property

Singapore's property glut could take years to clear

Property

Singapore's property glut could take years to clear

(Dec 9): Singapore has a property glut that could take years to clear, threatening to kill a nascent price recovery amid an already uncertain economic outlook.

Singapore economy

Property and banking sectors stable amid economic slowdown, but concerns remain, says MAS

SINGAPORE (Dec 2): The Financial Stability Review (FSR) released by the Monetary Authority of Singapore on Nov 28 highlights the risk of an economic slowdown, but this has not caused systemic probl

Investing ideas

Further upside to property-related companies on the way, says KGI

SINGAPORE (Oct 21): In September, new home sales reached the highest monthly sales since July 2018, when the latest round of property cooling measures came into effect.

M&A

Top Global to acquire 43 units in Thong Teck Building for $170 mil

SINGAPORE (Sept 2): Top Global, the property developer and hospitality and facility manager, will acquire 23 freehold commercial strata-titled lots with 43 property addresses in Thong Teck Building

Results

Wing Tai FY19 earnings down 79% to $46.8 million on lower revenue and contributions from development properties

SINGAPORE (Aug 27): Property group Wing Tai holdings reported FY19 earnings of $46.8 million, down 79% from $225.2 million recorded at the end of FY18.

REITs

REIT managers welcome MAS consultation paper, question hangs over classification of perpetual securities

(July 15): On July 2, the Monetary Authority of Singapore published a consultation paper to consider raising the regulatory gearing limit (debt-to-asset ratio) for real estate investment

Company in the news

Thakral adds another Osaka office building to portfolio

SINGAPORE (July 1): Thakral Corporation has acquired another commercial property in Osaka, Japan – the Nikke Yotsubashi building.

The big threat to Hong Kong's property billionaires

Property

The big threat to Hong Kong's property billionaires

SINGAPORE (June 10): Can Hong Kong’s billionaire heirs keep their grip on the city? Given Beijing’s increasing assertiveness in the territory, it is a question worth asking.

Broker's Calls

OCBC says Soilbuild REIT has undemanding valuations, but still lacks catalysts

SINGAPORE (May 31): OCBC Investment Research is maintaining “hold” on Soilbuild Business Space REIT (SB REIT) with an unchanged fair value of 62 cents as the REIT continues to await rent payment du

Be informed of the stories that matter