Property
Frasers Property to redeem S$600 million perpetual securities
FRASERS Property’s wholly owned subsidiary, Frasers Property Treasury (FPT), is redeeming S$600 million fixed-rate subordinated perpetual securities. It will be redeemed at S$250,000 for every S$250,000 in nominal amount...
Property developer CDL launches share buyback exercise
CITY Developments Limited (CDL) initiated share buybacks for its ordinary shares on the open market on Friday (Mar 8), citing its discounted share value as a reason. The property...
Chinese insurers warn of debt risks at property giant Vanke
SOME of China’s largest insurers are sounding an alarm over the debt risks of China Vanke, according to people familiar with the matter, as shares and bonds of the...
Brokers’ take: Maybank downgrades PropNex to ‘hold’, sees limited upside as property deals slow
MAYBANK downgraded PropNex to “hold” from “buy” and lowered its target price by 18.3 per cent to S$0.94 from S$1.15, as it sees limited upside on the stock. The...
Aspial Lifestyle unit ups stake in property debt investment platform BigFundr to 70% from 15%
ASPIAL Lifestyle’s fully-owned subsidiary Maxi-Cash Capital Management (MCCM) is raising its stake in real estate investment platform BigFundr to 70 per cent from the current 15 per cent. In...
First Sponsor H2 net profit plunges 96.8% to S$1.9 million on lower property handover volume in China
Despite the falls, the group, which has operations in China and the Netherlands, said its overall gross margin for the period remained fairly consistent at 45.2 per cent, compared...
China state banks earmark 60 billion yuan for property projects
CHINA’S state-owned lenders have earmarked at least 60 billion yuan (S$11.4 billion) of loans for property projects eligible for support, heeding Beijing’s call to boost lending to the beleaguered...
German property bank’s investor turns short seller as crisis deepens
AN INVESTOR-turned-short seller in Germany’s embattled Pfandbriefbank on Friday (Feb 16) told the company to come clean on the extent of its problem real-estate loans or risk being sucked...
