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Singapore Land group
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Godwinlow
Elite |
01-Jun-2026 09:42
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TODAY 1 JUNE 2026, ANY DAY IN JUNE IS THE ANNOUNCEMENT OF APPROVAL OF MARINA SQUARE REDEVELOPMENT! | ||||
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Godwinlow
Elite |
13-May-2026 21:37
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Now need to wait cebu pacific airline to be in cash flow trouble. high oil price, weak peso, high inflation, domestic demand to weaken. force JG summit to sell Singapore land group shares.
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Godwinlow
Elite |
13-May-2026 21:31
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Gokongwei-led diversified conglomerated JG Summit Holdings Inc. reported an 8% decline in its core net income for the first quarter of the year, dragged by interest expenses from debt absorbed from its discontinued petrochemical unit and softer sugar prices in its commodities unit. The company&rsquo s core net income after taxes eased to P6.9 billion, while its reported net income grew 19% to P5.2 billion to reflect the reduction in losses from the discontinued petrochemical operations. Consolidated operating profits climbed 9% to P17.1 billion. ADVERTISEMENT Consolidated revenues increased 7% to P93.3 billion, on the back of higher passenger numbers in its air transport subsidiary Cebu Air Inc. and higher recognized residential revenues in its real estate arm Robinsons Land Corp. (RLC). &ldquo (W)e are now navigating a period of heightened geopolitical and macroeconomic uncertainty. Rising fuel costs and peso depreciation are creating dual pressures &mdash compressing margins while simultaneously weighing on consumer purchasing power,&rdquo JG Summit president and chief executive officer Lance Gokongwei said in a regulatory filing Read more: https://www.gmanetwork.com/news/money/companies/987449/jg-summit-q1-core-net-income-down-8/story/ More stories: https://www.gmanetwork.com/news/ Follow us: https://www.facebook.com/gmanews/ |
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Godwinlow
Elite |
13-May-2026 21:31
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JG Summit Holdings Inc. (JGS), the flagship of the Gokongwei Group, posted a three-percent improvement in recurring income last year but suffered a net loss of ₱ 87.9 billion due to losses related to the shutdown of its petrochemical business. 1.83 billion sgd wipe off in value! |
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Godwinlow
Elite |
15-Apr-2026 21:40
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Rumors on the market, Q4 of 2026 is speculated to be uol-Singapore land group REIT listing. | ||||
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Godwinlow
Elite |
08-Apr-2026 14:11
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UOL and Singland office assets have reached over 97 percent of occupancy, its has been stablized. Time for a REIT listing!!!! | ||||
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Godwinlow
Elite |
21-Mar-2026 09:55
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Or when singland do a reit, Hong Kong land will be one of the fund to invest with
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Godwinlow
Elite |
21-Mar-2026 09:45
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2025 was a landmark year for Hongkong Land, as we took significant steps to reshape our business and build investment capacity to advance our ambition to become the leader in Asia&rsquo s ultra-premium integrated commercial property sector. While operating conditions remained challenging in some market segments, we delivered on several significant capital recycling initiatives, established our inaugural private real estate fund, continued to drive operational excellence across our core portfolios, and proactively managed costs to further strengthen our financial position We made substantial progress on capital recycling in 2025. Completed or announced net proceeds recycled as at the end of February 2026 totalled US$3.6 billion, including the disposal of certain floors of One Exchange Square to the Hong Kong Stock Exchange (US$0.8 billion), the recycling from the build-to-sell segment and other assets (MCL Land: US$0.7 billion Chinese mainland & others: US$0.8 billion), as well as the formation of the Singapore Central Private Real Estate Fund (&lsquo SCPREF&rsquo ) and resulting disposal of our 33⅓ % interest in Marina Bay Financial Centre Tower 3 (&lsquo MBFC Tower 3&rsquo ) in Singapore (US$1.3 billion). This represents 90% of our target to recycle at least US$4 billion by the end of 2027. The fund represents a significant milestone in the execution of the Group&rsquo s strategy to build a scalable third-party capital platform, broadening our investor base, and diversifying income through fee-based revenues. As the manager of SCPREF, the Group intends to pursue growth opportunities of prime commercial properties focusing on the Marina Bay and Orchard Road districts. The Group&rsquo s development pipeline reflects our strategic pivot toward ultra-premium commercial properties in Asia gateway cities and positions us for significant future rental growth as assets reach completion and stabilisation. Looking ahead, the Group remains relentlessly focused on executing its strategy and progressing towards its long-term objectives. Having established deal sourcing and fundraising capabilities, as well as its inaugural private real estate fund, the Group is actively assessing both new integrated commercial property projects, as well as acquisition opportunities to grow SCPREF. Efforts to recycle capital from selective parts of the Group&rsquo s balance sheet and generate cash from the sale of build-to-sell inventory will continue, further increasing new investment capacity. As we enter the next phase of our multi-year journey, we will continue to ensure the Group maintains a strong financial position, as well as a disciplined and consistent approach to capital allocation
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Godwinlow
Elite |
21-Mar-2026 09:36
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Will Hong Kong land buy into Singapore land group? Its anyone guess, given Suntec reit and Singapore land group is about the same, office. And it too is undergoing strategic change, Marina Square redevelopment
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Godwinlow
Elite |
21-Mar-2026 09:34
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The company, which later eyed the acquisition of more units, amended the agreement to acquire just under 318 million units of Suntec Reit instead.
Its wholly owned subsidiary ESR Real Estate Investors has been nominated to hold the units once the acquisition is completed.
Hongkong Land said its investment in Suntec Reit was made at a discount to the trust& rsquo s net asset value of S$2.03 a unit as at Dec 31, 2025.
& ldquo The company recognises Suntec Reit& rsquo s strategic potential to unlock value across its portfolio and (its) commitment to driving sustainable long-term growth for all unitholders,& rdquo it added.
The move follows the announcement of a comprehensive strategic review of Suntec Reit& rsquo s portfolio by its new sponsor, Tang Organization. The review was carried out to strengthen the performance of the portfolio and to enhance capital efficiency, while also exploring & ldquo disciplined approaches to asset optimisation and recycling& rdquo .
Tang Organization said these would support higher distributions in the coming years, and balance the Reit& rsquo s capital management needs and long-term sustainability.
Assets under Suntec Reit& rsquo s portfolio include a 33.3 per cent interest in Marina Bay Financial Centre Towers 1 and 2, and One Raffles Quay & ndash the same assets that Hongkong Land& rsquo s new private fund, Singapore Central Private Real Estate Fund, holds a 33.3 per cent interest.
In an interview with The Business Times in early March, Hongkong Land chief financial officer Craig Beattie said that having recycled 90 per cent of its US$4 billion target and cut net debt by 30 per cent, the group now has ample balance-sheet headroom for new investments.
Last September, it sold its Singapore and Malaysian property arm MCL Land for S$738.7 million in cash. Most of the proceeds went into building a & ldquo war chest for future endeavours& rdquo .
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Godwinlow
Elite |
18-Mar-2026 14:16
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Hopefully this happens
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Godwinlow
Elite |
18-Mar-2026 09:08
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Hopefully URA will approve Marina Square redevelopment by next week. Before the end of financial year! | ||||
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Godwinlow
Elite |
04-Mar-2026 09:45
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Since 30 June 2023 to 31 December 2025, the valuation of Marin square has been 1.05 billion. Wonder is it the reason for UOL to buy cheap from singland. Definitely an agm question | ||||
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Godwinlow
Elite |
02-Mar-2026 13:18
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Meanwhile, Liam said the planning of Marina Square&rsquo s partial redevelopment was at its final stage, pending written permission from authorities. The final product will be a &ldquo hyper-mixed development&rdquo comprising homes, serviced apartments, hospitality and office space &ndash something with &ldquo great transformational contribution that can appeal to the city&rdquo . The office sector, for instance, offers an &ldquo attractive proposition&rdquo , especially with tight supply in the Central Business District. Liam believes the year ahead will continue to be uncertain amid trade and geopolitical tensions, as well as an increasingly complex and challenging operating environment. Even so, there will be opportunities in the market, and the group will be &ldquo busy combing where we can deploy (capital)&rdquo , said Liam. Singland owns 77.34% of Marina Square. It' s really time for UOL to launch an takeover of Singland. After URA Approval |
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Godwinlow
Elite |
02-Mar-2026 12:44
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Finally one supporter of Singland is here 😄
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finjungle
Veteran |
02-Mar-2026 11:42
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Ignore the noises Buy or hold when one believes in the value.
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Godwinlow
Elite |
02-Mar-2026 10:50
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Privatisation of Singland is getting louder each day
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Godwinlow
Elite |
02-Mar-2026 10:49
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As at Dec 31, 2025, the group&rsquo s net gearing stood at 0.2, from 0.23 a year earlier. Interest cover was eight times, with an average debt maturity of 2.3 years and an average borrowing cost of about 3.3 per cent. It also has unutilised credit facilities of S$3.1 billion. &ldquo We are undergeared, so by right, we should borrow more,&rdquo Ng quipped.Looking ahead, Liam believes the year ahead will continue to be uncertain amid trade and geopolitical tensions, as well as an increasingly complex and challenging operating environment. Even so, there will be opportunities in the market, and the group will be &ldquo busy combing where we can deploy (capital)&rdquo , said Liam. The office sector, for instance, offers an &ldquo attractive proposition&rdquo , especially with tight supply in the Central Business District. The domestic retail and hospitality sectors are also expected to remain stable. UOL noted that while tourism demand remains supportive, the operating environment for hotels is &ldquo challenging&rdquo due to manpower constraints and elevated operating costs.Shares of UOL closed down 6.1 per cent or S$0.69 to S$10.68 on Thursday, before the news. | ||||
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Godwinlow
Elite |
28-Feb-2026 00:22
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The upcoming Marina Square redevelopment by UOL Group and Singapore Land Group (SingLand) will yield 702 residential units, according to PropNex&rsquo s co-founder and executive chairman Ismail Gafoor. While UOL and SingLand have yet to reveal more information about the Marina Square complex since their initial announcement in December 2025, PropNex&rsquo s slides for its financial results for FY2025 ended Dec 31, 2025 mention a residential launch at the Raffles Boulevard address in 4Q2026.  According to Gafoor, the developer is keen to launch the residential component of the Marina Square complex within the year. SingLand obtained provisional permission from the Urban Redevelopment Authority (URA) in 3Q2023 for the partial redevelopment of the Marina Square complex, including rezoning a portion of the existing site for residential use. Sometime in 2H2025, SingLand submitted a revised proposal to URA. SingLand, which is majority owned by UOL, announced in December 2025 that it plans to create &ldquo Singapore&rsquo s first hyper-mixed development&rdquo from the Marina Square complex by adding a residential tower, a serviced apartment block and a mixed-use tower. See also: Who stands to gain from SingLand&rsquo s Marina Square redevelopment? The complex comprises shopping mall Marina Square and three hotels: Pan Pacific Singapore, Parkroyal Collection Marina Bay and Mandarin Oriental. The total site area stretches over some 92,197.3 sqm. The Marina Square complex is a 99-year leasehold mixed-use development with about 53 years remaining on the lease. Marina Square shopping mall, opened in 1986, is a five-storey retail mall with a net lettable area of 0.8 million sq ft and was valued at $1.05 billion as at 1H2025. SingLand has promised more details within 1H2026. See also: SingLand announces 220m-tall The Clifford, a Grade A office tower on the site of the former Clifford Centre Aside, SingLand is currently redeveloping the former Clifford Centre into a new commercial tower called The Clifford. The developer announced on Feb 26 that The Clifford will measure 220m with 405,000 sq ft of net lettable area (NLA) across 35 floors of office, retail and F& B space when it is completed in 2028. The tower will deliver a net lettable area of 360,000 sq ft of premium Grade A office space across 21 floors, complemented by 45,000 sq ft of retail and F& B offerings. In addition, a 2,000 sq ft multi-purpose hall will offer tenants a venue to host large-scale meetings, conferences and events. Designed by UK-based firm PLP Architecture, The Clifford will be the first commercial office building in Raffles Place to attain triple Platinum certifications from the Building and Construction Authority&rsquo s (BCA) Green Mark, LEED (also known as Leadership in Energy and Environmental Design) and International WELL Building Institute. PLP Architecture previously worked with UOL on Pan Pacific London and the 43-storey One Bishopsgate Plaza. The firm made its debut in Singapore with Park Nova, the luxury freehold condominium along Orchard Road by Hong Kong&rsquo s Shun Tak Holdings. |
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Godwinlow
Elite |
28-Feb-2026 00:10
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UOL Group&rsquo s most exciting project is likely to be subsidiary Singapore Land Group&rsquo s (SingLand) plans for the Marina Square complex, where three new components will be rising from the current site. &ldquo It is a very complex project that took us years in getting to where we are. Marina Square is a very strategic location in the heart of the CBD, with great waterfront views. Wth nine hectares right smack in the city, it' s got that great transformational contribution that can be availed to the city. This is actually a precinct that has got a lot of attention in terms of real estate, attraction, architecture and architect. It will be a hyper-mixed development, with three new additions,&rdquo Liam Wee Sin, group CEO, UOL emphasises. When asked if UOL and Singland are concerned about an oversupply of hotels in the precinct, Liam says: &ldquo There is room to create a hyper-mix there that makes the place much richer, much more compelling as a destination, as to even [catapulting] it to world-class standing.&rdquo Advertisement
Having a residential component at Marina Square is a departure from UOL&rsquo s modus operandi of bidding for residential sites near good schools and other amenities (such as Hougang Central). It&rsquo s a different offering, Liam suggests, a &ldquo hyper-mix&rdquo , he repeats. Unlike some of UOL&rsquo s other projects such as Thomson View, Hougang Central and the almost fully sold Skye at Holand, it is going relatively solo on the Marina Square project, with just itself and its subsidiary SingLand. Sustaining dividends with earnings growthSee also: CDL aims to divest UK development platform within 2026: CEO Sherman Kwek UOL rewarded its shareholders with an ordinary dividend of 18 cents and a special dividend of seven cents based on its earnings in FY2025. In FY2025, UOL&rsquo s Patmi rose by 34% y-o-y to $481.7 million while operating Patmi rose by 49% to $468.7 million. Group CFO Eric Ng says &ldquo we give our investors certainty in a recurring ordinary dividend&rdquo , and refers to the green bar in a slide during a results briefing on Feb 26. The green bar depicts an ordinary dividend of 18 cents. The special dividend, depicted by a brown bar, is to reward shareholders for a strong operating performance in FY2025. " We want to grow the green bar and the brown bar," Ng points out. See also: Streetscapes: Modernising Lentor As a developer, Patmi is likely to be volatile depending on completions. However, with its ' buy, sell and hold' strategy, it regularly recycles investment properties as well as turning its capital through residential property development. For instance, in FY2025, UOL divested Kinex, ParkRoyal Yangon and ParkRoyal Saigon, Vietnam. In addition, it had strong launch performances and higher progressive revenue recognition from ongoing projects. Hence the group is able to reward shareholders. In 2023, following the sale of ParkRoyal Kithchner, UOL announced a special dividend of five cents. During the results briefing on Feb 26, analysts asked questions around UOL&rsquo s equity base, its relatively low gearing, and whether there is an inclination to raise ROE, given that its ROE is around 3%. &ldquo For a developer like us, from a peer comparison point of view, we&rsquo re about there (in terms of ROE). A lot of the developers have a big equity base. We distribute about half of [Patmi], the other half of it, we will use to pursue investments that give us a good return. So as long as we continue doing it, we believe we can create value for shareholders and continue to improve on the dividend payout,&rdquo Ng explains. Ng, who joined UOL from Keppel, pointed out that developers are likely to have a higher equity base than asset managers. &ldquo If you look into the breakdown of our cash holdings, a big part of it is in residential projects. We are regulated by the regulators to hold these monies until the completion of the project,&rdquo he says referring to the requirement to keep cash inflow from progressive payments in escrow accounts. UOL also has funds from sales in China. In 2025, it invested in a 10% stake in The Puyuan in Shanghai. In Singapore, UOL deployed capital to the Thomson View Condominium site it clinched in a collective sale, in partnership with CapitaLand Development. The new project is likely to be launched in the second half of this year. UOL also tied up with CapitaLand Development and CapitaLand Integrated Commercial Trust to acquire a site in Hougang Central. To stay ahead of Singapore and the region&rsquo s corporate and economic trends, click here for Latest Section During the results briefing, UOL was questioned about the potential of a REIT platform. The asset management companies have a different model, Ng indicates. &ldquo They only have a small stake in the investments they are managing and their main business is earning management fee income from those assets that they manage. We are different. We&rsquo re a very good developer. You can see our residential and commercial projects. We are very clear about who we are. In terms of future securitisation platforms, these are always options that are available to management,&rdquo he elaborates. How will UOL and SingLand pay for the extensive asset enhancement initiative at Marina Square, analysts asked. Ng, the CFO, has done his sums. He reasons that since UOL has a $16.6 billion equity base, every $1.6 billion in debt adds around 10% to gearing. Assuming it costs around $3.2 billion to finance the project, the additional debt will move UOL&rsquo s gearing towards the 0.4x to 0.5x range. As at Dec 31, 2025, UOL has around $4.5 billion of total debt, and $1.25 billion in cash. (Around $979 million of debt matures this year, hence the cash.) Excluding its cash, debt/equity would rise to around 0.44x. &ldquo There' s no need to borrow. Some of our Singapore peers [D/E] are at 70% 80% 90% in the earlier days or so before they managed to sell assets and pay down debt. So these are all market acceptable ranges,&rdquo Ng says. |
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