General

Ascott Residence Trust's distribution per unit (DPU) stayed flat at 1.84 cents for the second quarter ended June 30. If year-ago results were restated to account for a rights issue, through which 481.7 million units were issued on April 11 last year, DPU would have slipped 16 per cent from 2.18 cents. Unitholders' distribution fell 15 per cent to $39.8 million. Gross revenue for Q2 rose 6 per cent to...

Frasers Centrepoint Trust's (FCT) distribution per unit (DPU) edged up 1.8 per cent year-on-year to 3.053 Singapore cents, from three cents previously, for the third quarter ended June 30. Gross revenue rose 10.9 per cent year-on-year to S$48.32 million on the back of higher contributions from three of its larger malls. Meanwhile, net property income was 13.7 per cent higher at S$35 million as revenue...

The manager of Mapletree Logistics Trust (MLT) has announced an available distribution per unit (DPU) of 1.957 cents for the 1Q19 ended June, up 3.7% from its 1Q18 DPU of 1.887 cents a year ago. Gross revenue for 1Q19 grew 10.1% on-year to $105.4 million from $95.8 million previously, maily due to higher contributions from existing properties and acquisitions in Hong Kong completed in...

DBS on Tuesday (July 24) officially launched an online property marketplace, where interested home-buyers and tenants may browse through listings by both agents and owners, as well as make transactions to buy or rent a property or apply for a property loan. It is the bank's third online portal in under a year, following the earlier launch of two other e-marketplaces for cars and electricity which it...

The manager of Mapletree Industrial Trust (MIT) has announced a distribution per unit of 3 cents for the 1Q ended June, 2.7% higher than its 1Q18 DPU of 2.92 cents a year ago. Net property income for the quarter rose 1.9 per cent to S$69.5 million from a year ago. In a media statement, it said the wider economy and business sentiments of small and medium enterprises in Singapore "remain...

Horizon Towers has extended the closing date for its collective sale tender by more than a month. This following cooling measures that took effect the day after the site had launched for sale on July 5 with a S$1.1 billion reserve price. "The decision was made following feedback from developers that they remain interested in the prime site, but would now require more time to observe and re-assess the...

Freehold residential redevelopment site Sutton Place has been put up for sale by tender with a reserve price of S$268 million, Knight Frank Singapore announced on Monday. A five-storey development comprising 44 apartments, Sutton Place sits on a site area of 8,657.0 sqm (approximately 93,185 sq ft). The site is regular in shape and is elevated away from traffic, overlooking surrounding developments....

A unit of Hong Kong-based developer Wheelock and Co said on Thursday (Jul 19) it had launched an offer for all the shares of Singapore-listed subsidiary Wheelock Properties Singapore at S$2.10 each. Star Attraction, a wholly owned indirect subsidiary of Wheelock and Co, said the voluntary unconditional general offer would allow Wheelock Property shareholders to realise their investment entirely in cash...

The Urban Redevelopment Authority (URA) has commissioned a "more detailed survey" of Singaporeans' views on short-term accommodations, after a public consultation earlier this year yielded mixed results. The survey, to be conducted by a research firm, will complement feedback obtained through the public consultation exercise and meetings with stakeholders, URA said. "We will continue to study the...

Lured by discounts offered by developers, thousands of prospective home buyers flocked to the preview of two private property projects over the weekend, in spite of the latest round of property cooling measures introduced barely two weeks ago. On Sunday (July 22), Daintree Residence at Toh Tuck Avenue in Upper Bukit Timah and The Tre Ver in Potong Pasir were jam packed when TODAY visited. More than 200...