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Cambridge REIT (BUY; Target Price: S$0.65) Cambridge REIT (CREIT) reported a 10 per cent and 9 per cent YoY rise in topline and net property income to S$21.5 million and S$18.4 million respectively. Growth was largely attributable to the additional income from the acquisition of six properties a year ago, organic growth from rental escalations...
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Singapore Land Secures Farrer Drive Tender Singapore Land Limited Wednesday announced that its subsidiary, Singland Development Pte Ltd, has been awarded the tender for the land located at Farrer Drive. According to the conditions of the tender, the 67,000-odd square feet land is priced at S$113.2 million or equivalent to S$1,049 per square feet. The...
