Parkway Life REIT beats forecasts with gross revenue of S$11.9m
Mainboard-listed Parkway Life REIT has booked a distributable income of S$9.8 million for the first quarter. That works out to a distribution per unit (DPU) of 1.62 cents. All in, gross revenue hit S$11.9m on the back of sustained demand for private healthcare. The REIT’s portfolio includes Mount Elizabeth Hospital, Gleneagles Hospital and East Shore … Read more
UOB Q1 profit up, loan growth may slow
United Overseas Bank, Singapore’s second-biggest lender by assets, posted a 2.1 per cent rise in quarterly profit, broadly in line with market forecasts, but the bank warned that loan growth could slow this year. UOB’s January-March net profit rose to $529 million (US$389.5 million) from $518 million a year ago The first quarter saw double-digit … Read more
EDB’s $20m scheme for solar tech in new buildings
PRIVATE property developers looking to build green buildings, can now tap into a S$20 million scheme to encourage the use of solar technologies in new building projects. The Solar Capability Scheme (SCS) was launched by the Economic Development Board (EDB) on Tuesday. The SCS is the latest programme by the Clean Energy Programme Office (CEPO). … Read more
Developers may get grants of up to S$1m when installing solar panels
The Economic Development Board (EDB) has unveiled more details of the Solar Capability Scheme, aimed at spurring demand for clean technology and building up expertise in the new industry. The S$20 million scheme was first announced in Parliament in April by Senior Minister of State for Trade and Industry, S Iswaran. The EDB said it … Read more
Private sector to get S$20m for solar capability development
The private sector can tap on S$20 million to offset part of the capital costs of installing solar technologies in new building projects, the Economic Development Board (EDB) announced on Tuesday. The Solar Capability Scheme (SCS), launched at SEMICON Singapore 2008, is the latest programme by the Clean Energy Programme Office (CEPO). It seeks to … Read more
KReit Asia rights issue – why so slow?
THE final payment date for the ongoing KReit Asia rights issue was April 25, but applicants will have to wait until May 8 to know the outcome of their applications for excess units. Why does it take almost two weeks to announce the results of the rights issue? Surely the outcome could be published within … Read more
New Master Plan expected to see selective changes
Key sectors seen benefiting include hotels, aerospace, healthcare, transport URBAN Redevelopment Authority’s Master Plan 2008 – which will be exhibited soon – will see changes in land use and increases in plot ratios, but these will be selective and focused on growth areas, rather than a widespread upgrade in densities, DBS Vickers Securities said in … Read more
Low interest rates not likely to help housing
Income growth a better driver of housing price trends: Citi LOW or negative real interest rates are often cited as one factor supporting housing prices. But Citi believes that in today’s market, negative real interest rates will at best be a ‘cushion’ in the near term. In a report on the Singapore market, Citi analyst … Read more
Two industrial sites, good class bungalow up for sale
TWO freehold industrial sites – at 18 Howard Road and 27 New Industrial Road, in the north-eastern part of Singapore – are for sale by tender at indicative prices of $30 million ($272 per sq ft per plot ratio) and $14 million ($278 psf ppr) respectively. Charles Hoon, director of investment properties at marketing agent … Read more
JLL re-entering housing project sales business
JONES Lang LaSalle (JLL) is poised to re-enter the Singapore residential project sales business after a hiatus of about seven years. It has clinched appointments to market Floridian, a 336-unit freehold condo development in Bukit Timah by Far East Organization and Wing Tai Holdings, as well as Lippo’s Centennia Suites at Kim Seng Road. It … Read more
