14 October 2019

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.

• Tuan Sing unit sets up S$500m medium-term note programme

  SUPERLUCK Properties, a wholly-owned subsidiary of mainboard-listed property developer Tuan Sing Holdings, has established a S$500 million secured multicurrency medium-term note (MTN) programme.

• Retail, hospitality Reits get lift from tourist arrivals

  IT is likely to be another stable reporting season for Singapore's real estate investment trusts (Reits) with tourist arrivals in July and August giving a boost to retail and hospitality Reits while industrial Reits continue to be pressured by the bleak state of manufacturing activity.

• Hedging against economic uncertainties

  AMID uncertain economic conditions arising from global tensions, the prices of private residential properties in Singapore have remained resilient. 

• WeWork Singapore expansion on track even as US parent seeks new funding

  WEWORK Singapore is going ahead with its expansion plans in the Republic, seemingly unruffled by woes at its US-headquartered parent company, which is seeking a US$1 billion lifeline from Softbank Group to proceed on a major restructuring.

• 2019's healthy home sales mask uneven showing for different projects

  DEVELOPERS are heading towards healthy home sales this year, with analysts expecting them to move more than 9,000 private homes, surpassing last year's figure of 8,795 units.

• SPH Reit posts 2.1% rise in Q4 DPU to 1.46 S cents

  RETAIL landlord SPH Reit on Thursday reported a 2.1 per cent rise in distribution per unit (DPU) to 1.46 Singapore cents for the fourth quarter ended Aug 31, up from 1.43 cents a year ago.

• CapitaLand launches perpetual deal

  CAPITALAND has launched a new perpetual issue on Thursday, and orders have already exceeded S$500 million.