Singapore Property News
The resilience of Hong Kong's property market
by Joseph Tern on November 17, 2019 at 9:50 pm
OVER the last five months, the escalating violence of protesters in Hong Kong has captivated the world.
Carving out bigger roles for malls
by Angelia Phua on November 17, 2019 at 9:50 pm
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.
Yanlord's UE takeover offer turns unconditional
by Sharanya Pillai on November 17, 2019 at 9:50 pm
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.
Fragrance Q3 revenue sinks but profit soars on fair value gain
by Fiona Lam on November 15, 2019 at 9:50 pm
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.
Frasers Property full-year earnings fall 25%
by Siow Li Sen on November 15, 2019 at 9:50 pm
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.
Sponsor says it has strict rules in managing conflicts of interest at Sabana Reit, ESR Reit
by Vivienne Tay on November 15, 2019 at 9:50 pm
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.
OUE Q3 profit surges to S$124.1m on non-cash gain from merging of Reits
by Ng Ren Jye on November 15, 2019 at 9:50 pm
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).
Changing tides of foreign buying
by Kalpana Rashiwala on November 15, 2019 at 9:50 pm
IN RECENT months, foreigners' purchases of luxury condo units in Singapore, including penthouses, have made headlines in an otherwise subdued market.
New top-tier condos see better sales this year
by Nisha Ramchandani on November 15, 2019 at 9:50 pm
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.
Singapore's October private home sales fall 27% on month to 928 units; fewer units launched
by Nisha Ramchandani on November 15, 2019 at 5:18 am
DEVELOPERS in Singapore sold 928 private homes in October, down 27 per cent from the 1,270 units moved in September.