Private home prices rose 15.8 per cent in the third quarter compared to the second quarter - slightly lower than the initial forecast of a 15.9-per-cent rise made by the Urban and Redevelopment Authority (URA) in early October. The rise in prices between July and September is a sharp turnaround from the 4.7-per-cent fall seen in the second quarter, and snaps four straight quarters of decline. According...
2009
CapitaRetail China Trust (CRCT) said on Friday that its third quarter distribution per unit (DPU) is 2.02 cents. This is 0.5 per cent higher than the 2.01 cents DPU announced over the same period last year and 4.5 per cent more than the previous quarter's DPU. Distributable income for the period ended in September is S$12.6 million, 1 per cent more than last year's S$12.4 million. Net property income was...
Frasers Commercial Trust (FCOT) announced on Friday a third quarter distribution per unit of 0.2 cent. That is 26 per cent lower than the 0.27 cent DPU for the same period last year, after making adjustments for a rights issue. Distributable income for the period ended in September fell by 24 per cent on-year to S$6.14 million, though it was up by 10.4 per cent when compared to the previous quarter. Net...
The freehold site at Angullia Park that The Parisian sits on has been sold for S$283 million. The buyer is China Sonangol Land, part of the China Sonangol international holding company headquartered in Hong Kong. According to real estate consultancy CB Richard Ellis which brokered the deal, this is the biggest private residential land sale in two years. The site, located near Orchard Road, can...
Singapore's Paragon Market Place has won the "Best Retail Concept Award" conferred by the Federation of Asia-Pacific Retailers Association (FAPRA). It is the first Singapore brand to win the title at one of the retail industry's biggest events. This is not the only accolade Paragon Market Place has received. Since its S$3 million revamp in 2008, the grocer has won awards within the retail industry in...
Second Chance Properties has bought 22 prime units of retail space at Sim Lim Square for S$35 million, as valued by real estate consultancy Jones Lang LaSalle. The 22 units cover 9,604 square feet on the fifth floor of Sim Lim Square, which is located at Rochor Canal Road. Second Chance Properties said the units are fully tenanted to 27 retailers and the gross rental per annum stands at S$2.634 million,...
CapitaMall Trust (CMT) said on Thursday that its distribution per unit (DPU) for the third quarter stood at 2.354 cents. This is a 23 per cent improvement over the 1.91 cents DPU, for the same period last year after adjusting for a rights issue. Moreover, its distributable income for the third quarter was S$74.9 million - a 23.3 per cent on-year improvement. Its net property income also rose 8.8 per cent...
Mapletree Logisticis Trust has reported a third quarter distribution per unit of 1.48 cents, down 19.6 per cent from a year earlier. The fall in DPU was mainly due to the enlarged number of units as a result of a rights issue in August last year. However the DPU was the same as in the second quarter. Net property income for the three months ended September rose 9.5 percent to S$44 million. MapletreeLog...
Luxury resorts operator Banyan Tree will be adopting the SAP ERP Human Capital Management solution to transform its traditional Human Resource operation. Through this integrated solution, Banyan Tree will be moving away from administrative human resource processes. Instead, it'll embrace progressive approaches such as employee self-service to gain greater efficiency, lower costs and increase service...
CapitaMall Trust, Singapore’s biggest property trust, said third-quarter distributable income rose 23.3% from a year earlier to $74.9 million. Unitholders can expect to receive their Third Quarter 2009 distribution of 2.35 cents per unit on 26 November 2009. The annualised distribution per unit will be 9.32 cents, translating to an annualised yield of 5.27% based on the unit price of $1.77 on 21...