Sales of new homes moderate as yr-end holidays begin
THE festive Ong Teck Hui, national director of research and consultancy at JLL, said: "With the onset of the year-end holiday period and the market moving in favour of sellers, there is no hurry for developers to continue launching more units from their projects...
Property agents roped in to fight money laundering, terror funding
THE Council for Estate Agencies (CEA) has set out checklists to better guide real estate agencies and salespersons in carrying out their know-your-customer procedures to guard against cases of money laundering and financing of terrorism in big-ticket property transactions.
FCL, FCOT buy UK business park for £174.6m
FRASERS Centrepoint Limited (FCL) and the manager of Frasers Commercial Trust (FCOT) on Thursday said their subsidiaries have entered into a share purchase agreement to acquire on a 50-50 basis Farnborough Business Park (FBP) in the United Kingdom for £174.6 million (S$314.8 million).
Viva Industrial Trust says Kim Seng Holdings' right of first refusal has ceased
THE managers of Viva Industrial Trust (VIT) on Thursday said that Kim Seng Holdings (KSH) has ceased to be a shareholder of the managers and as a result, KSH's right of first refusal has ceased...
MAS requests access to documents from KTL Global over ongoing investigation
OIL and natural gas company KTL Global on Thursday said that it has received a notice from the Monetary Authority of Singapore (MAS) which states that an investigation is being conducted into an offence under the Securities and Futures Act.
UOB partners Shanghai home rental platform Mamahome
UNITED Overseas Bank (UOB) on Wednesday announced its partnership with Shanghai-based startup Mamahome, in the property technology
Another Cairnhill site joins en bloc fray
ANOTHER Cairnhill development is launching for en bloc tender in the prime district 9, barely two months after Cairnhill Mansions and an adjacent freehold site launched for collective sale in October for a combined price tag of S$477 million.
Condo resale prices continue to rise in November
RESALE prices of private condominiums in Singapore continued their climb, posting a 0.5 per cent increase in November from a month ago.
Cairnhill Heights in District 9 seeking more than S$80m in collective sale tender
DISTRICT 9's Cairnhill Heights, a freehold private residential site located at Cairnhill Rise, has obtained more than 90 per cent consensus from owners agreeing to a collective sale...
Woh Hup unit launches VC fund, invests in co-living startup
WOH Hup unit Aurum Investments has launched a double-digit multi-million venture capital fund, and invested US$1.5 million in seed funding in co-living startup Hmlet.
Infinio explains Monday's volume jump with exploration of fund-raising avenues
CATALIST-LISTED mineral oil and gas company Infinio Group on Monday night responded to a query from the Singapore Exchange regarding the "unusual volume movements" in its shares that day, saying that it has "continually been exploring various avenues for fund-raising from existing...
Heeton set for growth after QC pain
BOUTIQUE property developer Heeton Holdings is ready to move on with its growth strategy after clearing its overhang of unsold units at two projects - iLiv@Grange and The Lumos - which had cost it painful qualifying certificate (QC) penalties in the past couple of years.
IE Singapore chief to join Mapletree next year
THE chief executive officer of International Enterprise (IE) Singapore, Lee Ark Boon, is joining Mapletree Investments in a senior position that will have him stationed in China from January.
Recent dealmaking driving Allied Tech shares
ALLIED Technologies was the most active stock on Friday, with more than 135 million shares changing hands.
SPH Reit studying overseas markets such as Australia for future acquisitions
SPH Reit has been "aggressively and actively" looking at acquisition opportunities since two years ago. It has even looked at overseas markets such as Australia, but has yet to find any suitable assets to add to its portfolio...
Surbana Jurong lifts engineering expertise with Aussie buy
SURBANA Jurong has signed a deal to acquire Australian engineering firm Robert Bird Group (RBG) - its fifth major acquisition since 2015 as it sets its sights on becoming an end-to-end engineering consultancy by adding expertise it still lacks.
Noble to sell vessels for US$95m to further pare debt
A DAY after Iceberg Research issued another fresh attack on Noble Group, the commodity trader on Wednesday announced the proposed disposal of four wholly-owned Kamsarmax dry bulk carrier vessels, which it said was part of its debt reduction plans and strategic review announced in July 2017.
HDB to transfer industrial properties, land to JTC Corp on Jan 1
THE transfer of the Housing and Development Board's (HDB) industrial properties and land to JTC Corporation will take effect on Jan 1, 2018...
Salaries in Singapore likely to rise 3.9% next year: Mercer
SALARIES across industries in Singapore will likely rise by an overall 3.9 per cent next year, without taking into account inflation, human resource consultants Mercer said on Wednesday.
Allied Technologies discloses married deal involving 114m shares for S$7.1m
ALLIED Technologies on Wednesday submitted a filing notifying the Singapore Exchange that one Lin Tah Hwa had on Nov 28 accumulated an 8.44 per cent stake in the manufacturer of precision stamped metal parts, by buying up 114 million shares for S$7.068 million.
Singapore media content gets boost to go global, on digital platforms
THE Infocomm Media Development Authority (IMDA) will strengthen its partnerships with international broadcasters and networks like HBO Asia and Discovery Networks Asia-Pacific (DNAP); global content marketing company, Brand New Media (BNM); local video entertainment platform, Viddsee; and leading...
HDB to transfer industrial properties, land to JTC on Jan 1
THE transfer of the Housing and Development Board's (HDB) industrial properties and land to JTC will take effect on Jan 1, 2018. ...
Singapore shares rise at Wednesday's open; STI up 0.12% to 3,446.6
SINGAPORE stocks opened stronger on Wednesday, with the Straits Times Index rising 0.12 per cent or 4.25 points to 3,446.60 as at 9.04am after Wall Street stocks surged to fresh records overnight.
Stocks to watch: Noble, CapitaLand Retail China Trust, Yoma, SingHaiyi
THE following stocks made announcements that may affect their trading on Wednesday when the market opens.
Noble to sell four vessels for about US$95m to further pare debt
A DAY after Iceberg Research issued another fresh attack on Noble Group, the commodity trader on Wednesday announced the proposed disposal of four wholly owned Kamsarmax dry bulk carrier vessels, which it said was part of its debt reduction plans and strategic review announced in July 2017.