City Developments

REITs

IREIT exercises call option for Spanish office buildings, plans rights issue

On Aug 7, IREIT Global’s manager announced it plans to exercise the call option to acquire the 60% of four Spanish properties it does not own from Tikehau Capital, for around €47.8 million.

Financially Savvy

Developers clear up misconception around perpetual securities

SINGAPORE (May 22): On May 13, during a 1HFY2020 results briefing by Frasers Property’s (FPL) management, there were some questions on the company’s higher gearing, which had risen to 106.8% by Mar

Covid-19

Hotels hit by Covid-19 see diversification as key when recovery resumes

SINGAPORE (Apr 17): Changi Airport is home to numerous attractions, one of which is the Crowne Plaza hotel located at Terminal 3.

IPO

CityDev banks on DBS, OCBC to help in $700 mil UK assets REIT IPO

SINGAPORE (Mar 12): City Developments has selected banks to help with a potential listing on the Singapore stock exchange of its UK commercial properties, according to people familiar with the matt

As CapitaLand delivers on ROE, City Developments looks to raise ROE

Property

As CapitaLand delivers on ROE, City Developments looks to raise ROE

SINGAPORE (Feb 28): CapitaLand and City Developments (CDL) reported their FY2019 and 4QFY2019 earnings ended December on Feb 26 and both focused on return on equit

REITs

Liang Court redevelopment: a win-win situation

SINGAPORE (Dec 13): The redevelopment of Liang Court will not only benefit CDL Hospitality Trusts (CDLHT) and Ascott Residence Trust (Ascott REIT) but also City Developments (CDL) and its joint-ven

Property

Singapore property glut: developer calls for easing of curbs

SINGAPORE (Dec 11): Singapore’s property glut is an unintended consequence of government measures to force developers to build and sell apartments quickly or face stiff penalties, according to City

Property sector kept at 'overweight' by CGS-CIMB as monthly home sales volume picks up in May

Property

Property sector kept at 'overweight' by CGS-CIMB as monthly home sales volume picks up in May

SINGAPORE (June 19): CGS-CIMB Research is maintaining the Singapore property sector at “overweight” following a 28% month-on-month increase in home sales volume in May.

Broker's Calls

Look to diversified developers as property sales slow, says CGS-CIMB

SINGAPORE (Oct 2): CGS-CIMB Research is keeping its “neutral” stance on property developers amid slowing sales at new launches, following a slew of

In print this week

How the trade war has impacted our portfolio this year

SINGAPORE (Aug 10): The trade war has become a reality as the US and China have imposed 25% tariffs on each other’s products worth US$34 billion ($46.4 billion) each.

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