29 January 2020

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.

• Colliers forecasts Singapore property investment sales to cross S$31b in 2020

  SINGAPORE property investment sales could increase by 6 per cent to S$31.3 billion in 2020 from S$29.5 billion in 2019, real estate services firm Colliers International said in its latest report.

• Wing Fong Mansions up for collective sale with S$176m reserve price

  FREEHOLD condominium Wing Fong Mansions in Geylang has been launched for collective sale with a reserve price of S$176 million, marketing agent PropNex Realty told The Business Times (BT) on Wednesday.

• Singapore property firms shut China malls, announce early closures over Wuhan virus

  SINGAPORE-LISTED property firms including real estate behemoth CapitaLand have temporarily closed, shortened the hours, or shut certain businesses at their malls in China, as precautionary measures amid the rapidly spreading Wuhan virus.

• CapitaLand closes 6 malls in China; shorter hours at remaining 45

  CAPITALAND has closed six malls in China - four in Wuhan and two in Xian - as required by local governments following the outbreak of the Wuhan virus, the property giant said on Wednesday.

• Dasin Retail Trust shortens hours, shuts businesses at China malls

  DASIN Retail Trust has taken precautions in view of the coronavirus outbreak, including shortening the business hours at its five malls in China.

• Mapletree Logistics Trust plans 22.2b yen acquisition of Japan facility

  MAPLETREE Logistics Trust (MLT) is looking to acquire an effective interest of 98.47 per cent in a freehold logistics property in Kobe, Japan, for some 22.2 billion yen (S$272.5 million), its manager said on Tuesday morning in a regulatory update.

• Elite Commercial Reit prices units at £0.68 or S$1.21 each

  ELITE Commercial Reit braved the choppy market to launch its initial public offering (IPO) on Tuesday, pricing its units at £0.68 or S$1.21 per unit, which will translate to a forecast distribution yield of 7.1 per cent for 2020 and 7.2 per cent for 2022.