Keppel Land China fully divests Chengdu Hilltop Development for $250.4 mil - THE EDGE SINGAPORE


Keppel Land China fully divests Chengdu Hilltop Development for $250.4 mil

The divestment is expected to be completed in the first quarter of 2021.


Sapphire’s subsidiary and consortium partners wins $277 mil PPP project in Chengdu

SINGAPORE (Nov 19): Sapphire Corporation’s 97.6% owned subsidiary, Ranken Railway Construction Group Co, and consortium partners have secured a PPP project in Chengdu, Sichuan Province, China.


CapitaLand hits record RMB2 bil in China home sales for Oct

SINGAPORE (Nov 7): CapitaLand in October saw a total of four residential launches in China worth RMB2 billion ($396.7 million), its highest home sales value in the country over a 30-day period this year.


Hong Leong Holdings announces 2nd residential project in Chengdu

SINGAPORE (Oct 1): Hong Leong Holdings, the privately-held property development and investment arm of Hong Leong Group, on Monday announced the development of its second residential project in Chengdu, Springdale Park.

CapitaLand announces new management contract wins in Guangzhou & Chengdu

SINGAPORE (June 19): CapitaLand Retail, a wholly owned subsidiary of CapitaLand, has clinched two new management contracts in China that together, add 1.2 million sq ft in retail gross floor area (GFA) from Guangzhou and Chengdu.

Broker's Calls

Starhill Global’s FY17 distributions to be impacted negatively

SINGAPORE (Feb 2): CIMB Research is reiterating its “hold” call on Starhill Global REIT while lowering its target price to 72 cents from 76 cents after the release of the REIT’s 2Q17 results, on expectations of ongoing redevelopment at Plaza Arcade


CRCT posts 8.5% decline in 4Q DPU to 2.37 cents on additional tax provision and forex losses

SINGAPORE (Jan 26): The manager of CapitaLand Retail China Trust (CRCT) has declared a distribution per unit (DPU) of 2.37 cents for the fourth quarter ended Dec 2016, 8.5% lower from 2.59 cents a year ago.


GuocoLand’s China unit submits winning bid of $754 mil for Chongqing land to build mixed development with Hong Leong unit

SINGAPORE (Nov 29): GuocoLand, via its GLL Chengdu subsidiary in China, submitted the winning bid price of RMB3.64 billion ($754 million) for four plots of land in Chongqing to build mixed development comprising retail, business and residential use.

SilkAir starts Singapore-Fuzhou route

SINGAPORE (Nov 21): Singapore Airlines’ regional airline SilkAir has launched its new flight to Fuzhou, China, the eighth Chinese city in its route network after Changsha, Chengdu, Chongqing, Kunming, Shenzhen, Wuhan and Xiamen.

Keppel Land China divests stakes in Chengdu township project for $30.8 mil

SINGAPORE (Oct 17): Keppel Land has through its two associated companies, CityOne Township Development and Quivivet, and their JV partner, entered into an agreement to divest their stakes in Chengdu Century Development Co. (CCDC) to Sichuan Zhong Tie Wen