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The new EC at Yishun Ave 9 is a highly-anticipated residential haven in the heartlands. The EC plot was awarded to Sing Holdings Limited In November 2020, after it submitted the top bid of $373.5 million.  Residents will get to enjoy lush greenery aplenty, with scenic views of nature in its full glory. Even though […] The post Why Should You Invest In The New EC At Yishun Ave 9? appeared first on PropertyInvestSG ..read more

Data centres remain in high demand for S-REITs, with Mapletree Industrial Trust proposing a nearly two-billion-dollar purchase last week. We are positive on growing data centre exposure among S-REITs – it also affords more options for investors seeking exposure to this asset class. The hunt for data centres continues among S-REITs, with MINT proposing a […] The post Data centres continue to be hot in demand appeared first on PropertyInvestSG ..read more

In October 2020, a government land sales (GLS) exercise for a new condo at Tanah Merah Kechil Link drew 15 bids from developers. It was ultimately won by MCC Land, whose bid of $930 per square foot per plot ratio was significantly above media analysts’ expectations of $850. The plot of land has a size […] The post Tanah Merah Kechil Mixed Development – Live right next to Tanah Merah MRT above a mall with great investment potential By MCC Land appeared first on PropertyInvestSG ..read more

CITY Developments Limited (CityDev: C09 -2%) is focusing on a new chapter of growth and transformation, having booked substantial impairment losses on Sincere Property Group, hotels and investment properties.  The road ahead for the Singapore-based real estate giant may include unlocking “deep value” in its London subsidiary’s hotel portfolio, nursing Sincere back to health, a potential Singapore […] The post CDL charts next steps for Sincere, hotels after S$1.92b loss appeared first on PropertyInvestSG ..read more

UOL Group’s FY20 net profit plunged 97 per cent to S$13.1 million, from S$478.8 million a year earlier. This was due mainly to attributable fair-value losses on its investment properties and other losses totalling S$246.7 million, compared to gains of S$165.1 million previously. The group suffered a decline in fair value on its commercial properties […] The post UOL full-year profit dives 97% to S$13m; better second-half more than offsets H1 loss appeared first on PropertyInvestSG ..read more

IN tandem with the improving Singapore private housing market, the government has upped development charge (DC) rates for the landed and non-landed residential use groups for the half-year period starting March 1. However, it is trimming DC rates for commercial use for the second consecutive time, albeit by a moderated 1.5 per cent on average, […] The post Development charge rates up 0.3% for non-landed residential use, 1.5% cut for commercial use appeared first on PropertyInvestSG ..read more

HEFTY impairments and revaluation losses, including for ION Orchard and Jewel Changi Airport, pushed CapitaLand into its first full-year net loss in almost two decades. The non-cash items, which largely stemmed from pandemic-related extraordinary events, also led to the property behemoth falling into the red for the second half of 2020 with a net loss […] The post CapitaLand ups payout ratio despite deep revaluation losses on malls appeared first on PropertyInvestSG ..read more

SINGAPORE’S real estate investment trusts (S-Reits) could benefit if China changes its rules to allow its citizens to invest in overseas equities. The mainland is considering easing capital controls to allow its citizens to invest in overseas securities and insurance products, a senior foreign exchange official said last Friday. The State Administration of Foreign Exchange […] The post S-Reits may gain if China citizens allowed to invest in securities abroad appeared first on PropertyInvestSG ..read more

Following a book-building process, the manager and underwriters will determine the placement’s issue price and number of new units to be issued. THE manager of Cromwell European Real Estate Investment Trust (Cromwell E-Reit) on Wednesday proposed a private placement of between 200 million and 209.3 million new units, at an issue price of 43 to […] The post Cromwell E-Reit to raise some 90m euros in proposed private placement appeared first on PropertyInvestSG ..read more