FCT’s Q3 distributable income up 19%
Frasers Centrepoint Asset Management, the manager of Frasers Centrepoint Trust (FCT), on Wednesday reported the distributable income for third quarter 2008 ended June 30, 2008 rose 19 per cent from a year ago to $12.2 million (US$9.02 million). This translated to a distribution per unit of 1.88 Singapore cents versus 1.67 cents a year ago. … Read more
ART reports 10% climb in Q2 income
Ascott Residence Trust (ART) on Wednesday said that its second quarter distributable income climbed 9.6 per cent to $13.3 million (US$9.83 million), from $12.1 million a year ago. Dividend per unit came to 2.19 Singapore cents, up 9.0 per cent from 2.01 cents for the same period last year. Related articles: ART said that its … Read more
CCT open to options on Market Street carpark
CapitaCommercial Trust (CCT) has said that it is ‘open to all options’ when it comes to plans for Market Street Car Park (MSCP), and these include selling the site. CCT had obtained outline planning permission from the Urban Redevelopment Authority to redevelop MSCP into an office tower for $1 billion to $1.5 billion. In April, … Read more
CCT achieves 22.7% H1 DPU growth
CapitaCommercial Trust Management Limited, the manager of CapitaCommercial Trust (CCT), on Wednesday reported that CCT has achieved a distributable income of S$71.9 million for the six months ended June 30, 2008. This translates to a distribution per unit (DPU) of 5.19 cents, outperforming H1 2007 DPU of 4.23 cents by 22.7 per cent. The results … Read more
CapitaComm Trust announces DPU of 5.19 cents, up 23% on year
CapitaCommercial Trust (CCT) will distribute 5.19 Singapore cents per unit for the first half of this year. This is about 23% higher than the same period last year. It also exceeds the trust manager’s forecast by 4.2 per cent. The annualised distribution per unit (DPU) of 10.44 cents would provide a distribution yield of 5.5 … Read more
Ascott Residence Trust to have emerging markets form 70% of its portfolio
Ascott Residence Trust is setting itself a mid-term target of having emerging markets form 70 per cent of its portfolio. The trust’s current holdings of S$1.5 billion are split 50-50 between what it terms stable economies like Japan, and emerging ones like Vietnam. It made the comment when announcing its first half earnings on Wednesday. … Read more
Thousands throng showflats at Park Central@AMK
Some 1,200 home hunters thronged showflats at Park Central@AMK on the first day of its launch on Wednesday. Of these, 130 have already applied for the flats, which will be ready in 2011. The project is Singapore’s third condominium-style public housing, and a queue to view the showflats started forming at 5am. All 578 units … Read more
PropNex to fire non-performing agents this week
One of Singapore’s biggest real estate agencies, PropNex Realty, is firing more than one-third of its agents. According to its CEO, the move is aimed at cleaning up the profession. PropNex is firing those who have been with them for over a year, but have yet to submit a single transaction. About 2,800 agents currently … Read more
More public sector projects put on hold to ease squeeze
Move will free up resources for integrated resorts, other key projects The government will postpone construction of another $1.7 billion worth of public sector projects – on top of some $3 billion worth that have already been put off – as it looks to manage rising construction costs. With this move, the government is deferring … Read more
Positive signs for ION
With half its shopping space snapped up, it is on track to reach target for launch RETAILERS have already bagged 50 per cent of shopping space at ION Orchard, a highly-anticipated development slated to open beside Orchard MRT station next year. As for the remaining half of the 663,000 square foot of new retail space, … Read more
