Keppel trust manager responds to report of underwater cable sale

THE manager of Keppel Infrastructure Trust (KIT) on Monday responded to a report in The Australian claiming that the trust's underwater cable linking Tasmania's hydro power-dependent grid to the mainland is up for sale. This is owned by KIT's wholly-owned subsidiary, Basslink...

URA unveils plans for 19,000 homes in 3 residential precincts

THE Urban Redevelopment Authority (URA) on Monday unveiled its proposed plans for some 19,000 units in three upcoming neighbourhoods: Kampong Bugis, Holland Plain and Bayshore.

Keppel Infrastructure Trust responds to report on cable sale; posts dip in Q3 profit

THE manager of Keppel Infrastructure Trust (KIT) on Monday responded to an article in The Australian claiming that the trust's underwater cable linking Tasmania's hydro power-dependent grid to the mainland is up for sale. This is owned by KIT's wholly-owned subsidiary, Basslink...

Banyan Tree marks homecoming with resort in Mandai

SINGAPORE hospitality group Banyan Tree Holdings will open its first Singapore resort on a 4.6-hectare site near the Singapore Zoo in Mandai by 2023.

Two mixed-use developments up for en bloc sale

THE en bloc train steams ahead with another two projects jumping on the collective sale bandwagon on Tuesday. The mixed-use developments - Jalan Besar Plaza and Tai Wah Building off Orchard Road - both sit on freehold land and are asking for S$390 million and S$81 million respectively.

Ivory Heights preparing for collective sale for S$1.34 billion

IVORY Heights, a privatised HUDC estate at Jurong East, will be joining the enbloc sales bandwagon, after more than 80 per cent of its owners present at the second extraordinary general meeting last week voted in support of the sale proceeds apportionment method and collective sale agreement.

Owners of Tai Wah Building along Killiney Road seek S$81m bid

OWNERS of Tai Wah Building have put up the mixed-use property for collective sale by a public tender.

Second-liner property stocks now in play

SMALLER property developers and even some construction players have been the biggest beneficiaries on the stock market following Monday's official estimates suggesting that the property market is finally turning around after four years...

CDL, Hong Leong unit bag Amber Park with 'aggressive' S$906m bid

AMBER PARK, a 200-unit development at Katong, has been sold via a collective sale to a joint venture between a City Developments (CDL) subsidiary and Hong Realty, the private real estate arm of Hong Leong Group.

First price rise in four years backs talk of property rebound

THIRD-QUARTER flash estimates for private home prices have showed the first uptick after four years - 15 straight quarters - of decline.

Private home prices end almost 4 years of decline: URA flash estimates

Gain of 0.5% in Q3 validates analysts' expectations...

FLASH: Private home prices up for the first time after 15 quarters of decline: URA

THE private residential property index increased 0.5 per cent in the third quarter of 2017, compared to the previous quarter which experienced a 0.1 per cent drop. Story to follow.

The property market - is it a-turnin'?

FLASH estimates released on Monday for Singapore's private housing sector could show the first increase after 15 quarters of decline. This is what most analysts are expecting - although the view has its dissenters as well...

Drive to boost infrastructure talent with mid-career PMETs

INTERNATIONAL Enterprise (IE) Singapore is launching a new programme to match and train mid-career professionals for the infrastructure sector.

ICB Shopping Centre headed for en bloc launch at S$65-70m

THE owners of ICB Shopping Centre, a mixed-use development in Yio Chu Kang Road, last Friday gave their consent for a collective sale.

Ascendas Reit completes A$83.8m acquisition

ASCENDAS Reit has completed the A$83.8 million (S$90.3 million) acquisition of a CBD fringe office property in Australia.

Ascendas Reit buys 100 Wickham Street in Queensland, Australia, for A$83.8m

ASCENDAS Real Estate Investment Trust (A-Reit) has completed the acquisition of a CBD fringe office property at 100 Wickham Street, Fortitude Valley, in Queensland, Australia, for A$83.8 million (S$90.3 million) from 100W Pty Ltd.

Olam sells farmland assets to American firm for US$110m

OLAM International said on Friday it has sold 5,100 acres (2,060 hectares) of its farmland assets to Farmland Partners Inc (FPI), a listed US farmland real estate investment trust, for US$110 million in cash. Olam has also entered into a revenue-sharing model with FPI for its edible nuts orchards...

Perennial CEO 'not disappointed' offer for UEL did not go through

PERENNIAL Real Estate Holdings chief executive Pua Seck Guan said he is "not disappointed" that the Yanlord-Perennial consortium's offer for United Engineers (UEL) did not go through, as it was never its intent to gain full ownership of the target company to begin with...

EMS granted time extension to submit proposal for trading resumption

EMS Energy on Friday said that its sponsor has applied to the Singapore Exchange for a time extension to submit its proposal to resume trading, on the grounds that it needs more time to implement various schemes of arrangement among its subsidiaries.

Hatten Land to raise US$20 million in convertible loan

HATTEN Land on Friday said it has entered into a convertible loan agreement with Haitong International Financial Products (Singapore) and Tan June Teng Colin, under which Haitong has agreed to extend a convertible loan of US$20 million.

Spring Grove eyes billion-dollar en bloc deal

SPRING GROVE condominium along Grange Road is going back on the market, three years after its first collective-sale bid failed, a Straits Times report said. Its owners are hopeful for a bid of at least S$1 billion, after having asked for S$1.39 billion in 2014, a sale committee representative told...

Shanghai Turbo regains control of factory premises after 5-month impasse

PRECISION engineering group Shanghai Turbo Enterprises on Thursday updated that after the assault incident on a group of people - including its director Raymond Lim and CEO of subsidiary Changzhou 3D Technological Complete Set Equipment Zhang Rong - on Wednesday morning, the local government and...

Del Monte unit to sell vegetable business to McCall Farms for US$55 million

DEL Monte Pacific on Thursday said that its US subsidiary, Del Monte Foods (DMF), has agreed to sell its Sager Creek vegetable business to McCall Farms - a family-owned business that manufactures brands such as Bruce's Yams, Margaret Holmes and Glory Foods - for US$55 million...

Sino Grandness adds vending machines to collaboration with Wechat Food

SINO Grandness Food Industry Group on Thursday announced a new distribution network called "Wu lian wang yun ping tai", which translates to "cloud platform for online products" - the result of an agreement signed with Wechat Food to distribute the group's own-branded Garden...