Real Estate
Condo Rents Decline In 2020, With One Notable Exception
Covid-19 may have left much of the Singapore property market unscathed in 2020, but the economic effects of the pandemic has undoubtably impacted investor-landlords. According to the URA Rental Index, condo rents declined by 0.5% year-on-year in 2020. The signs of a lacklustre condo rental market was also obvious in terms of rental volume, which …
KPMG Proposes Budget 2020 To Propel Singapore As Transformation Capital Of Asia
Ahead of the delivery of Singapore’s 2020 Budget Statement, KPMG has put forward its perspectives and proposals for Singapore to make bold strides towards becoming the Transformation Capital of Asia. The three key areas of focus are: leveraging digital transformation, promoting sustainable business models and providing greater support for enterprises to accelerate their transformation journey. …
CapitaLand Sets Sights On APAC REIT Market With Proposed Merger Of CapitaLand Mall Trust And CapitaLand Commercial Trust
CapitaLand has announced the proposed merger of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) to create CapitaLand Integrated Commercial Trust (CICT). With the proposed merger, CapitaLand Group will have in its stable of sponsored trusts, three best-in-class real estate investment trusts listed on the Singapore Exchange (S-REIT), with global or developed market mandates, …