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SAIZEN Real Estate Investment Trust has divested its property Rise Kojo Horibata in Kumamoto, Japan for 86.0 million yen (S$1.4 million). The Reit, through Yugen Kaisha Shinzan, entered into and completed the sale and purchase agreement with an independent private investor yesterday. A valuation by Le Futur Corporation on June 30, 2012, pegged the property’s […]
August 29, 2012
TREASURY Holdings Real Estate (THRE), the trustee-manager of Singapore-listed Treasury China Trust (TCT), has been acquired by a private company owned by THRE’s chairman Richard Barrett. “Treasury Holdings China Limited, a wholly owned subsidiary of Treasury Holdings, which in turn is owned jointly by Richard Barrett and John Ronan, has disposed of the entire issued […]
August 29, 2012
GROWING brand value is tough in some businesses. Last year, the real estate sector was among the toughest. In the Brand Finance Top 100 Singapore Brands Report for 2012, brand value growth among property companies plunged to just 9 per cent after growing by nearly 400 per cent in 2011. Against this backdrop, Mapletree Logistics […]
August 29, 2012
SINGAPORE companies do not recognise the value of a brand and hardly put much effort into building up their brand’s value. According to the Brand Finance Top 100 Singapore Brands 2012 report, corporate Singapore saw its enterprise value fall to US$409 billion at the end of 2011 from US$540 billion at the end of the […]
August 28, 2012
THE Court of Appeal has upheld a ruling that dismissed an appeal by Starhill Global Real Estate Investment Trust for a review of the rent mechanism at its Ngee Ann City mall. The result could be viewed as a victory for the tenant, Toshin, which is wholly owned by Japan’s Takashimaya, although Toshin was criticised […]
August 28, 2012
BUSINESS receipts for the services industries in the second quarter of this year were up 6 per cent overall compared to the corresponding quarter last year, on the back of higher turnover from all services industries, according to figures released by the Department of Statistics yesterday. However, when comparing quarter on quarter, business receipts dipped […]
August 25, 2012
DEVELOPER CapitaLand said it has further reduced energy and water consumption at various properties around the world as part of a campaign to improve sustainability. The firm – one of the first in Singapore to voluntarily report on sustainability achievements – released a report card yesterday that details the savings made last year across its […]
August 25, 2012
ASCENDAS Real Estate Investment Trust (A-Reit) has entered into an agreement to sell a leasehold property at Techplace II to Venture Corp for $38 million. The property – Block 5006 Techplace II – is one of the six blocks of flatted factory buildings at Techplace II located at Ang Mo Kio Avenue 5. It has […]
August 23, 2012
THE right of first refusal granted by sponsor Parkway Holdings over the sale of healthcare assets expired yesterday and will not be extended, said Parkway Life Real Estate Investment Trust’s manager in a release to the Singapore Exchange. According to Parkway Life Reit’s prospectus, an agreement was entered into on July 17, 2007, which gave […]
August 23, 2012
SAIZEN Real Estate Investment Trust yesterday posted distribution per unit of 1.24 cents for the fiscal year ended June 30, 2012, and declared a distribution of 0.63 Singapore cent per unit. A year ago, the Reit reported DPU of 1.02 cents and paid out 0.50 cent per unit. Unitholders can expect to receive their distribution […]
Singapore Real Estate Highlights 
August 31, 2012
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