|Bid||3.5400 x 0|
|Ask||3.5500 x 0|
|Day's range||3.5400 - 3.5800|
|52-week range||2.9800 - 3.7200|
|Beta (3Y monthly)||0.95|
|PE ratio (TTM)||9.03|
|Earnings date||6 Aug 2019 - 13 Aug 2019|
|Forward dividend & yield||0.12 (3.39%)|
|1y target est||4.07|
Here's an assessment of significant events that occurred at Ascendas Real Estate Investment Trust (SGX: A17U) in its last financial year.
Is CapitaLand Mall Trust (SGX: C38U) the better choice for investors than CapitaLand Commercial Trust (SGX: C61U)? Find out here.
Ho Bee Land Ltd (SGX: H13) is gradually shifting its business model to that of recurring rental income. Should investors cheer this move?
Investors will get a better overall understanding of CapitaLand Ltd (SGX: C31) and its multiple business divisions.
In response, OCBC has raised its FY19 and FY20 DPU forecasts by 0.5% and 2%, respectively, based on projections for the development’s retail and office components to contribute 3.2% and 7.6% of FY19 and FY20 net property income (NPI) forecasts in aggregate. In a Thursday report, analyst Andy Wong says he believes the pre-committed occupancy of 92% for Funan’s retail component is a firm commitment level that bears testament to the development’s unique positioning and CMT’s strong marketing efforts.
Following a three-year redevelopment, Funan is set to open its doors to the public on June 28, two months ahead of its original schedule.The revamped mall will be offering shoppers an experiential and activity-based experience with more than 180 brands centred around the themes of tech, craft, play, fit, chic and taste. Around 30% of the mall’s tenants are new-to-market brands, new concept stores or flagships. Funan to welcome shoppers on June 28 (Picture Credit: CapitaLand)Consumer tech company Dyson will have its first standalone store at Funan while folding bikes manufacturer Brompton Junction will debut its Southeast Asia flagship store. Meanwhile, Golden Village will unveil a seven-screen multiplex with Virtual Reality pods showcasing popular games and cinematic content.Funan will also showcase local talent with more than 60% of the brands originating from Singapore. These include brands such as artisan jeweller Carrie K, fashion brand Love Bonito and socially conscious footwear brand Another Sole.More than 30% of the mall’s brands are new to CapitaLand’s portfolio. To date, Funan has achieved about 92% occupancy for its retail leasing.“The robust demand for Funan’s retail space comes on the back of a strong pre-leasing commitment of 98% for its twin office blocks,” says Tony Tan, CEO of CapitaLand Mall Trust Management.He adds: “With a clear focus on offering differentiated experiences and connections that are not replicable online, Funan aims to anchor and grow its own community of followers who will keep returning.”See Also: * Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools * CRCT to acquire three CapitaLand malls in China for $505 mil * CapitaLand wins international retail award for Raffles City Hangzhou * CapitaLand forms new executive committee, business structure * CapitaLand's One Pearl Bank goes green * En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc * HDB Resale Flats Up For Sale, Affordable Units Available
CapitaLand’s Raffles City Hangzhou is the World Gold Winner in the Retail category at the 2019 FIABCI World Prix d’Excellence Awards. The ceremony was held in Moscow on May 30.This is the third time the property giant has come out on top in this category, previously clinching the prize in 2013 for ION Orchard Singapore, and again in 2015 for Raffles City Chengdu. According to the developer, the annual awards are considered “one of the most reliable indicators of a development’s worth and its impact on the future of commercial real estate”. Designed by world-renowned architect Ben van Berkel of UNStudio, Raffles City Hangzhou features two gently-rotating towers inspired by the ebb and flow of the iconic Qiantang River nearby (Pictures: CapitaLand) “This is the second Raffles City development in China after Raffles City Chengdu to clinch the prestigious award, underscoring the high and consistent quality of our signature Raffles City portfolio,” says Lucas Loh, president and CEO of CapitaLand Group, China.Raffles City Hangzhou is in Qianjian New Town and is the city’s municipal commercial and leisure centre. The 3.23 million sq ft, mixed-use development has six components comprising a shopping mall, Grade-A office, luxury residences, SOHO apartments, serviced residences, and a hotel. It is also the largest operational Raffles City development under the company’s portfolio. Lucas Loh, president & CEO of CapitaLand Group China (second from the right) accepting the “World Gold Winner”’ award in the Retail Category for Raffles City Hangzhou at the FIABCI World Prix d’Excellence Awards The two-year old development has maintained an average occupancy of 97%. The building features twin 60-storey towers inspired by the nearby Qiantang River, with 360-degree views of the city’s new CBD along the river. More than 10,000 glass panels and 100,000 aluminium panels contribute to the visual effect of the building, which was designed by Ben van Berkel of UNStudio.See Also: * Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools * CRCT to acquire three CapitaLand malls in China for $505 mil * Funan opens to public on June 28 * CapitaLand forms new executive committee, business structure * Crown Group unveils maiden waterfront precinct project in Jakarta * En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc * HDB Resale Flats Up For Sale, Affordable Units Available
CapitaLand has made several key executive appointments effective July 1, in line with its new business organisation structure following its Ascendas-Singbridge acquisition, it announced today.
SINGAPORE (May 24): CapitaLand is injecting two prime Shanghai office buildings into CapitaLand Asia Partners I – the group’s maiden discretionary real estate equity fund which first closed on April 22 this year – as seed assets.In a Friday filing, the group says it is divesting its interests in companies holding Innov Center to CapitaLand Asia Partners I, at a price that takes into account an agreed property value of RMB3.1 billion ($621 million).Innov Center is an office integrated development in Shanghai’s Yangpu District. CapitaLand acquired the property in 2017 to be the seed asset to kickstart CAP I.Other pipeline assets for CAP I include another Shanghai-based office development, Pufa Tower. Further, CapitaLand says it has been strengthening its portfolio by leveraging its fund management platform, adding that there will be more reconstitution opportunities for its expanded portfolio upon completing the Ascendas-Singbridge transaction.This, and other growth strategies, will be shared by the group’s senior management at an event later today that will unveil Raffles City The Bund as the name of the group’s tenth Raffles City development globally.“CapitaLand’s transformational transaction to acquire the business of Ascendas-Singbridge will strengthen our development pipeline, expand our slate of REITs and funds, and increase our scale in investment properties across geographies and asset classes,” comments Lee Chee Koon, president and group CEO of CapitaLand Group.“The enlarged CapitaLand entity will also provide us with a robust pipeline of assets to enrich our fund management platform to build scale, synergy and sustainable growth in our core markets,” he adds.
The design for One Pearl Bank has been unveiled by CapitaLand, in place of the iconic horseshoe-shaped Pearl Bank Apartments that was once the highest residential tower in the country. The new design comprises two 39-storey towers which are gently curved, linked at the roofs by sky bridges. This emulates the appearance of Pearl Bank Apartments, which CapitaLand purchased for $728 million in February last year.