BOUTIQUE Australian investor Samuel Terry Asset Management has lost another attempt to have AIMS Property Securities Fund wound up, according to a unitholder vote that it called in Sydney on Monday.
ZACD Group has revealed more details about its Landmark Tower purchase in May as it continues to raise funds to finance its stake in the collective sale.
REAL estate tycoon Gordon Wu, whose plan to build artificial islands around Hong Kong was just embraced, wants to take his company Hopewell Holdings private 40 years after it made its market debut. A US$2.7 billion bid is less generous than the headline premium suggests. The discounts applied to property companies, however, may inspire peers to follow suit.
CONSTRUCTION and property development company Low Keng Huat's net profit for the third quarter ended Oct 31, 2018 slumped 60 per cent year-on-year to S$2.63 million on the back of lower profits from its investment segment.
UNITHOLDERS of dual-listed AIMS Property Securities Fund voted against a winding-up action on Friday - but will be asked to take a stand on the same issue again next week.
UNITHOLDERS voted against a winding-up of dual-listed AIMS Property Securities Fund by a six-point unit-holding margin on Friday, according to an update from the manager.
THE government has cut the private housing supply from its first-half 2019 land sales programme by 20 per cent from the current half, bringing it to the lowest level in 12 years.
THE government has decided to moderate the total supply of private residential units for the first-half 2019 Government Land Sales (GLS) Programme, citing the significant growth in pipeline supply while demand has started to moderate following the introduction of the July property cooling measures.
THE government on Thurday announced the first-half 2019 Government Land Sales (GLS) Programme, which comprises five confirmed list sites and nine reserve list sites. These sites can yield about 6,475 private residential units (including executive condominium or EC units), 86,000 square metres gross floor area (GFA) of commercial space and 1,115 hotel rooms.
OCBC analysts are taking a cautious stance on Singapore's residential property sector in 2019 on expectations of low-to-negative growth in private home prices.
OUTBOUND real-estate investments from Singapore in this year so far are slightly lower than last year's record figures, with China pipping the US as the top destination.
SINGAPORE property developers have been diversifying into new markets and business segments in recent years after several rounds of property cooling measures, which have contributed to a tougher operating environment.
CATALIST-LISTED builder Sysma Holdings has won an S$18.6 million contract to build a home in a Good Class Bungalow (GCB) Area, the group said on Wednesday.