Oxley-led consortium acquires Serangoon Ville for S$499m in collective sale

A CONSORTIUM led by Oxley Holdings has acquired Serangoon Ville for S$499 million in a collective sale.

The Ascott snags 80% stake in US corporate housing player

MARKING its first foray into corporate housing and entry into the US West Coast, The Ascott Ltd is paying US$33.7 million for 80 per cent of Synergy Global Housing, which operates a large portfolio of leased properties.

Hundred Palms EC sells out in a day; over 80 units sold at Martin Modern

THE sell-out of executive condominium (EC) project Hundred Palms Residences in a single day and a credible showing at high-end project Martin Modern have become the latest indications of an earlier than expected property uptrend.

Sabana Reit drops plan to acquire property at 72 Eunos Avenue 7

SABANA Shari'ah Compliant Reit (Sabana Reit) said it has dropped its plan to acquire a property located at 72 Eunos Avenue 7 after the agreement to do so lapsed...

One-time charge at CSE likely to drag group into the red for Q2

CSE Global said it is expected to recognise a one-time exceptional charge of US$12 million.

Sarine Tech discovered attempted theft of its intellectual property; 2 suspects arrested

SARINE Technology said it has discovered attempted theft of its intellectual property and two suspects of Indian nationality have been arrested in Tel Aviv on suspicion of doing so.

The future of work

MASHIZAN Masjum designs beautiful women's shoes in iridescent patent leathers and stamped suedes. The shoes, made in Florence, sell for S$450 to S$980 under his namesake brand Mashizan...

CMT's distribution per unit up 0.4% for Q2

CAPITALAND Mall Trust (CMT) reported a 0.4 per cent rise in distribution per unit for the second quarter ended June 30 to 2.75 cents, notwithstanding a challenging retail landscape and the closure of Funan for redevelopment.

Keppel Corp Q2 earnings fall 22%

WITH a quick recovery in the offshore and marine (O&M) sector not in sight, Keppel Corporation is scouring for "new toplines" under a multi-business strategy to make up for the sector's prolonged slump after reporting a 22 per cent drop in group net profit to S$160.28 million for...
SPOTLIGHT

Thriving in the disruptive age

Workspace firm JustCo merging with China's naked Hub

HOMEGROWN co-working space operator JustCo is merging with China's naked Hub in a move that is expected to result in the largest co-working operator in Asia...

HLH to sell D'Kranji Farm Resort after receiving offer

HLH Group has agreed to dispose of the D'Kranji Farm Resort...

Perennial, Yanlord-led consortium buys UEL stake, triggering takeover

A CONSORTIUM led by Perennial Real Estate Holdings and Yanlord Land Group has acquired a 33.5 per cent stake in United Engineers Limited (UEL) at S$2.60 per share and an initial 10 per cent stake in WBL Corporation for S$2.07 per share.

Yanlord-led consortium takes 33.5% stake in United Engineers, triggering takeover (Amended)

A CONSORTIUM led by Yanlord Land Group and Perennial Real Estate has acquired a 33.5 per cent stake in United Engineers Limited (UEL) at S$2.60 per share and a 10 per cent stake in WBL Corporation for S$2.07 per share from OCBC Bank, Great Eastern Holdings and other vendors for S$729.7 million.

JV by Japan's top shipping lines takes 50,000 sq ft at Marina One

OCEAN Network Express, the new joint venture of Japan's "Big Three" shipping lines, is said to be taking up some 50,000 sq ft of office space at Marina One...

Oxley to acquire residential property in Pasir Panjang for S$121m

OXLEY Holdings is buying a freehold property in the southern part of Singapore for S$121 million.

CWG acquires 70% stake in Chinese landowner for 107.7m yuan

CWG International said on Tuesday its wholly owned subsidiary, Suzhou Chiway Real Estate Co, has acquired 70 per cent of equity interest in Xuancheng Xinkaiyuan Real Estate Development Co from Huzhou Yihua Textile Co and Huzhou Yifa Textile Products Co for 107.73 million yuan (S$21.9 million).

Non-landed private residential resale prices up 0.9% in June: SRX Property

NON-LANDED private residential resale prices rose 0.9 per cent in June from May, continuing their gradual recovery since October, flash estimates from SRX Property shows.

Yanlord Land acquires Zhuhai property company for 600m yuan

YANLORD Land Group is acquiring Greens Investments, which owns property development and management entities in Zhuhai, China, for 600 million yuan (S$122.2 million). The acquisition was undertaken through Yanlord's wholly owned subsidiary, Yanlord Land...

CapitaLand revving up expansion plans

CAPITALAND Limited is set for more active land-banking and acquisitions as part of its expansion plans following the opening of four integrated projects in China in April, including three Raffles City projects.

CapitaLand seeks more active land-banking in China

PLANS are afoot for more active and aggressive land-banking at CapitaLand, after the opening of four integrated projects in China in April, including three Raffles City projects.

UBS to set up private fund to invest in hotel assets in Japan

UBS Asset Management's Real Estate & Private Markets (REPM) business is planning to set up a private fund to invest in hotel assets in Japan, targeting to raise capital in the range of US$500 million. It is also keen to partner with developers to build high-end manufacturing facilities in...

Prices of completed private units up 0.4% in May: NUS index

PRICES of completed private apartments and condominiums edged up 0.4 per cent in May, reversing a revised 0.8 per cent drop in April.
HOCK LOCK SIEW

More upside in store for UOL and UIC

THERE'S more than one way to skin a cat, and seasoned businessman and veteran banker Wee Cho Yaw clearly knows that - going by his latest effort towards his long-time goal of unlocking value in United Industrial Corporation (UIC)...

HNA Commercial Reit's IPO issue size estimated at S$775m

THE upcoming listing of HNA Commercial Reit is expected to have an issue size of around S$775 million, of which Chinese conglomerate HNA Group's Shenzhen-listed associate plans to take up no less than 35 per cent stake to become its largest shareholder...