Award-winning architects to design new Dawson Estate

Award-winning architects to design new Dawson Estate
 
SINGAPORE: Two award-winning private architects have been officially appointed by the Housing and Development Board (HDB) on Wednesday to put a new spin to the old Dawson Estate in Queenstown.
 
SCDA Architects Pte Ltd and WOHA Architects Pte Ltd were earlier commissioned to draw up plans for two separate [...]

CDL Hospitality Trusts looks to foreign markets to grow

CDL Hospitality Trusts looks to foreign markets to grow
 
SINGAPORE: CDL Hospitality Trusts is setting its sights overseas for potential acquisitions, favouring markets like Japan and China.
 
It said that while the Singapore hospitality sector is still strong, it is also seeing many interesting offers from the rest of Asia.
 
Medical tourism and a growing financial [...]

United Engineers posts 67% drop in H1 profit

United Engineers posts 67% drop in H1 profit
 
SINGAPORE : United Engineers has suffered a 67 per cent drop in first-half earnings – hurt by the strong Singapore dollar and fair value losses.
 
Profit for the six months ended in June came in at S$8.7 million.
 
But revenue increased slightly by 2 per cent to S$273.8 [...]

MP REIT reports DPU of 1.78 cents for Q2

MP REIT reports DPU of 1.78 cents for Q2
 
SINGAPORE : Macquarie Prime Real Estate Investment Trust (MP REIT) has booked a second-quarter distributable income of S$17.2 million.
 
That works out to a distribution per unit of 1.78 cents – an increase of almost 19 per cent compared to a year ago.
 
Gross revenue hit S$30.2 [...]

UEM Land says sales at it Iskandar Malaysia residential projects slowed

UEM Land says sales at it Iskandar Malaysia residential projects slowed
By Irene Chan
 
Malaysian property developer UEM Land says sales at its residential projects at Iskandar Malaysia in Johor, have slowed this year amid global uncertainties.
 
UEM Land is the master developer of Nusajaya, a key area within Iskandar Malaysia, which covers an area about one [...]

Australian home approvals fall unexpectedly in June

Australian home approvals fall unexpectedly in June
Australian approvals to build new homes unexpectedly fell in June under the weight of high interest rates and rising building costs.
 
Approvals fell 0.7 percent in June, compared with May when they sank 7.2 percent.
 
The data suggests that the residential construction sector will be a drag on economic growth [...]

Suntec REIT to distribute 2.793 cents per unit for Q3, up 33% on year

Suntec REIT to distribute 2.793 cents per unit for Q3, up 33% on year
 
SINGAPORE: Suntec Real Estate Investment Trust is planning to distribute 2.793 cents per unit for its fiscal third quarter.
 
This is 33 per cent higher than the distribution per unit in the year-ago period and also 25 per cent higher than forecast. [...]

CapitaRetail China Trust to distribute 1.7 cents per unit in Q2

CapitaRetail China Trust to distribute 1.7 cents per unit in Q2
 
SINGAPORE: CapitaRetail China Trust (CRCT) is distributing 1.7cents per unit for its second quarter. This is 10.4 per cent higher than its forecast for the period.
 
In all, CRCT is distributing S$10.5 million to its unit holders. The trust said its net property income grew [...]

Keppel Integrated Engineering forms JV with 2 Chinese partners

Keppel Integrated Engineering forms JV with 2 Chinese partners
 
SINGAPORE : Keppel Integrated Engineering (KIE) has signed an agreement to form a joint venture company with two Chinese partners – Tianjin Eco-City Investment & Development Company (TECID) and Tianjin Jinneng Investment Company.
 
The joint venture will explore opportunities for infrastructure projects in the Sino-Singapore Tianjin Eco-City. [...]

Oei Hong Leong launches takeover of Japan Land in S$75m deal

Oei Hong Leong launches takeover of Japan Land in S$75m deal
 
SINGAPORE: Prominent businessman, Oei Hong Leong, has launched a takeover offer for the property investment holding company, Japan Land.
 
International Capital Investment, controlled by Oei Hong Leong Foundation, is offering to buy all of Japan Land’s shares that it does not already own at 60 [...]