21 Jan '17, 5am

Straits Trading to acquire #Japan property for S$11.6m #propertynews

The Straits Trading Company on Wednesday (18 January) unveiled plans to acquire the rights to a freehold rental residential property in Osaka, Japan for 925 million yen (S$11.6 million). This comes as the investment firm agreed to buy two companies, Nikko AM Japan Property I-I and Nikko AM Japan Property I-II, which own 100 percent trust beneficiary interest in the Japanese property. Dubbed Splendid Namba, the 14-storey property has a net lettable area of about 32,214 sq ft and comprises 120 apartments. It was completed in March 2015 and has an occupancy rate of 95 percent as at end-December 2016. Situated near the metro line, the property is easily accessible to the prime shopping area of Shinsaibashi and the Namba business district. In a statement, Straits Trading revealed that the consideration will be funded by bank borrowings and internal resources. “The transaction p...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

Tweets

Straits Trading to acquire Japan property for S...

propertyguru.com.sg 19 Jan '17, 9am

The Straits Trading Company on Wednesday (18 January) unveiled plans to acquire the rights to a freehold rental residentia...

Cop or drop?

Cop or drop?

hypebeast.com 20 Jan '17, 11pm

Earlier this January, mastermind JAPAN teased photos of a brand new footwear collaboration with Converse Japan. This time ...

CEA slaps property agency with $7,500 fine

propertyguru.com.sg 20 Jan '17, 6am

Property agency Square Yards was fined for failing to draw attention to the risks of overseas property investments. (Photo...

Tucows to acquire eNom from Rightside

opensrs.com 20 Jan '17, 1pm

We issued a press release today announcing that Tucows has agreed to acquire eNom from Rightside . By bringing together Op...

Your Super guide to themed cafes in Japan - The...

straitstimes.com 23 Jan '17, 5am

JAPAN (INQUIRER ) - In a country where novelty is the norm and cuteness is king, these places stand out in more ways than ...

#Japan enters uncharted waters as emperor's abd...

straitstimes.com 22 Jan '17, 2am

TOKYO (Reuters) - Japan is moving to adopt a law allowing its octogenarian Emperor Akihito to abdicate but many touchy top...

The Mysterious Case of Japan's Bitcoin Trading ...

cointelegraph.com 18 Jan '17, 12pm

Japan is an interesting country when it comes to Bitcoin. Not only does Japan treat Bitcoin like money, it is all set to e...

UOL to acquire freehold site at 45 Amber Road f...

propertyguru.com.sg 24 Jan '17, 5am

Amber Road (Photo: Christopher Chitty) UOL Group has been granted by Sin Lian Huat Co an option to purchase a freehold sit...