Pacific Star Development unit is asset manager for startup Crowdvilla

A WHOLLY-OWNED unit of Catalist-listed developer Pacific Star Development (PSD) has become the exclusive asset manager for Crowdvilla, a startup expecting to raise up to US$50 million in a digital token sale to build a portfolio of shared holiday homes.

Asia-Pacific GDP could add US$387b by 2021 if manufacturing sector digitally transforms: Study

GROSS domestic product (GDP) in the Asia Pacific could potentially add another US$387 billion by 2021 and grow by an extra 1.0 per cent annually if the region's manufacturing sector embraces digital transformation - with China contributing almost 50 per cent...

Outlook sunny for private residential market after Q1, but all eyes on big supply pipeline

ANALYSTS continue to harbour bullish outlook on the private residential market, following a 3.9 per cent increase in prices in Q1, but are keeping an eye on the pace of launches that may come onstream, given the huge supply pipeline.

Private home rents on the mend, with some help from en bloc sellers

PRIVATE home rents are finally seeing green shoots and could continue to grow this year thanks to the collective sale frenzy.

Singapore private home prices rise 3.9%; steepest gain since Q2 2010

THE Urban Redevelopment Authority's (URA) overall home price index rose 3.9 per cent in the first quarter of 2018, handily beating flash estimates of 3.1 per cent. ...

Decline in industrial property prices, rents slows as sector activity rises

INDUSTRIAL property prices and rents could hit an inflection point this year as sector activity picks up and as new supply begins to gradually lessen in the coming years.

Industrial prices, rents 'relatively stable' in Q1: JTC

INDUSTRIAL prices and rentals remained relative and rentals to stabilise in tandem with occupancy rates" as new supply begins to taper in the coming years. ...

No malicious intent, financial impropriety: Trek 2000 CEO Henn Tan

TREK 2000 International's chairman and chief executive Henn Tan is denying financial impropriety, days after a forensic review found that he and current and former senior company officers could have potentially breached various Singapore laws against round-tripping, misappropriation, forgery...

Mapletree Greater China Commercial Trust Q4 DPU dips 2.8% to 1.904 Singapore cents

MAPLETREE Greater China Commercial Trust (MGCCT)'s distribution income in its fourth quarter ended March 31 dipped 1.7 per cent to S$53.8 million from the year-ago period...

SGX RegCo says it wants to facilitate 'open dialogue' between Noble and Goldilocks

IN A significant move, Singapore Exchange (SGX) wants to facilitate an "open dialogue" between beleaguered commodities trader Noble Group, senior creditors and its major shareholder Goldilocks Investment Company...

MCT Q4 DPU up 0.01 cent, full-year DPU at 9.04 cents

DISTRIBUTION per unit (DPU) for Mapletree Commercial Trust in its fourth quarter ended March 31 crept up to 2.27 Singapore cents from 2.26 Singapore cents. This will be paid on May 31, and books will close May 3.

Talkmed net profit falls 37.2% on lower patient visits

A FALL in patient visits continued to plague medical company Talkmed Group in its first quarter of 2018, whose boss and main revenue contributor was suspended last year but returned to practice in late March this year.

WeWork to open two Jakarta CBD locations by Q3

WEWORK will open two central Jakarta locations by the third quarter of this year, continuing the US-based co-working giant's ambitious expansion through Southeast Asia...

WeWork to open two Jakarta CBD locations by Q3

WEWORK will open two central Jakarta locations by the third quarter of this year, continuing the US-based co-working giant's ambitious expansion through Southeast Asia...

Mapletree Commercial Trust's 4Q DPU up 0.01 cent

DISTRIBUTION per unit (DPU) for office and retail owner Mapletree Commercial Trust in its fourth quarter ended March 31 crept up to 2.27 Singapore cents from 2.26 Singapore cents.

Sabana Reit's DPU constant at 0.88 Singapore cents

LOWER contributions from some of its properties, cushioned by reduced property expenses, dented results for landlord Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) in its first quarter ended March 31...

Two freehold sites going en bloc

PARK HOUSE in Orchard and St Michael's Condominium in Serangoon have joined the collective sale frenzy with guide prices of S$308 million and S$112 million respectively...

Ron Sim's R3 fund makes S$2m pre-IPO investment in mm2's Vividthree studio

SINGAPOREAN businessman Ron Sim's R3 Asian Gems fund is putting up S$2 million to become a pre-listing investor in mm2 Asia's virtual reality and visual effects studio...

Olina Lodge sold for S$230.9 million

THE hilltop Olina Lodge was sold on April 20 for S$230.9 million, 5 per cent higher than the reserve price of S$220 million, to Peak Opal, a related company of Kheng Leong.

St Michael's Condo to be launched for collective sale for at least S$112m

ST Michael's Condominium off Serangoon Road is launching on the market on Tuesday, said marketing agent Teakhwa Real Estate...

YuuZoo CFO resigns due to 'family emergency'

THE chief financial officer of YuuZoo Corporation, Kevin Haigeng Wang, has resigned due to a family emergency, according to a Singapore Exchange filing on the evening of April 23.

Sabana Reit Q1 gross revenue falls 4.4%; DPU unchanged at 0.88 Singapore cent

LOWER contributions from some of its properties, cushioned by reduced property expenses, dented results for landlord Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) in its first quarter...

Park House launched for en bloc sale for S$308m

PARK House in Orchard has joined the en bloc frenzy - it was put up for sale by tender for a guide price of S$308 million.
TOPLINE

Capital World aims to score with maiden project

AS the new kid on the block, Malaysian property developer Capital World must build out-of-the-box offerings to stand out among the big boys, its executive director and chief executive Siow Chien Fu believes.

Kampong Bugis master developer tender to be launched in 1 to 2 years

A TENDER for a master developer to redevelop Kampong Bugis near the Kallang River into a car-lite residential precinct will be called in the next one to two years, The Business Times understands.