Real Estate Daily News
22nd January 2019
Singapore Real Estate
Elizabeth Towers up for en bloc sale again at reserve price of S$610m
Lizabeth Towers, a freehold high-rise residential redevelopment site off Orchard Road, has been relaunched for sale by tender by marketing agent Knight Frank Singapore. The owners have set a reserve price of S$610 million, unchanged from their asking price in the earlier collective sale bid last year.
Freehold property off Serangoon Road up for sale at S$8.5m
A new freehold, five-storey mixed development off Serangoon Road is up for sale at a guide price of S$8.5 million. The property, which comprises residential and commercial space, sits on a site area of about 1,791 square feet. The total gross floor area is 6,068 sq ft, inclusive of bonus gross floot area of 446 sq ft.
SMEs need help in enterprise and tech road-mapping: SBF
The Singapore Business Federation wants the government to help small and medium enterprises to grow their revenues and maintain market share via enterprise and technology road-mapping. The apex business body's SME Committee said in its wishlist for this year's government budget that enterprise and technology road-mapping will help SMEs to adopt new technology and develop strategies to meet the two business goals which, according to a SBF survey, are SMEs' top priorities in the next 12 months.
Singapore tops Asia-Pacific in talent competitiveness
For the sixth straight year, Singapore ranked first in the Asia-Pacific and second worldwide for attracting and developing talent, in the annual Global Talent Competitiveness Index released on Monday. Second only to Switzerland, Singapore was the only Asia-Pacific country in the top 10 and the only non-European county besides the United States, which came in third.
Poll: Singaporeans expect overall consumer prices to stay flat
Singaporeans do not expect overall consumer prices to budge much in the next 12 months, but think that core inflation - which excludes housing and private transport costs - could still inch up. People here figured that inflation would hit 2.85 per cent in the year ahead, the quarterly DBS-SMU Singapore Index of Inflation Expectations poll found last month. This was the third straight quarterly drop and a dip from the 2.88 per cent pinged by the previous survey three months prior.
Big deals bump Ascott portfolio to over 100,000 units globally
CapitaLand’s serviced residence arm, The Ascott, has secured contracts for 26 properties with over 4,600 units across 11 countries, the group announced on Monday morning. Of these properties, half will be established in China from 2019 to 2023, and one is slated to open in Singapore this year.
Keppel Reit's Q4 DPU slides 4.9%
Keppel Reit's distribution per unit (DPU) for the fourth quarter ended Dec 31, 2018, fell 4.9 per cent to 1.36 Singapore cents as it saw lower property income from Ocean Financial Centre and two of its properties in Australia. This was offset partly by higher property income from Bugis Junction Towers.
Mapletree Logistics Trust's DPU rises 5%
Mapletree Logistics Trust's distribution per unit (DPU) was up 5 per cent year on year at two Singapore cents for the third quarter ended Dec 31, 2018, compared to 1.9 Singapore cents in the year-ago period. Income distributable to unitholders for the quarter was S$71.9 million, up 23.3 per cent from S$58.3 million in the year-ago period, according to results out on Monday evening.
Soilbuild Reit's Q4 DPU at 1.45 cents
Soilbuild Business Space Reit (Soilbuild Reit)'s distribution per unit (DPU) for its fourth quarter rose to 1.45 cents from 1.38 cents, lifted by one-off liquidation proceeds received from Technics Offshore Engineering and higher contribution from Solaris as well as its recent Australia acquisitions.
Global Economy & Global Real Estate
Asean CEOs' business outlook dimmer than global peers'
China's growth rate dips to three-decade low in 2018
HK housing ranked world's least affordable for 9th year
UK retail property values may be slashed, Sunday Times says
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