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BOUSTEAD Projects Limited's 51 per cent-owned JV company, BP-TPM LLP, is buying IBM’s manufacturing facility in Tampines for S$77.4 million.

SINGAPORE (Oct 1): BP-TPM, a 51%-owned joint venture of Boustead Projects, has entered into a sale and purchase agreement to acquire the leasehold interest of an industrial building at 6 Tampines Industrial Avenue 5 for a purchase price of $77.4 million, excluding stamp duty and GST. The property i...

BOUSTEAD Singapore's industrial real estate unit, Boustead Projects, could be on track for a Reit listing in as early as 2020, as existing projects under development bring its leasehold portfolio asset base to S$1 billion by next year, according to CGS-CIMB.

SINGAPORE (Sept 23): CGS-CIMB Research is initiating coverage on Boustead Singapore with an “add” recommendation and a target price of $1.00 – representing an upside of more than 36%. In an initiation report on Friday, lead analyst Ong Khang Chuen notes that the group’s real estate and e...

SINGAPORE (Aug 7): Boustead Projects reported 1Q20 earnings of $4.7 million, 53% lower compared to the $10 million in 1Q19, on absence of one-off gains from sale of 25 Changi North Rise in FY19. Earnings for 1Q19 was also affected by lower margins from current projects and a lower quantum of cost s...

SINGAPORE (June 21): Boustead Projects, the industrial property designer and building solutions provider, is now on the radar screen of CGS-CIMB Research after its order book hit a record high of $660 million. This figure comprises of values of both the company’s remaining unrecognised project re...

THE following companies saw new developments that may affect trading of their shares on Friday:

REAL estate player Boustead Projects saw earnings slip 2 per cent to S$5.7 million for the fourth quarter, amid weaker gross margins in its core design-and-build segment, coupled with depreciation costs for its Alice@Mediapolis project.

REAL estate player Boustead Projects saw earnings fall 2 per cent year-on-year to S$5.7 million for the fourth quarter ended March, amid weaker gross margins in its core design-and-build segment, coupled with depreciation costs for its Alice@Mediapolis project.