On the other hand, buyers were waiting to enter at more attractive prices amid the likelihood of a global recession.
Ascendas Reit was also noted as an active player in investment sales during the quarter due to its S$102.9 million acquisition of a 25 per cent stake in Galaxis. The real estate investment trust also sold Wisma Gulab to Heap Seng Group for S$88 million and 25 Changi South Street 1 to Hao Mart for S$20.3 million.
However, the decline in interest rates may lead to a rapid return on investment activity in 2021 once investor sentiment recovers.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong’s richest man made early Zoom bet that’s now worth US$3 billionHong Kong's richest man Li Ka-shing, called “Superman” by his admirers, was an early investor in Zoom Video Communications and owns about 8.6% of the company.
Source: YahooSG - 🏆 3. / 71 Read more »
Drowned out by pandemic, a muted victory for Joe Biden[WASHINGTON] Barack Obama celebrated the kickoff of his 'historic' White House challenge before thousands of ecstatic supporters. Hillary Clinton also marked her 'milestone', as the first woman nominee of a major US party, to thunderous applause. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hong Kong’s richest man made early Zoom bet that’s now worth US$3 billionHong Kong's richest man Li Ka-shing, called “Superman” by his admirers, was an early investor in Zoom Video Communications and owns about 8.6% of the company.
Source: YahooSG - 🏆 3. / 71 Read more »
Exclusive: Macy's taps Lazard to bolster finances as coronavirus saps sales - sourcesMacy's Inc has hired investment bank Lazard Ltd to explore options for bolstering its finances after the department store operator lost most of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »