Chong Xin Wei

Manager expects borrowing costs to rise in FY2027, asset valuations to face pressure as bond yields remain elevated

Its Q3 distributable income rises 30.3% to US$6 million

It is targeting the listing of its second China commercial Reit by end-2026

The mall sits on a site with a 99-year leasehold tenure that started in 1993, leaving about 66 years on its lease

It wants 25% to 33% of sales to come from abroad within five years

It has tendered for sites, aims to launch its first 100-plus-room facility within two years

The group is said to have begun appointing bankers and legal advisers for the listing

Manager looks to extract further value from its Singapore properties, with two VivoCity upgrades planned

The decline is offset by growth at VivoCity and lower finance expenses

For the nine-month period, the real estate investment trust’s NPI grows 10.4% on the year to S$965.4 million