The Business Times
business-time-50
THE LEVEL GROUND
·
SUBSCRIBERS

Property groups should sell low-yielding investment properties, go slow in raising debt 

Pursuing housing-development opportunities could work fine

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Mon, Aug 19, 2024 · 03:35 PM
    • While listed property groups can access debt funding, they should be careful with raising debt. Instead, they should actively explore selling low-yielding investment properties.
    • While listed property groups can access debt funding, they should be careful with raising debt. Instead, they should actively explore selling low-yielding investment properties. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    ACCESS to debt appears fine for Singapore-listed property groups. Frasers Property announced in July that it had secured a sustainability-linked loan amounting to around S$904 million, comprising an Australian dollar tranche and a US dollar tranche.

    In early June, GuocoLand issued S$180 million of three-year notes at a fixed interest rate of 4.05 per cent per annum.

    In July, Ho Bee Land issued S$160 million of five-year green notes at a fixed interest rate of 4.35 per cent per annum. An entity linked to the group’s executive chairman Chua Thian Poh bought a substantial chunk of the said notes.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Property developersProperty investmentgreen debtInterest ratesdebt capital marketsThe Level Ground

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    The fourth Amity Circle retreat was hosted by Temasek Foundation from Apr 8 to 10 in Hanoi.

    Middle East-linked energy supply shocks put Asean Power Grid back in focus

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    DPM Gan Kim Yong said the question is not whether shocks will occur in future, but whether Singapore's systems are able to absorb them, and continue to function.

    DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More