The Business Times
Ry-Anne Lim

Ry-Anne Lim

JOURNALIST

Ry-Anne Lim is a reporter with The Business Times covering housing and property-related matters. She previously worked on the flip side, doing government communications. Ry-Anne is a graduate of the Nanyang Technological University’s Wee Kim Wee School of Communication and Information.

emaillimmin@sph.com.sg
email@RyLimBT
A couple sued ERA, one of its agents and a law firm S$731,212 over a 99-to-1 transaction at One Pearl Bank (pictured) in December 2022.

Couple sues ERA, agent and law firm for S$731,212 over alleged misrepresentation in ‘99-1’ property deal

Claimants seeking to recover additional tax and surcharge imposed for illegal stamp duty avoidance on their condominium purchase 

The 99-year leasehold Pek Chuan Building is on the market for S$80 million or S$1,114 per square foot per plot ratio.

Pek Chuan Building back on the market at same guide price of S$80 million

This is owners’ second attempt to sell the four-storey commercial building

AEM has raised S$12 million in a private placement to ASE Technology, as part of its new partnership to develop test solutions for artificial intelligence and high-performance computing markets.

AEM partners ASE Technology for AI, high-performance computing chip testing

AEM will also raise S$12 million through a private placement for its Taiwan expansion, integration into ASE’s operations

An artist impression of Rivelle Tampines, which sold over 90 per cent of units at an average of S$1,893 per square foot at launch.

Rivelle Tampines EC sells over 90% of units at average price of S$1,893 psf at launch

Demand comes from a mix of buyers, including a ‘notable proportion’ of young professionals and public housing upgraders

The court ruled that banks cannot intervene in winding-up applications brought by companies, which are linked to the 1Malaysia Development Bhd scandal, liquidating in Singapore.

Banks cannot intervene in winding-up bids by 1MDB-linked firms: Singapore High Court

They are ruled to have no standing to participate in the process, even though claims may later be brought against them

Hongkong Land said acquiring a stake in Suntec Reit will help the group deploy recycled capital into prime, income-producing commercial assets in Singapore.

Hongkong Land acquires 10.8% stake in Suntec Reit for S$541 million

It says the move aligns with its ‘positive outlook and conviction in Singapore’s prime commercial property market’

Hotel Properties has priced S$150 million in perpetual securities at a rate of 4.38 per cent, first callable in March 2031.

Hotel Properties prices $150 million perpetual securities at 4.38%

Net proceeds will be used to refinance existing borrowings and fund working capital requirements

Lenders have required MUST to keep half-yearly payouts on hold until it meets reinstatement conditions and until relief measures tied to its interest coverage ratio lapse. 

Manulife US Reit H2 distributable income down 31% at US$10.6 million

No distribution has been declared, in line with its recapitalisation plans and master restructuring agreement

The redemptions come on the bonds' scheduled call date, five years after their issuance in 2021. 

Temasek-linked Astrea VI private equity bonds fully redeemed with bonus paid

The bonus redemption premium is 0.5% of the principal

Wing Tai Holdings has acquired a freehold land parcel in Kuala Lumpur for RM45 million.

Wing Tai unit buys freehold land in Kuala Lumpur for RM45 million

Following its acquisition, the parcel will be developed into a residential project

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