Property News

THE Porcelain Hotel, a 138-key boutique hotel in Chinatown, is up for sale via expression of interest with a guide price of S$115 million, joint marketing agents CBRE and Edmund Tie said on Thursday.

THE Competition and Consumer Commission of Singapore (CCCS) has cleared the proposed merger between fund manager Logos China Investments and ARA Logistics, a unit of ARA Asset Management.

MAINBOARD-LISTED Centurion Corporation posted a 38 per cent rise in net profit to S$73.1 million for its fourth quarter ended Dec 31, 2019 from S$53.1 million a year ago. 

YANLORD Land Group's net profit for the fourth quarter ended Dec 31, 2019 surged to 2.1 billion yuan (S$417 million), more than eight times the 256.9 million yuan a year ago.

REAL estate agency PropNex on Thursday posted a net profit of S$8.2 million for its fourth quarter ended Dec 31, more than four times the year-ago net profit of S$1.8 million. 

SINGAPORE Press Holdings (SPH) is acquiring six aged care assets in Canada for some C$232.9 million (S$244.5 million), the media and property group said on Wednesday. This is the group's second investment in the aged care space announced this week.

THE Covid-19 outbreak has impacted co-working operators in different ways, with one having closed temporarily while others have suspended community events.

OXLEY Holdings' subsidiary, Oxley Gem (Cambodia) Co, is planning to seek compensation from its former contractor Sino Great Wall International Engineering Co (SGW) for damages suffered after repeated breaches of its contract.

CUSTOMERS are once again going shopping, with foot traffic - especially in the suburban malls - almost back to normal, said Lee Chee Koon, CapitaLand group chief executive on Wednesday.

CAPITALAND posted sparkling fourth-quarter results on Wednesday, with net profit almost doubling to S$926.6 million for the three months ended Dec 31 from S$475.7 million previously.