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Market Chatter: Singapore REITs Enjoy Positive Performance in Q3
HDB Resale Volume Drops 14.9% MoM in September
NTT Considering $1 Billion Data Center REIT Listing In Singapore
Yanlord Land Group (SGX:Z25) Adds S$68m to Market Cap in the Past 7 Days, Though Investors From Five Years Ago Are Still Down 58%
Singapore's Prime Office Vacancies Jump to Highest Since 2022
Demand shrinks, Singapore's high-end office vacancy rate hits its highest level in over two years.
The high-end office market in Singapore is showing signs of softening, with the increase in new space pushing the vacancy rate to the highest level in over two years, while the rent surge has also lost momentum.
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101562138 : nav mostly consist of unsold units and land. cash on hand barely pay off the debt. if no more stimulus and property market downfall continues, it may follow the footstep of country garden.
Fred189sg OP 101562138 : noticed the crown jewel is the 65k sqm UE Square comprising Office, Hotel and Commercial. 3k psqft = $2.3bln. Collectively the assets in Singapore, bulk of it belongs to United Engineers which it acquired in 2019/2020 at a discount to its NAV. Those assets collectively is more than $3bln. 50% gearing on these assets would have net equity of more than $1.5bn, which is the current market cap.