Brokers' take: FLCT could replace Jardine Strategic in STI, says CGS-CIMB



FRASERS Logistics & Commercial Trust (FLCT) is the next likely candidate to replace Jardine Strategic Holdings in the FTSE Straits Times Index (STI), based on free-float and market capitalisation, CGS-CIMB said.



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Frasers Property: S$1.28b rights issue to build resilience



THE main goals of Frasers Property's S$1.18-per-share rights issue, set to raise up to S$1.28 billion, are to boost its business resilience through continued exposure to industrial, logistics and business park assets, build financial agility and strengthen its balance sheet for flexibility.



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Can the 3 big listed property groups overturn their underperformance?



BANKING and property have historically been major sectors of focus for equity investors in Singapore. Over the last five years, however, the share price performance of Singapore's three listed local banks has diverged sharply from that of the three largest listed local developers.



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Two adjoining GCBs on Ewart Park and Holland Rd for sale at S$35m and S$31m respectively



TWO adjoining Good Class Bungalows (GCBs) on Ewart Park and Holland Road have been put up for sale with an indicative price tag of S$35 million and S$31 million respectively, said sole marketing agent Edmund Tie on Monday.



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Brokers' take: JPMorgan says industrial Reits 'most vulnerable' amid S-Reit headwinds



INVESTORS should brace for a correction ahead among Singapore real estate investment trusts (S-Reits), analysts at JPMorgan reckon, as they issued a non-consensus "underweight" on industrial Reits.



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Kai Fook Mansion in Tiong Bahru launched for collective sale at S$123m



KAI Fook Mansion, a walk-up apartment located at Kim Tian Road, is up for collective sale via public tender with an asking price of S$123 million, said sole marketing agent Huttons Asia on Monday.



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Hot stock: Jardine Strategic up 36.5% on proposed Jardine Matheson acquisition



SHARES of mainboard-listed Jardine Strategic Holdings hit a one-year-seven-month high of US$37.50 on Monday after Jardine Matheson Holdings said it will simplify its parent company structure.



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Good Class Bungalow market continues to sizzle



THE creme de la creme of Singapore's landed housing market remains buoyant.



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En bloc deals: Surrey Point sold for S$47.8m; Mt Emily Rd site fetches S$18m



ACTIVITY is picking up in Singapore's en bloc property market - two deals were announced this week, including the year's first collective sale.



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Brokers' take: RHB downgrades EC World Reit to 'neutral' on lack of near-term catalysts



RHB has downgraded EC World Reit to "neutral" from "buy" due to a lack of near-term catalysts and limited upside to the real estate investment trust's (Reit) target price, which remains unchanged at S$0.76.



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Malls may bank on resilient retail categories



The pandemic has been tough on the retail industry, but some categories have outperformed others, going by data from NUS’ Institute of Real Estate and Urban Studies (IREUS). As such, shopping malls tweaking their retail mix in the future are expected to double down on retail segments which have shone over the past year.



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Fortune Park near Kovan MRT station up for collective sale



A FREEHOLD 10-storey residential block along Tampines Road has been put up for collective sale with an indicative price tag of between S$115 million and S$118 million, said its sole marketing agent ERA Realty Network.



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Perennial-led group to develop project in Hangzhou's 'Silicon Valley'



PERENNIAL Holdings, together with its partners, has won a tender to develop a plot of land adjacent to the south square of the upcoming Hangzhou West High Speed Railway (HSR) Station, The Business Times understands.



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Ding Zhou to buy 41-year lease in ex-Mazda, Volkswagen showroom site in MacPherson



FOR decades until late 2011, the main Mazda showroom used to be at 1 Kampong Ampat.



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Perennial-led group to develop project in precinct of Hangzhou's Silicon Valley



PERENNIAL Holdings, together with its partners, has won a tender to develop a plot of land adjacent to the south square of the upcoming Hangzhou West High Speed Railway (HSR) Station.



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