CAPITALAND on Monday said that it and other shareholders have, through a series of transactions, divested an aggregate 40 per cent equity stake in Guangzhou Kai Ke Xing Mao Real Estate Development (GKK) to an unrelated purchaser for RMB395.7 million (S$78.6 million).
MIXED-USE development Victory Point has been relaunched for sale via public tender at a guide price of S$13.5 million by joint marketing agents JLL and Brilliance Capital.
MANULIFE US Real Estate Investment Trust's (Manulife US Reit) distribution per unit (DPU) rose by 0.3 per cent to 3.05 US cents for its first half of the year ended June 30, 2020, from 3.04 cents a year ago.
MAINBOARD-LISTED Thakral Corporation has acquired 13.4 hectares of land in New South Wales, Australia, through its GemLife joint venture for an undisclosed sum.
MARKET weakness and uncertainty have driven down the fair value of Sabana Reit's investment properties, the manager said, after a regulatory query over the S$54.7 million decline in value reported in its half-year results.
EARLY on in the pandemic, reports of the death of the office appeared greatly exaggerated. But as Covid-19 lingers and second infection spikes dot the global map, something is changing in how employees and employers view the workplace: It is being seen as an option rather than a necessity for many white-collar workers.
ADJOINING condominiums Fairhaven and Sophia Ville at Sophia Road will be launched for collective sale by tender on Aug 3 with a combined indicative price of S$64 million.
FAR East Hospitality Trust's (Far East H-Trust) distribution per stapled security (DPS) fell by 43.4 per cent to 1.03 Singapore cents for its first half ended June 30, 2020, from 1.82 cents a year ago.
CAPITALAND Retail China Trust (CRCT) is assessing its tenant mix amid the Covid-19 pandemic and may "take the hard decision" to phase out tenants if their business formats are not viable, said Tan Tze Wooi, chief executive of the real estate investment trust (Reit)'s manager.
AW & Sons Capital, a low-profile boutique developer and family office, has bought 10 contiguous freehold shophouses along Teck Chye Terrace, just off Upper Serangoon Road, for S$39 million.
THE launch of Forett At Bukit Timah will amp up competition in District 21, delivering more options for buyers in the area.
LIAN Beng on Wednesday posted a 12.8 per cent drop in net profit to S$28.7 million in its FY20 ended May 31.
PROPERTY developer and investment company Hongkong Land on Wednesday announced that it made a net loss of US$1.8 billion in its first half ended June 30, compared to a net profit of US$411 million a year ago.
TWO property companies - OUE and Fragrance Group - have flagged guidance of losses made in the first six months of this year.
CONSULTING firms Surbana Jurong and Nippon Koei have partnered to deliver sustainable and resilient solutions to urban and infrastructure development projects worldwide.