Brokers' take: Analysts recommend ARA Logos unitholders accept ESR-Reit offer



RHB on Monday downgraded ARA Logos Logistics Trust to a "take profit" call, 3 notches down from "buy". This means the target price has been attained and investors should look to accumulate at lower levels.



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Renting can be a viable alternative to owning a private home in Singapore



HOME ownership is deeply ingrained in the minds of Singaporeans. Around 88 per cent of resident households own their homes as at 2020.



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Acquisitions to take centre stage as industrial S-Reits seek further growth



INDUSTRIAL-FOCUSED Singapore-listed real estate investment trusts (S-Reits) have performed better than most of their peers in other sub-segments amid the Covid-19 pandemic.



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Hot stocks: ESR-Reit climbs 4.3%, Ara Logos down 3.7% on proposed merger



THE proposed merger of ESR-Reit and Ara Logos Logistics Trust has garnered different reactions from the market, with ESR-Reit climbing 4.3 per cent during the early morning trade on Monday (Oct 18), while Ara Logos drops 3.7 per cent.



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Hong Lai Huat enters JV to explore, mine mineral resources in Cambodia



PROPERTY developer Hong Lai Huat Group has inked a joint venture (JV) agreement with HSC Group to explore and mine mineral resources at the former's mixed-use agricultural hub in Cambodia.



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Reality check for Singapore property as retirement asset



IT IS often said that Singaporeans have an enduring love affair with property, with many looking to sell or downsize their homes to enhance their retirement kitties in their golden years.



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Cities might be back, but Aspen real estate is still booming



IF you go by the numbers, Aspen's luxury real estate market did not have a great third quarter.



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ESR-Reit, Ara Logos propose merger with pricing favouring ESR-Reit unitholders



ESR-REIT and Ara Logos Logistics Trust are proposing to merge in a S$1.4 billion deal, in a move that will create a real estate investment trust (Reit) with S$5.4 billion in total assets.



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New Reit index by SGX and UOBAM tracks environmentally positive Reits



A NEW real estate investment trust (Reit) index that tracks environmentally-positive Reits was launched on Friday (Oct 15) by the Singapore Exchange (SGX) and UOB Asset Management (UOBAM).



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Analysts see slight lift from foreign demand in Singapore property in Q4 2021



ANALYSTS have flagged a possible lift in foreign demand in Singapore properties as Vaccinated Travel Lanes (VTL) open up. This comes as the year-to-date tally has already beat total sales in 2020.



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ESR-Reit, ARA Logos propose S$1.4b merger



THE managers of ESR-Reit and ARA Logos Logistics Trust (ARA Logos) have proposed a S$1.4 billion merger, where ESR-Reit will acquire all of ARA Logos' units in exchange for a combination of cash and new units.



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Porcelain Hotel in early stage of being sold for about S$90m



IN ONE of the largest deals in the Singapore conservation shophouse market, Porcelain Hotel - comprising 12 contiguous four-storey shophouses along Mosque Street - is in the early stage of being transacted at about S$90 million, The Business Times understands.



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Family of Kopitiam King buys Lornie Road GCB for S$26.8m



THE family of Lim Bee Huat of Kopitiam King fame is buying a fairly new bungalow along Lornie Road for S$26.8 million.



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Construction firm Keong Hong clarifies increase in pay for former general manager



THE increase in the annual aggregate remuneration paid to 2 key management personnel of Keong Hong Holdings, as cited in an article in The Business Times (BT), was primarily due to remuneration paid to its former general manager of operations, Sebastian Loo.



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S-Reits' data centres, logistics properties may see their values improve: IREUS



MORE volatility may be in store for valuations of retail, office and hospitality properties, while data centres and logistics assets will likely see their values improve in tandem with the growing need for digital solutions and supply-chain resilience.



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GB Building unit owners eyeing collective sale



SOME subsidiary proprietors of GB Building, located at 143 Cecil Street in the Central Business District, are aiming for a collective sale of the commercial development.



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Singapore new private home sales down 32.3% to 823 in September



NEW private home sales continued to ease in September following August's drop. Based on caveats lodged, analysts estimated that developers in Singapore sold 823 new private homes in September, down 32.3 per cent from August's 1,215 units.



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Record year predicted for APAC cross-border real estate investment in 2022



IT will be a record year for cross-border real estate investment in 2022 in the Asia Pacific (APAC) region, with investment volumes expected to grow by a third, said Knight Frank on Wednesday (Oct 13).



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CLCT prices private placement at bottom end of price range, exercises upsize option



CAPITALAND China Trust (CLCT) on Wednesday priced its private placement at S$1.165 per new unit, which is the bottom end of the price range.



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Aims Apac Reit posts 18.8% rise in H1 DPU to S$0.0475



AIMS Apac Real Estate Investment Trust's (AA Reit) distribution per unit (DPU) rose by 18.8 per cent to 4.75 Singapore cents for the first half ended Sep 30, 2021, from 4 cents a year ago.



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Singapore condo resale volumes drop 3.8% in Sep: SRX



SINGAPORE resale condominium volumes dipped in September after rising in August and July, while prices continued to rise for the 14th straight month, according to flash figures from SRX Property on Tuesday.



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Holland Hill Lodge up for collective sale at S$25.8m



HOLLAND Hill Lodge, a freehold residential development site at 5 Holland Hill, has been put up for collective sale via a public tender exercise.



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Property may no longer be pot of gold for retirement, says DBS



PROPERTY has been a golden wealth accumulation strategy for earlier generations of homeowners, as many have seen the value of their homes and property investments grow by multiple folds over the years.



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National monument House of Tan Yeok Nee put on the market again for S$92m



THE House of Tan Yeok Nee , a gazetted national monument at the junction of Penang Road and Clemenceau Avenue, has been put up for sale via expression of interest with an indicative price of S$92 million.



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Ascott to manage Sun Group serviced residences in Vietnam



THE Ascott Limited is partnering Sun Group, one of Vietnam's largest real estate developers, to manage 1,905 units across 3 serviced residences within the latter's Tay Ho View Complex in Hanoi.



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Singapore condo resale volumes drop 3.8% in September: SRX



SINGAPORE resale condominium volumes dipped in September after rising in August and July, while prices continued to rise for the 14th straight month.



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CLCT to raise S$120m to fund S$297.7m acquisition of 4 China logistics assets



CAPITALAND China Trust (CLCT) will spend S$297.7 million to acquire 4 assets in Shanghai, Kunshan, Wuhan and Chengdu, in its first foray into the China logistics sector, its manager said on Tuesday (Oct 12).



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Tuan Sing prices S$200m notes due 2024 at 6.9%



TUAN Sing Holdings has priced S$200 million in notes due 2024 at 6.9 per cent, to be issued under its S$900 million multi-currency medium-term note programme established in Feb 2013.



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