New top-tier condos see better sales this year



A HUNDRED and four non-landed new homes with a price tag of S$5 million and above were sold in the first 10 months of this year - the highest tally in recent years.



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Changing tides of foreign buying



IN RECENT months, foreigners' purchases of luxury condo units in Singapore, including penthouses, have made headlines in an otherwise subdued market.



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OUE Q3 profit surges to S$124.1m on non-cash gain from merging of Reits



OUE Limited's third-quarter net profit surged to S$124.1 million, almost 60 times that of the S$2.1 million net profit for the year-ago period due to higher earnings before interest and taxes (Ebit) and a one-off non-cash gain of S$90.9 million arising from the merger of OUE Commercial Real Estate Investment Trust (OUE C-Reit) and OUE Hospitality Trust (OUE H-Trust).



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Sponsor says it has strict rules in managing conflicts of interest at Sabana Reit, ESR Reit



FOLLOWING an activist fund's call for the merger of Sabana Reit and ESR Reit, sponsor ESR Cayman on Friday said it is aware of the possible conflicts of interest that may arise between the two Reits and has put in place "strict internal controls" to regulate conflicts of interest within its different business lines.



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Frasers Property full-year earnings fall 25%



FRASERS Property on Friday said net profit for its 2019 financial year fell sharply, down 25.3 per cent to S$560.3 million due to lumpiness in development earnings.



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Fragrance Q3 revenue sinks but profit soars on fair value gain



PROPERTY developer Fragrance Group posted a net profit of S$98.4 million for the third quarter, about 41 times the S$2.4 million profit a year ago.



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Singapore's October private home sales fall 27% on month to 928 units; fewer units launched



DEVELOPERS in Singapore sold 928 private homes in October, down 27 per cent from the 1,270 units moved in September.



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Fragrance Group Q3 revenue sinks but profit jumps to S$98.4m on fair value gain



PROPERTY developer Fragrance Group on Thursday night posted a net profit of S$98.4 million for the third quarter, which is about 41 times that of the S$2.4 million profit in the year-ago period.



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OUE Q3 profit surges to S$124.1m after OUE C-Reit, OUE H-Trust merger



OUE Limited's third-quarter net profit surged to S$124.1 million, almost 60 times that of the S$2.1 million net profit for the year-ago period due to higher earnings before interest and taxes (Ebit) and a one-off non-cash gain of S$90.9 million arising from the merger of OUE Commercial Real Estate Investment Trust (OUE C-Reit) and OUE Hospitality Trust (OUE H-Trust).



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Taking digital route to book new homes cuts transaction time for bookings



OVER 1,000 units and US$1 billion worth of new homes were booked since August last year through a digital booking platform by proptech firm Showsuite, which helps to cut down the average booking transaction time by going paperless.



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SPH buys 284-bed student accommodation in Germany for 15.6m euros



SINGAPORE Press Holdings (SPH) is diversifying its purpose-built student accommodation portfolio beyond the UK, with a 15.6 million euro (S$23.4 million) acquisition in Bremen, Germany.



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CapitaLand's Bridge+ to set up fintech hub in Singapore's CBD



BRIDGE+, an extension of CapitaLand's business space portfolio, on Wednesday said it will actively support the growth of fintech players, and "enliven the community" here, with the group's upcoming development in the central business district (CBD).



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MNACT tumbles on news overnight that protesters had damaged its HK mall



UNITS of Mapletree North Asia Commercial Trust (MNACT) sank on Wednesday on news that its Festival Walk mall in Hong Kong had suffered damage as protests spread across the city.



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PropNex Q3 profit down 15.2% at S$6.1m



REAL estate agency PropNex on Wednesday posted a 15.2 per cent plunge in net profit for the fiscal third-quarter from a year ago, as it took in lower commission income, while bearing higher staff costs and depreciation expenses.



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Eagle Hospitality Trust posts lower than forecast DPU of 1.649 US cents for Q3



EAGLE Hospitality Reit's (EHT) distributable income (DI) for the three months ended Sept 30 was US$14.4 million, down 1.2 per cent from the S$14.5 million projected at the point of listing, the real estate investment trust (Reit) reported on Wednesday night.



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