PROPERTY firm First Sponsor plans to snap up controlling shares of the Westin Bellevue Dresden hotel, located in Dresden, Germany, with acquisition cost valued at about 49.5 million euros (S$75.7 million), it said on Thursday.
PROPERTY group Roxy-Pacific Holdings posted a 27 per cent year-on-year drop in net profit to S$5.93 million for the fourth quarter ended 31 Dec, 2018, in line with weaker revenue.
AS City Developments Limited (CDL) gears up for its slew of residential project launches, it's also taken a liking to some government land sales (GLS) sites later this year. The property group also won't rule out occasional en bloc deals.
PROPERTY group Roxy-Pacific Holdings on Thursday posted a 27 per cent year-on-year drop in net profit to S$5.93 million for the fourth quarter ended Dec 31.
AF Global posted an 88 per cent drop in full-year net profit to S$926,000 from S$7.95 million a year ago, dragged by litigation fees incurred from a shareholders dispute, the property and hospitality company said on Wednesday night.
THE United States has had 11 recessions since the end of World War II. All but two were preceded by a big decline in the housing market.
MANY people have heard of proptech (property technology) these days, but real estate agency Orange Tee & Tie has a vision to become the first "TechProp" company in Singapore, and potentially the region at some point.
CAPITALAND, which is planning to launch two Singapore residential projects this year, does not expect to actively look for opportunities in the sector unless it can get "good pricing", said the group's chief executive and president, Lee Chee Koon.
CONSOLIDATION in the real estate agency industry continues, with PropNex Realty entering into a strategic collaboration with a wholly-owned indirect unit of China Real Estate Grp (CREG) which will see it absorbing salespeople from Global Alliance Property (GAP).
FOR Singaporeans investing in real estate investment trusts (Reits), Finance Minister Heng Swee Keat's removal of the sunset clause for tax exemption on Singapore-listed Reits (S-Reits) and Reits Exchange-Traded Funds (Reits ETFs) distributions is undoubtedly welcome news.
PROPNEX Realty has entered into a strategic collaboration with Global Alliance Property (GAP), which is a wholly-owned indirect subsidiary of China Real Estate Grp (CREG).
JTC has awarded the tender for an industrial site at Jalan Lam Huat in Kranji to investment holding and real estate firm Carros Project Management Pte Ltd.
A PAIR of adjoining three-storey conservation commercial shophouses at 44 and 46 Club Street have been put on sale, said Cushman & Wakefield on Tuesday. The properties will be sold with existing tenancy at a price of S$25 million for both shophouses, the real estate company told The Business Times.
AUSGROUP Ltd - a construction and marine services provider - plans to buy an accommodation area worth A$11.8 million (S$11.4 million) that houses staff working in the marine industry in a part of Australia.
8M Real Estate is buying about S$144 million in shophouses in four transactions involving 10 shophouses in Tanjong Pagar Road, Amoy Street, Gemmill Lane and Lorong Mambong.