HOCK LOCK SIEW

An implicit message in buyer's stamp duty hike

THE surprise hike in the top marginal rate of buyer's stamp duty (BSD) has been touted by officialdom and market watchers as a move towards a more progressive tax system, by placing a heavier burden on the wealthier...
HOT STOCKS

Developer stocks in knee-jerk reaction to change in buyer's stamp duty

DEVELOPER stocks took a hit on Tuesday in knee-jerk reaction to news that the government is raising stamp duties on home purchases costing more than S$1 million.
TAXES: SHIFTING GEARS

Singapore Budget 2018: Reit ETFs to enjoy tax transparency

TAX transparency treatment for Singapore-listed real estate investment trusts (S-Reits) will soon be extended to exchange traded funds (ETFs) invested in these Reits - a long-awaited move cheered by market watchers.

Ascendas-Singbridge wins tender for 'mixed-use exec centre'

ASCENDAS-SINGBRIDGE has won the tender from JTC to build a mixed-use executive centre (MEC) in one-north, beating four other contenders.

Hoi Hup Sunway snaps up Brookvale Park for S$530m

BROOKVALE Park, a 160-unit development at Sunset Way, has been sold to Hoi Hup Sunway, a joint venture between Hoi Hup Realty and Sunway Developments, for S$530 million.

Brookvale Park sold to Hoi Hup Sunway for S$530 million in collective sale

BROOKVALE Park, a 160-unit development at Sunset Way, has been sold to Hoi Hup Sunway, a joint venture between Hoi Hup Realty and Sunway Developments for S$530 million.

CapitaLand eyes AUM of S$100b by 2020 and S$3b in capital recycling each year

CAPITALAND is aiming to grow its total assets under management (AUM) from S$88.8 billion as of end-2017 to S$100 billion by 2020, even as it announced a 20 per cent increase in core dividends for fiscal 2017 to 12 Singapore cents a share.

CapitaLand acquires historic Pearl Bank in S$728m collective sale

CAPITALAND has snagged the iconic Pearl Bank Apartments in a collective sale for SS$728 million, and plans to redevelop the site into an 800-unit condominium project.

OUE Lippo Healthcare still in the red for Q4 and fiscal 2017

OUE Lippo Healthcare Limited (OUELH) remained in the red for the fourth quarter ended Dec 31, 2017 and the full year, as it continued to incur other operating losses.

Pacific Star Development's Q4 net profit up 28%

PACIFIC Star Development's net profit rose 28.6 per cent to S$3.88 million in the fourth quarter ended Dec 31, 2017...

Anwell Technologies to be wound up, no further extensions for judicial management

THE judicial managers of Anwell Technologies announced that there will not be any further extension of the judicial management order as they have exhausted all means to try to achieve the objectives set out.

Baker Technology secures time charter contract

BAKER Technology Limited has secured a time charter contract for its liftboat, the Blue Titanium.

Sapphire says growth prospects of core business intact

SAPPHIRE Corporation's newly appointed CEO said that growth prospects of the group's core business remain unaffected by the termination of a proposed transaction that would have ushered in a new substantial shareholder...

Cordlife posts third straight quarter of profit

CORDLIFE Group reported a third consecutive quarterly net profit as its stem cell banking business continues to make inroads in its key markets.

Metro reports sevenfold jump in Q3 net profit

METRO Holdings reported on Monday a sevenfold increase in net profit for the third quarter ended Dec 31, 2017 to S$146.61 million from S$20.49 million a year ago.

Frasers Property, parent to acquire more shares in Ticon

A JOINT venture between Frasers Property and its parent TCC Group has agreed to acquire 26.1 per cent interest in Ticon Industrial Connection Public Company for 8.57 billion baht (S$359 million) or 17.90 Thai baht per share.
REAL ESTATE INDUSTRY TRANSFORMATION MAP

Plans afoot to help firms raise skills and embrace innovation

IN the government's push to future-proof the real estate sector, it has identified property transaction services and facilities management (FM) as the two sub-sectors with immense potential to transform...
REAL ESTATE INDUSTRY TRANSFORMATION MAP

39 JTC properties to get smart facilities management systems

JTC is spending about S$15 million in its roll-out of "smart" facilities management (FM) solutions across 39 of its 106 JTC properties in the first half of this year...

JTC rolls out S$15m 'smart' facilities management solutions across 39 properties

JTC is spending about S$15 million in its roll-out of "smart" facilities management (FM) solutions across 39 JTC properties...

Real estate ITM identifies property transactions services, facilities management for transformation

IN a bid to future-proof the real estate sector, the government is rolling out a series of initiatives focused on facilities management (FM) and property transaction services.
SINGAPORE BUDGET 2018

Singapore Budget 2018 not expected to target property upswing

WITH the real estate upturn, calls for the government to lift property cooling measures have tailed-off noticeably.
SINGAPORE BUDGET 2018

Tax experts on how to burnish Singapore's status as Reit listing hub

TAX experts, in the run-up to Budget 2018, have tossed up a number of proposals to enhance the real estate investment trust (Reit) sector in Singapore. These include introducing tax transparency for exchange-traded funds (ETFs) tracking Reits and for wholly-owned subsidiaries of Reits.

Manulife US Reit aims to double AUM in 2 years

MANULIFE US Reit is looking to double its assets under management (AUM) to US$2.6 billion in the next two years.
PARLIAMENT

Safeguards already in place against en bloc sale of newer projects

THE en bloc fever got an airing in Parliament on Tuesday, with a member of parliament (MP) asking whether the government should consider setting a minimum age for developments seeking to go for a collective sale.
PARLIAMENT

Developers paid S$380m in ABSD, QC extension charges

DEVELOPERS have paid a total of S$380 million in fees and charges to the government for not being able to sell all residential units in their projects within stipulated deadlines.