Chong Xin Wei

If passed, the trustee will consider all available options, including applying to the Singapore Court for directions

The new units will be listed on the Singapore Exchange from 9 am on Apr 23

It says the ‘certain indirect impact’ takes the forms of higher freight, insurance and fertiliser costs

The deal puts the development among Singapore’s largest residential en bloc sales since 2007

It is replenishing its order book with more than S$32 billion in pipeline deals over the next 24 months

Even as energy costs soar amid the Middle East war, real estate asset owners say the impact will be limited

New sponsor Tang Organization had said it will undertake a review to strengthen Reit’s portfolio performance, enhance capital efficiency

Developers expected to maintain more selective bidding approach as supply pipeline builds

Kenneth Goi, also redesignated as executive director of the company, assumes both roles on May 5

The net proceeds will be used to finance general working capital and corporate funding, and refinance existing borrowings