City Developments

SembMarine gatecrashes the property stocks party with a breakout  - THE EDGE SINGAPORE

Right Timing

SembMarine gatecrashes the property stocks party with a breakout

More exciting than the rather staid Straits Times Index, is the performance of selected property related stocks such as Singapore Press Holdings (SPH), and United Industrial Corp (UIC) which has an

Opportunities for developers to acquire China  business parks as country addresses debt danger - THE EDGE SINGAPORE

Global review

Opportunities for developers to acquire China business parks as country addresses debt danger

Sincere Property Group was not the only Chinese company that defaulted on a bond payment. China Fortune Land Development Co also defaulted on a USD bond which matured on Feb 28.

CDL plans bond issue as Sincere Property defaults, and blame game begins - THE EDGE SINGAPORE

Property

CDL plans bond issue as Sincere Property defaults, and blame game begins

City Developments launched a $200 million senior 5-year bond tranche at 2.3%, on Mar 12, 130 bps above 5-year Sor (swap offer rate).

Lack of reaction from CDL’s price implies  Sincere’s bond default is factored in - THE EDGE SINGAPORE

Property

Lack of reaction from CDL's price implies Sincere's bond default is factored in

On March 10, Bloomberg carried a news item which said no payment had been made towards a bond from Chongqing Sincere Yuanchuang Industrial with RMB444.5 million ($91.9 million) outstanding that mat

CDL and Sincere: the blame game begins as Sincere defaults on bond  - THE EDGE SINGAPORE

Property

CDL and Sincere: the blame game begins as Sincere defaults on bond

On March 10, Bloomberg carried a news item which said no payment had been made towards a bond from Chongqing Sincere Yuanchuang Industrial, a unit of Sincere Property Group, with RMB444.5 million (

CDL begins monetisation of Sincere’s assets  - THE EDGE SINGAPORE

Property

CDL begins monetisation of Sincere’s assets

 On the afternoon of Feb 22, City Developments (CDL) made an SGXnet compliance announcement on interested party transactions, and a press release on corporate action to improve the liquidity of Sin

Undersupply, potential land price rise could narrow developer discounts - THE EDGE SINGAPORE

Investing ideas

Undersupply, potential land price rise could narrow developer discounts

Developers have had a tough 2020 between supporting their REITs, supporting their tenants, and having to revalue their hospitality portfolios downwards.

Right Timing

STI holds on to sideways range, uptrend intact

The new year would probably see the Straits Times Index still entrenched within a narrow range. Week-on-week, the index closed almost unchanged at 2,843.

Quiet sessions ahead of year-end, SIA eases - THE EDGE SINGAPORE

Right Timing

Quiet sessions ahead of year-end, SIA eases

City Developments ($7.98) has been consolidating within a narrow range, and this may continue for the last week of this year. ADX is flat at 28, and the DIs are neutral.

REITs with non-Singapore portfolios stand out - THE EDGE SINGAPORE

Billion Dollar Club 2020

REITs with non-Singapore portfolios stand out

EC World REIT focuses on owning properties used primarily for e-commerce, supply-chain management and logistics in China.

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