Ry-anne Lim

2 weeks ago | businesstimes.com.sg | Ry-anne Lim |Benjamin Cher

[SINGAPORE] The distribution per unit (DPU) of Stoneweg European Real Estate Investment Trust (SERT) declined 3.7 per cent to 3.374 euro cents for the first quarter ended Mar 31, from 3.505 euro cents in the year-ago period. This was despite a 2.4 per cent increase in net property income to 33.5 million euros (S$49.9 million), driven by higher rental income from assets and a reversal of bad-debt provisions.

4 weeks ago | businesstimes.com.sg | Ry-anne Lim |Derryn Wong

[SINGAPORE] Teo Hock Seng, executive chairman of automotive group Komoco Holdings, has put up for auction his freehold Good Class Bungalow (GCB) along Old Holland Road for at least S$36 million. This price tag translates to a land rate of around S$1,555 per square foot (psf) on the land area of 23,148 square feet (sq ft), marketing agent Singapore Realtors Inc (SRI) said.

Jan 14, 2025 | businesstimes.com.sg | Ry-anne Lim

FREEHOLD Roxy Square will be relaunched for collective sale again, but this time, plans are under way to lower the reserve price by 10.8 per cent to S$1.12 billion, sole marketing agent JLL said on Wednesday (Jan 15). This follows the owners’ previous attempt last year, which closed with no bids in September 2024. They are now collecting signatures to get an 80 per cent mandate to cut the reserve price to S$1.12 billion, from S$1.25 billion previously.

Jan 14, 2025 | businesstimes.com.sg | Ry-anne Lim

TWO suburban residential sites saw modest interest and mostly measured bids when government tenders closed on Tuesday (Jan 14), with developers still taking a conservative tack under the current economic climate and bumper crop of land sale sites expected this year. The first private housing site to be offered in upcoming new estate Tengah attracted three bids, topped by a Hong Leong-led group at S$675 million or S$821 per square foot per plot ratio (psf ppr).

Jan 14, 2025 | straitstimes.com | Ry-anne Lim

SINGAPORE - Two suburban residential sites saw modest interest and fairly conservative bids when government tenders closed on Jan 14. The first private housing site to be offered in upcoming new estate Tengah attracted three bids, topped by a Hong Leong-led group at $675 million or $821 per square foot per plot ratio (psf ppr).