CapitaLand

Funan office component said to hit 98% pre-leasing commitment at TOP
SINGAPORE (May 8): The manager of CapitaLand Mall Trust (CMT) and CapitaLand say the twin office blocks of Funan have secured a total pre-leasing commitment of 210,000 sq ft or 98% of its total office net lettable area (NLA) at the point of securing TOP in April. Formerly known as Funan DigitaLife Mall, Funan is owned by CMT and managed by CapitaLand. It is due to reopen in mid-2019 as an ...
CapitaLand kept at 'buy' by OCBC on backend-loaded year for China sales
SINGAPORE (May 3): OCBC Investment Research is maintaining its “buy” call on CapitaLand even though 1Q19 results missed OCBC and the street’s expectations. In 1Q19, CapitaLand handed over 328 residential units in China with a total value of RMB1.2 billion ($243 million), down 37.6% y-o-y. Looking ahead, 60% of the 7,800 units sold previously worth RMB17.2 billion are expected to be ...
Ascendas Hospitality Trust rejigs portfolio to weather Aussie downdraft
SINGAPORE (Apr 29): Now that the shareholders have approved CapitaLand’s proposed merger with Ascendas-Singbridge, attention may turn to synergies and overlaps in the two companies. In particular, ASB’s hospitality arm, Ascendas Hospitality Trust (AHT), is likely to come under the microscope. The clear overlap in the merged company is ASB’s hospitality business and CapitaLand’s lodging ...
CapitaLand divests StorHub self-storage business for $185 mil
SINGAPORE (Apr 23): As part of its asset recycling strategy, CapitaLand is divesting its stake in the group of companies that own and manage the group’s self-storage business StorHub to an unrelated third party. The transaction is based on an agreed value of $185 million for StorHub’s portfolio of properties. StorHub is one of Singapore’s largest self-storage networks, with a presence ...
CapitaLand dips its toes into new asset classes such as Jewel and multifamily housing as ASB merger is approved
SINGAPORE (Apr 22): Jewel Changi Airport — Singapore’s newest integrated development by CapitaLand and Changi Airport — is quite the talk of the town with its waterfall, jungle, shops, eateries and a YOTELAIR. It houses more than 2,000 trees and palms and over 100,000 shrubs. These plants comprise about 120 species and originate from countries such as Australia, China, Malaysia, Spain, ...
Ascott wins contracts to manage 14 new properties including three under lyf
SINGAPORE (Apr 9): The Ascott Limited, CapitaLand’s lodging business unit, has won contracts to manage 14 properties with over 2,000 units in China, Germany, India, Indonesia, Japan, Malaysia, Thailand and Saudi Arabia. The 14 new properties included Ascott’s first foray into Changchun, the second largest city in Northeast China, as well as Germany’s first Ascott The Residence with the ...
Why CapitaLand's purchase of Ascendas-Singbridge isn't fair to minorities, and what can be done about it
SINGAPORE (April 8): CapitaLand has made a convincing case for why its proposed acquisition of the Ascendas-Singbridge group from Temasek Holdings is in its long-term interest. But it hasn’t demonstrated that its minority investors are being treated fairly in the transaction. Temasek quite obviously benefits at their expense. CapitaLand has proposed to acquire Ascendas-Singbridge for almost ...
It's all work, all play in Singapore if urban plan gets go ahead
(Apr 5): Living where you work and play may not seem like the ideal balance in terms of escaping the grind, but it’s a key plank of Singapore’s vision for its central business district. Like many cities’ financial centres, Singapore’s is bustling by day and close to deserted during a weekend. The government hopes to change that and laid out details of how it aims to go about it in an ...
OCBC stays 'neutral' on residential sector as prime district homes lead price dip
SINGAPORE (Apr 2): Prices of non-landed residential property in Singapore’s prime district, or Core Central Region (CCR), fell 2.9% q-o-q in 1Q19 – dragging the private residential property price index (PPI) down for a second consecutive quarter. “This weakness does not come as a surprise to us, given that the CCR was most likely to be adversely impacted by the set of property cooling ...
Singapore offers buffet of attractive yield plays amid the easing policy environment, says UOB
SINGAPORE (April 1): UOB Kay Hian is recommending a wide variety of yield plays offered by Singapore ranging from aviation and banks, to developers and REITs as central banks around the world continue to ease their monetary policies.    In a particular, the research house is expecting dovish dispositions at both the Federal Reserve (Fed) and the European Central Bank (ECB) to ...