Mapletree Greater China Commercial Trust expands investment mandate to include Japan



MAPLETREE Greater China Commercial Trust (MGCCT) is expanding its investment mandate to include Japan.



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First Reit secures up to S$400 million in syndicated secured loans from OCBC



FIRST Real Estate Investment Trust (First Reit) has secured up to S$400 million in syndicated secured financing facilities from OCBC Bank, its manager Bowsprit Capital Corporation announced on Tuesday.



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Singapore slips to 8th most expensive place in Asia for mid-market home rentals



SINGAPORE continued to slide down the list of most expensive places in Asia for mid-market rentals, according to a survey by ECA International.



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Ascendas-Singbridge JV starts office tower construction in Ho Chi Minh City's first business park



URBAN solutions provider Ascendas-Singbridge and its joint venture partner, Saigon Bund Capital Partners, on Tuesday announced that construction works for an office tower in Ho Chi Minh City's first fully integrated business park has begun.



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Two Singapore Airbnb hosts to plead guilty to illegal letting charges, says lawyer



[SINGAPORE] Two Airbnb hosts charged in Singapore with unauthorised short-term letting of four apartments are expected to plead guilty next month, their lawyer said on Tuesday.



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Canada home sales hit record ahead of tougher mortgage rules



[OTTAWA] Canadian home sales rose to a record in December just before tougher mortgage rules took effect, helping make 2017 the second strongest market ever.



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Canadian housing agency shuffles management as CFO leaves



[NEW YORK] Canada Mortgage & Housing Corp replaced Chief Financial Officer Wojo Zielonka and shuffled its leadership ranks to "better address current and emerging business needs." The government-backed mortgage insurer made changes to its leadership team to ensure it continues to meet its business objectives and the housing needs of Canadians, Audrey-Anne Coulombe, spokeswoman for CMHC, said in an email to Bloomberg on Monday. "Many of our leaders have been asked to take on redefined roles." Lisa Williams, who was previously in charge of multi-unit insurance, replaces Mr Zielonka, who has left the agency. Mr Zielonka was CFO since September 2016 and worked for Ottawa-based CMHC since 2009, according to his LinkedIn profile. He couldn't immediately be reached for comment.



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China group chosen to build Croatia bridge



A CHINESE consortium was chosen to build a controversial bridge deemed vital for Croatia's tourism industry, officials said last Friday, announcing the first significant Chinese investment in the European Union member.



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Sweden's worst housing slump since 2008 likely to hurt GDP growth



SWEDEN is in the worst housing-market downturn since the global financial crisis.



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London home-sellers cut prices by most since 2009



THE prices that London home-sellers are seeking for their properties fell by the most since the financial crisis this month, at a time when prices in most of the rest of Britain are rising, industry figures showed on Monday.



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Britain's Carillion fails, forcing government to step in



BRITAIN'S Carillion collapsed on Monday after its banks lost faith in the construction and services company, throwing hundreds of major projects into doubt and forcing the government to step in to guarantee vital public services.



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Freehold Dunearn Gardens up for en bloc sale



DUNEARN Gardens, a rare freehold high-rise residential redevelopment site off Newton Road, has been launched for collective sale by public tender.



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JLL likely has world's largest 3D-enabled property portfolio



REAL estate consultancy JLL could now have the world's largest 3D-enabled property portfolio, the company announced on Monday.



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Paya Lebar Quarter signs up tenants for over half of office space



PAYA Lebar Quarter (PLQ), a S$3.2 billion mixed-use development by Lendlease, has secured tenants for more than 50 per cent of its office space.



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Aspen steps up Selangor push with RM58.8m investment



ASPEN (Group) Holdings is pursuing its third project in Selangor, Malaysia, with a RM58.8 million (S$19.6 million) investment into a commercial site via a joint venture with Selangor Agricultural Development Corp (PKPS).



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