursday.
Sharing of rent liabilities will hit office, industrial Reits more
by Lee Meixian on May 27, 2020 at 9:50 pm
THE government's mandate for landlords to help small- and medium-sized enterprise (SME) tenants out with rentals is a "slight negative" for retail Reits, most analysts say. This is because most landlords have already dished out a month or more in rental relief to tenants.
A greater need for real estate agility
by Manish Kashyap on May 27, 2020 at 9:50 pm
IT IS not hyperbolic to say that Covid-19 has significantly transformed the way we work. The short-term impact has already been noticeable, and the long-term effects are likely to have an enduring impact on the office landscape.
M&C to axe 8% of global team; management salaries cut by up to 30%
by Vivien Shiao on May 27, 2020 at 12:01 pm
MILLENNIUM & Copthorne (M&C) Hotels has reduced its global headcount by 8 per cent and furloughed another 30 per cent of staff in its owned-and-managed hotel portfolio, as the Covid-19 pandemic and governmental restriction measures introduced across most jurisdictions have hit its business.
PropertyGuru launches new feature allowing 360-degree walk-through of units
by Rachel Mui on May 27, 2020 at 5:48 am
SOUTH-EAST Asian real estate portal PropertyGuru on Wednesday said it has launched a new digital feature allowing a 360-degree walk-through of a project, its units and the surrounding cityscape.
Warburg Pincus to own 48.7% of ARA
by Ng Ren Jye on May 26, 2020 at 9:50 pm
US PRIVATE equity firm Warburg Pincus is set to own nearly half of ARA Asset Management, following the impending exit of AVIC Trust as a shareholder in the real estate fund manager.
Fortitude Budget: SME tenants get cash grant to offset rents
by Fiona Lam on May 26, 2020 at 8:14 am
THE Singapore government will provide a new cash grant to offset more of the rental costs of small and medium-sized enterprises (SMEs), to be disbursed through property owners.
Eagle Hospitality Trust's sponsor directors confirm resignations on May 26
by Ng Ren Jye on May 26, 2020 at 6:13 am
HOWARD Wu and Taylor Woods on Tuesday stepped down from the boards of Eagle Hospitality Trust's (EHT) managers.
Warburg Pincus mops up bulk of ARA shares held by Chinese trust
by Ng Ren Jye on May 26, 2020 at 12:48 am
US private equity firm Warburg Pincus is set to own nearly half of ARA Asset Management, following the impending exit of AVIC Trust as a shareholder in the real estate fund manager.