AFTER putting it on the backburner, Keppel Land may finally be going ahead to redevelop its office asset in Hoe Chiang Road.
FRASERS Property has temporarily shut its three hotels in Germany and will also progressively close its 11 hospitality properties in the UK.
CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) is proposing to offer tenants the option to pay their rent every month instead of every quarter. It may also allow payments to be deferred by one to three months in special cases, it said in a bourse filing on Wednesday.
THE BOARD of directors and top executives at Starhill Global Reit (SGReit)'s manager will take pay cuts in light of the Covid-19 situation, the savings of which will be passed on to unitholders as part of a 10 per cent reduction in base management fees payable by SGReit for the next three months from April.
SOME HDB resale transactions continue to bust the million dollar price tag even as Covid-19 rages on, with one sold last month for a record S$1.232 million.
CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) is proposing to offer tenants a switch from quarterly to monthly rent payments, and allow these to be deferred by one to three months in special cases, it said in a bourse filing on Wednesday.
THE government is not being "anti-landlord", said Minister for Law and for Home Affairs K Shanmugam in Parliament on Tuesday.
CHINESE tycoon Tong Jinquan has sold a substantial stake in IReit Global to the real estate investment trust's key unitholders and strategic partners, Tikehau Capital and City Developments (CDL), for S$64 million.
MARKET watchers are expecting office rents in Singapore to decline in the coming months, amid the coronavirus pandemic that is showing no signs of abating.
THE impact of the Covid-19 outbreak on Singapore's central business district (CBD) Grade A office rents was not yet apparent in the first quarter this year, as rents and capital values remained flat, while vacancy tightened. This is according to research by Colliers International, released on Tuesday.
BOUSTEAD Singapore expects some projects to face potential delays due to containment measures worldwide as well as possible “significant” disruptions to the global supply chain amid the coronavirus pandemic.
IREIT Global on Tuesday said its key unitholders and strategic partners Tikehau Capital and City Developments Limited (CDL) have raised their stakes in the real estate investment trust (Reit).
THE Reit Association of Singapore (Reitas) has cautioned against putting "significant strain" on landlords' finances with a new Bill that may give businesses a reprieve from contractual obligations including rent payments, even as it acknowledged the importance of supporting tenants in the crisis.
WHILE valuations for Singapore's hospitality Reits look attractive after the counters have been driven down in recent weeks, it may be too early for investors to take the plunge just yet.
SUNTEC City said it is waiving the rents for mall tenants for a month, in line with the government's call to boost support for businesses and protect jobs during the circuit-breaker period.