Daily Debrief: What Happened Today (Dec 1)

Stories you might have missed

Manulife US Reit proposes strategic pivot to retail, living, industrial sectors

[SINGAPORE] Manulife US Reit is seeking unitholder approval for a growth plan that simultaneously expands its investment mandate beyond the US office sector, and authorises a disposition and acquisition mandate.

Crypto players find safe haven in Vietnam’s dual-city IFC

[HO CHI MINH CITY] With perceived flexible regulations, foreign-friendly incentives, and fintech sandboxes, Vietnam’s International Financial Centre (IFC) is becoming a magnet for both global and local digital asset players seeking growth and compliance in one of Asia’s largest crypto markets.

UOBKH says buy these 5 blue-chip reits, predicts S-Reits poised for upturn

[SINGAPORE] UOB Kay Hian (UOBKH) analyst Jonathan Koh has kept an “overweight” rating on Singapore-listed real estate investment trusts (S-Reits) in his Thursday (Nov 27) report, following the release of their third quarter FY2025 results.

Some prime JB sites double in value as RTS fever grips Johor property

[JOHOR BAHRU] Johor’s property market may be bracing for a breakout year ahead of the Johor-Singapore Rapid Transit System (RTS) Link’s completion, with the cost of land around Johor Bahru station jumping from about RM700 (S$220) per square foot (psf) three years ago to between RM1,000 and RM1,500 psf today.

Low Keng Huat controlling shareholders launch delisting offer at S$0.72 a share

[SINGAPORE] The majority shareholders of Low Keng Huat (Singapore) (LKH) have launched a voluntary conditional general offer to take the mainboard-listed construction and property developer private at S$0.72 per share.

Indonesia exports slide 2.3% in October, trade surplus narrowed to US$2.4 billion

[JAKARTA] Indonesia’s exports contracted in October, undoing the robust gains of the previous month, amid weakening demand from China, the country’s biggest buyer, and slowing commodity shipments.