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CityDev CEO says it's a good time to buy commercial property

Published Wed, May 25, 2016 · 09:50 PM

Singapore

CITY Developments Ltd, Singapore's second-largest developer, may seek to buy offices this year as rising interest rates makes such assets cheaper worldwide.

"We are coming into a very good time for acquisitions," said Grant Kelley, chief executive officer of City Developments, in an interview in Singapore. "The long-term trend line for assets for the next 12-24 months could be deflationary because I believe as interest rates go up, fixed income will become more attractive and maybe liquidity will drain from real estate assets a little bit."

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Property

Property

CityDev CEO says it's a good time to buy commercial property

Property

URA prepares massive site in Sengkang to house new residential estate

Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million

JTC to sell hospitality project being built in Punggol Digital District

Without a game changer, Sentosa Cove condos will continue underperforming

Five-room resale flat in Bukit Merah goes for record S$1.59 million

China developer Fantasia proposes new restructuring terms, shares up

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