September Property Market Review

[September - 3- 2018] ESR-REIT unitholders approved a merger with Viva Industrial Trust that brings the real estate investment trust (Reit) closer towards becoming Singapore’s fourth-largest industrial property trust.

[September - 6 - 2018] Singapore to launched a new energy rating for buildings that demands higher energy-efficient standards than the 2005 building codes.

[September - 11 - 2018] Chairmen of HK listed China developers increased shares buying in their own listed companies

[September - 14 - 2018] KEPPEL Capital, through a fund managed by its subsidiary Alpha Investment Partners, has partnered Allianz Real Estate and another co-investor to acquire a prime office building in Shanghai for about USD48 million

[September - 17 - 2018] City Developments (CDL) announced on Friday that it had acquired a prime freehold Grade A commercial building in London for £183 million (SGD328 million)

[September - 19 - 2018] CapitaLand is adding multifamily apartments as a new asset class to its portfolio as it acquired 6 properties in the United States for USD835 million

[September - 21 - 2018] China home developer issues new USD senior notes. China's biggest home builder Country Garden issued two new USD senior notes today - USD 425 million notes with interest rate 7.125% due January 2022 notes and(b) USD 550 million with interest rate of 8.000% due January 2024

[September -30 - 2018] Keppel Land appoints Tan Swee Yiow, CEO of Keppel Reit Management, to be new CEO from January 1; while Paul Tham, the deputy CEO of Keppel Reit Management, will assume Tan's role as chief of Keppel Reit management.