Soilbuild Construction unit receives writ of summons from condo developer



SOILBUILD Construction Group's wholly-owned subsidiary, Precast Concrete Builders (PCB), on Tuesday received a writ of summons and a statement of claim filed in the High Court of Singapore.



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Suntec Reit sells 30% stake in new 9 Penang Road building



SUNTEC Real Estate Investment Trust (Suntec Reit) has sold its 30 per cent interest in 9 Penang Road, formerly known as Park Mall, to Haiyi Holdings.



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Innopac to delist on June 30, no exit offer received



TROUBLED Innopac Holdings will be delisted from the Singapore bourse at 9am on June 30.



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Millions of dollars in notes held by pioneer members of Peter Kwee's Laguna still unpaid



HUNDREDS of Laguna National's pioneer members who collectively took up tens of millions of dollars in debentures to help finance the construction of the golf club are at a loss as to whether they will get their money back.



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Local data centre provider Digital Edge acquires Indonesia's Indonet for US$165m



SINGAPORE-BASED data centre provider Digital Edge on Tuesday announced that it has acquired a controlling interest in Indonesian digital infrastructure service provider Indonet for US$165 million.



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ART, Ascott to jointly invest, develop South Carolina student housing asset for US$109.9m



ASCOTT Residence Trust (ART) and its sponsor The Ascott will jointly invest and develop a 678-bed freehold student accommodation asset in South Carolina for US$109.9 million.



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URA releases two land parcels at one-north's Slim Barracks Rise for sale



TWO residential with commercial at first storey land sites at Slim Barracks Rise were released for sale on Tuesday, under the confirmed list of the first half 2021 government land sales (GLS) programme, announced the Urban Redevelopment Authority (URA).



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Ascott to open lyf co-living property in Fukuoka



CAPITALAND'S The Ascott on Tuesday said it will be opening its first lyf-branded co-living property in Japan on Wednesday.



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S$300m site near Botanic Gardens stirs interest as GCB market continues to sizzle



AMID the current sizzling Good Class Bungalow (GCB) market, a plum property just a stone's throw from the Singapore Botanic Gardens has been generating much interest.



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Mapletree Industrial Trust closes S$310.4m preferential offering



MAPLETREE Industrial Trust's (MIT) non-renounceable preferential offering at S$2.64 per unit was 176.3 per cent subscribed.



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Raffles set to launch first London hotel and branded residences in 2022



THE iconic Raffles brand will make its debut in London come 2022, with a luxury hotel in the Old War Office building, even as the first Raffles-branded residences in Europe are launched for sale.



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Ascott to open lyf co-living property in Fukuoka, Japan



CAPITALAND'S The Ascott on Tuesday said it will be opening its first lyf-branded co-living property in Japan on Wednesday.



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New launches, looser Covid-19 restrictions may boost new home sales ahead: analysts



DEVELOPERS in Singapore sold nearly 30 per cent fewer private homes in May compared with April, with sales dampened by stricter safe-distancing measures meant to curb rising Covid-19 cases here, as well as fewer launches.



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URA releases two land parcels at one-north's Slim Barracks Rise for sale



TWO residential with commercial at first storey land sites at Slim Barracks Rise were released for sale on Tuesday, under the confirmed list of the first half 2021 government land sales programme, announced the Urban Redevelopment Authority (URA).



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Sovereign wealth funds pumping more money into real estate, alternative assets



SOVEREIGN wealth funds (SWFs) are injecting more capital into higherreturning alternative assets such as property, although some heavyweights fall short of their targets. Investments into real estate, private equity and infrastructure by such state-owned investment funds grew substantially over the past decade.



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Perpetuals lure as cheap equity for hungry-to-acquire Reits



THERE are businesses that list in Singapore, and raise no further capital once their listing status is secured.



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Sustainable real estate asset investments to grow in Asean, says property player Acre



THERE is an expected rise in sustainable multi-family real estate asset investment in markets such as Thailand and South-east Asia, said property player Asia Capital Real Estate (Acre), as it taps green financing to support this emerging segment.



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Stamford Land puts Australia, NZ hotels up for sale for A$1b: report



LUXURY hotel owner-operator Stamford Land Corp is reportedly looking to sell six of its vacant properties in Australia and New Zealand, for a total of more than A$1 billion (S$1.02 billion).



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CSC has sufficient construction materials in Singapore despite Malaysia MCO 3.0



ENGINEERING specialist CSC Holdings said its Singapore foundation operations has maintained "sufficient stock" of key construction materials that are typically supplied from Malaysia.



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Property market sees rise in spoof messages from purported agents



THE stronger property market in Singapore may have unleashed a new trend - that of text spoofing.



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Sustainable real estate asset investments to grow in South-east Asia



THERE is an expected rise in sustainable multi-family real estate asset investment in markets such as Thailand and South-east Asia, said property player Asia Capital Real Estate (Acre), as it taps green financing to support this emerging segment.



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JustCo names CFO to helm finance, capital markets and M&A functions



CO-WORKING operator JustCo has appointed Loke Huey Teng as its chief financial officer (CFO) to helm its finance, capital markets and mergers and acquisitions (M&A) functions.



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Lian Beng's Ong family makes S$0.50 per share mandatory conditional cash offer following married deal



ON Monday, the Ong family which controls civil engineering and construction group Lian Beng announced a mandatory conditional cash offer at 50 Singapore cents per share, following a married deal.



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Aspial's proposed privatisation of World Class Global unit gets shareholders' nod



JEWELLERY group Aspial Corp will be taking its subsidiary World Class Global (WCG) private after gaining 98.48 per cent shareholder approval in a scheme meeting on Monday, the companies said in separate filings with the Singapore Exchange (SGX).



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New private home sales take a hit in May on the back of heightened measures



TIGHTER restrictions to curb a resurgence in Covid-19 cases dampened new private home sales in May, although the impact wasn't as severe as during the circuit breaker in the corresponding month last year.



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LHN hits all-time intraday high of S$0.46 after fundraising announcement



SHARES of LHN rose to an all-time high on Friday morning after the Catalist-listed property group announced plans to raise S$2.2 million through a private placement.



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Genting Singapore-led Japanese consortium submits bid for Yokohama City IR project



GENTING Singapore has submitted a bid to build an Integrated Resort (IR) in Japan's Yokohama City, leading a consortium of Japanese corporates including Sega Sammy Holdings, Sohgo Security Services, Kajima Corp, Takenaka Corp and Obayashi Corp.



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Low Keng Huat to sell Westgate Tower stake, buy remaining 45% of Paya Lebar Square in shift to retail



PROPERTY player Low Keng Huat has entered agreements to sell its interests in Westgate Tower for S$97.1 million, while buying the remaining 45 per cent of Paya Lebar Square that it does not already own for S$90.5 million.



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Striking a balance in building HDB flats in prime locations



"THIS is home, truly" - the lyrics of the National Day song Home are familiar to all. For Singaporeans, home is the place which anchors our emotional sense of belonging.



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Singapore property agents expect to benefit from relaxed Covid measures



SINGAPORE property agents are optimistic about the effects of relaxed Covid-19 measures.



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Isetan appoints agent to assess buyer interest for Wisma Atria space



ISETAN (Singapore) has appointed Savills as marketing agent to size up interest to purchase its space at the Wisma Atria shopping mall on Orchard Road, as well as to commence exploratory discussions with third parties on the matter.



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Low Keng Huat to sell Westgate Tower stake, buy 45% of Paya Lebar Square in shift to retail



PROPERTY player Low Keng Huat has entered agreements to sell its interests in Westgate Tower for S$97.1 million, while buying the remaining 45 per cent of Paya Lebar Square that it does not already own for S$90.5 million.



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Singapore property agents expect to benefit from relaxed Covid restrictions



SINGAPORE property agents are optimistic about the effects of relaxed Covid-19 measures.



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Brokers' take: DBS initiates Ho Bee with 'buy', S$3.80 TP on stable income, strong portfolio



DBS Group Research on Thursday initiated coverage on Ho Bee Land with a "buy" call and a target price of S$3.80, citing its stable income and dividends, and a diversified, "future-ready" portfolio.



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Hot stock: LHN up 24.3% to all-time high of 46 S cents after fundraising announcement



SHARES of LHN rose to an all-time high on Friday morning after the Catalist-listed property group announced plans to raise S$2.2 million through a private placement.



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Increased supply of private homes on confirmed sites a calibrated move as developers seek land



THE bump in the supply of private housing on the Confirmed List under the H2 2021 Government Land Sales (GLS) Programme is a calibrated move by the government - one that will nonetheless be welcomed by developers hungry to replenish their landbank amid diminishing inventory, analysts said.



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White site at Marina View triggered from Reserve List



The Urban Redevelopment Authority (URA) will launch for public tender a white site at Marina View after an unnamed developer made a successful application for the site's release from the Reserve List.



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A fresh face revamps 27-year-old Bugis landmark



BUGIS Junction Towers is being refurbished so this 27-year-old office development can keep up with new projects coming up in the Beach Road/Rochor Road locale.



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MND raises private housing supply for Confirmed List under H2 2021 GLS Programme



THE government has increased the supply of private housing for the Confirmed List under the H2 2021 Government Land Sales (GLS) Programme by nearly 25 per cent to 2,000 units, after taking into account factors such as the declining inventory of unsold private homes.



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Goodland, Chip Eng Seng units to acquire properties



PROPERTY players Goodland Group and Chip Eng Seng Corporation both announced property acquisition deals on Wednesday.



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New retailers sprouting in Singapore, but more shop spaces stand empty



MANY brick-and-mortar shops are likely to remain unoccupied even if the overall number of businesses in the sector continues to grow, with more retailers working from home and starting their ventures online.



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RedDoorz launches Sunerra Hotels



HOTEL management and booking platform RedDoorz, known for its brand of budget hotels in South-east Asia, has entered the midscale hotel segment of three stars and above.



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