AF Global posted an 88 per cent drop in full-year net profit to S$926,000 from S$7.95 million a year ago, dragged by litigation fees incurred from a shareholders dispute, the property and hospitality company said on Wednesday night.
MANY people have heard of proptech (property technology) these days, but real estate agency Orange Tee & Tie has a vision to become the first "TechProp" company in Singapore, and potentially the region at some point.
CAPITALAND, which is planning to launch two Singapore residential projects this year, does not expect to actively look for opportunities in the sector unless it can get "good pricing", said the group's chief executive and president, Lee Chee Koon.
CONSOLIDATION in the real estate agency industry continues, with PropNex Realty entering into a strategic collaboration with a wholly-owned indirect unit of China Real Estate Grp (CREG) which will see it absorbing salespeople from Global Alliance Property (GAP).
FOR Singaporeans investing in real estate investment trusts (Reits), Finance Minister Heng Swee Keat's removal of the sunset clause for tax exemption on Singapore-listed Reits (S-Reits) and Reits Exchange-Traded Funds (Reits ETFs) distributions is undoubtedly welcome news.
A PAIR of adjoining three-storey conservation commercial shophouses at 44 and 46 Club Street have been put on sale, said Cushman & Wakefield on Tuesday. The properties will be sold with existing tenancy at a price of S$25 million for both shophouses, the real estate company told The Business Times.
AUSGROUP Ltd - a construction and marine services provider - plans to buy an accommodation area worth A$11.8 million (S$11.4 million) that houses staff working in the marine industry in a part of Australia.
THE Real Estate Developers' Association of Singapore (Redas) has given reasons why some of the property cooling measures should be revised, and at the same time called for more dialogue between the Government and property stakeholders.
THE Real Estate Developers' Association of Singapore's (REDAS) new president Chia Ngiang Hong on Tuesday suggested ways property curbs on the private housing market could be more targeted, and called for more dialogue between the government and stakeholders in policymaking.
A PAIR of adjoining three-storey conservation commercial shophouses at 44 and 46 Club Street have been put on sale, said Cushman & Wakefield on Tuesday. The properties will be sold with existing tenancy at a price of S$25 million for both shophouses, the real estate company told <em>The Business Times</em>.
REAL estate solutions company Boustead Projects on Tuesday said its wholly-owned subsidiary, Boustead Projects E&C, has won a contract worth over S$70 million to design and build an integrated advanced high-tech manufacturing facility in Singapore.