The Business Times THE BUSINESS TIMES - Find latest business and financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific and global market news and more at The Business Times.
Ascendas Reit takes 25% stake in Galaxis for S$102.9m
by Olivia Poh on March 31, 2020 at 2:45 pm
ASCENDAS Real Estate Investment Trust (Reit) on Tuesday said it has acquired a 25 per cent equity stake in business park Galaxis for S$102.9 million.
Covid-19: LMIRT to close all malls, retail spaces in Indonesia for 2 weeks
by Ng Ren Jye on March 31, 2020 at 5:47 am
LIPPO Malls Indonesia Retail Trust (LMIRT) will close its entire portfolio of 23 malls and seven retail spaces in Indonesia from April 1 for a minimum of two weeks, it said in a bourse filing on Tuesday.
JTC launches Gul Ave industrial site for application
by Rachel Chia on March 31, 2020 at 4:45 am
JTC on Tuesday launched for application a 0.58 hectare site along Gul Avenue with a 20-year tenure.
Can you really sell your house on Zoom?
by Chris Bryant on March 30, 2020 at 9:50 pm
THE UK housing market - that obsession of middle-class Brits - has been placed in suspended animation. Buyers and renters have been told to delay moving home to limit the spread of the novel coronavirus. While a few transactions are still going through, a functioning market depends on prospective buyers and surveyors being able to view people's homes. Mobility restrictions and distancing measures make that all but impossible.
CDL names veteran hotelier as group CEO of M&C Hotels
by Olivia Poh on March 30, 2020 at 9:50 pm
THE board of City Developments Limited (CDL) has appointed Clarence Tan as the group chief executive officer of Millennium & Copthorne (M&C) Hotels, effective this Thursday.
GCB in Cluny Park being sold for S$40m
by Kalpana Rashiwala on March 30, 2020 at 9:50 pm
A BUNGALOW in Cluny Park near the Singapore Botanic Gardens is being transacted for S$40 million, or nearly S$1,964 per square foot based on the freehold land area of 20,369 sq ft.
Why does Covid-19 get the blame when Eagle Hospitality Trust's woes predate it?
by Marissa Lee on March 30, 2020 at 9:50 pm
URBAN COMMONS (UC), the sponsor of Eagle Hospitality Trust (EHT) and master lessee for all of the Reit's hotels, has reneged on its latest monthly fixed rent payment to EHT, barely 10 months after selling its assets into the Reit last May.
Loyang industrial site up for sale at S$8.8m guide price
by Vivienne Tay on March 30, 2020 at 4:02 am
AN industrial site at 32 Loyang Crescent is up for sale via expression of interest, with owners seeking offers in the region of S$8.8 million, exclusive marketing agent JLL said on Monday.
Suntec City unveils second rent assistance package
by Lee Meixian on March 29, 2020 at 9:50 pm
SUNTEC City late on Friday said that in support of the Resilience Budget announced by the government last week, it will roll out a second tranche of rental assistance to more than 97 per cent of its tenants in Suntec City Mall.
SGX grants time extensions for AGMs to First Sponsor, Serrano
by Lee Meixian on March 29, 2020 at 12:23 pm
PROPERTY developer First Sponsor Group on Saturday said it has obtained permission from the Singapore Exchange Regulation (SGX RegCo) to postpone its annual general meeting (AGM) for its financial year ended Dec 2019, in light of stricter measures that limit gathering sizes to prevent the further spread of Covid-19.