Frasers Commercial Trust holds to Q1 DPU of 2.4 S cents



FRASERS Commercial Trust kept distribution per unit (DPU) stable at 2.4 Singapore cents in the first quarter  ended Dec 31, 2018, even with hits to top and bottom lines, as distributable income was propped up on various fronts.



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Knight Frank names new group managing director



KNIGHT Frank Singapore has appointed real estate veteran Wendy Tang as group managing director (MD) with effect from April this year to replace current group MD and chairman Danny Yeo.



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Surbana Jurong building global headquarters in Jurong Innovation District



URBAN and infrastructure consultancy Surbana Jurong is building a new campus for its global headquarters in the upcoming Jurong Innovation District. The groundbreaking ceremony for the 68,915 square metre development was held on Friday.



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Serangoon building back on market at lower price



A FREEHOLD six-storey commercial building at 291 Serangoon Road is being relaunched for sale at a lower price of between S$46 million and S$49 million.



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CDL group GM is Redas new president



THE Real Estate Developers' Association of Singapore (Redas) announced its new management committee for the 2019/2020 term, which is to be headed by City Developments Ltd (CDL) group general manager Chia Ngiang Hong as president.



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Forchn plans for second, bigger fund to shop for S-E Asian assets



THE ink has barely dried since Forchn Holdings launched a US$150-million private equity fund last year to buy logistics real estate in South-east Asia but already the sponsor of EC World Reit has plans to launch a second, bigger fund.



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Singapore asset players find calm in Brexit storm



SINGAPORE-LISTED property players aren't seeing a significant impact of the Brexit crisis on their operations and investments in the UK for now, but are watching developments closely.



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Redas announces new president, management committee



THE Real Estate Developers' Association of Singapore (Redas) has announced its new management committee for the 2019/2020 term, with City Developments group general manager Chia Ngiang Hong as president.



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Freehold commercial building in Serangoon Road re-launched for sale at reduced price



A FREEHOLD six-storey commercial building in 291 Serangoon Road is being relaunched for sale at a lower price of between S$46 million and S$49 million. 



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Newton Lodge up for collective sale with S$44m minimum price



OWNERS of Newton Lodge, a 16-unit apartment block at Newton Road, have put their freehold 21,409 square foot site up for tender at a minimum price of S$44 million.



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First Reit's Q4 DPU unchanged from a year ago



FIRST Real Estate Investment Trust's (First Reit) fourth-quarter distribution per unit (DPU) stayed flat at 2.15 Singapore cents for the three months ended Dec 31, 2018, unchanged from a year ago.



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Google in talks for 400,000 sq ft space at Alexandra Technopark



GOOGLE is planning to expand in Singapore, going by market talk that it plans to boost its real estate footprint on the island.



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Over half of institutional investors to raise Asia-Pacific property allocations: poll



OVER half of institutional investors globally, or some 57 per cent, intend to increase their allocations to Asia-Pacific real estate over the next two years, a survey showed.



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Newton Lodge up for collective sale with S$44m lowest price



OWNERS of Newton Lodge, a 16-unit apartment block at Newton Road, have put their freehold 21,409 square foot site up for tender at a minimum price of S$44 million.



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Sultan Plaza owners launch en bloc with S$380m reserve price



THE owners of the Sultan Plaza commercial building along Jalan Sultan have launched a public tender for a collective sale with a reserve price of S$380 million.



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