April Property Market Review

[2017- April - 26] CapitaLand achieved profit after tax of SGD386.8 million in the first quarter of 2017, 77.2% higher than the same quarter a year ago. The developer attributed the gain to improved operating performance and higher portfolio gains.

[2017 - April - 22] CapitaLand Retail China Trust (CRCT)'s 2017-distribution per unit (DPU) for its first quarter ended March 31 up 1.1% from a year ago, income available for distribution increased 5% to SGD 24.4 million

[2017 - April - 22] Cosmetics and Skincare products retailer Sa Sa announced its fourth quarter unaudited wholesale turnover increased by 4.9% on a year-on-year basis during the January to March 2017 quarter. The Group’s retail and wholesale turnover in other markets outside Hong Kong and Macau (including Mainland China, Singapore, Malaysia, Taiwan and sasa.com) increased by 1.5% for the same period.

[2017- April - 21] GuocoLand posted a net profit of SGD29.57 million for its third quarter ended March 31, 2017, up from SGD11.31 million a year ago, in part due to foreign exchange balance sheet gains during the period

[April - 26 - 2017] CapitaLand reported it achieved profit after tax of SGD386.8 million in the first quarter of 2017, 77.2% higher than the same quarter a year ago. The developer attributed the gain to improved operating performance and higher portfolio gains [April - 22 - 2017] CapitaLand Retail China Trust (CRCT)'s distribution per unit (DPU) for its first quarter ended March 31 up 1.1% from a year ago, income available for distribution increased 5% to SGD 24.4 million

[2017 - April - 16] Tee Land said an indirect 55% owned subsidiary entered into a contract to sell Quality Hotel CKS Sydney Airport on April 13 for AUD32 million. The buyer is Australia AoBo Assets Management company [ May - 26 - 2017] China developer Agile Group said it had changed its logo with effect from 26 May 2017

[2017- April - 12] Ascendas India Trust (a-iTrust) has completed the acquisition of a multi-tenanted IT building in Hyderabad

[2017- April - 7] Construction and Building restoration company Milestone Builder debuts on HKEx. Leung Kam Fai, Chairman presenting a souvenir to Ms. Helen Zee, Member of Listing Committee of HKEx

- APMR News