Market Snapshot
Singapore stocks opened lower on Wednesday. STI fell 0.2%; AEM SGD, Top Glove up over 2%; UMS, OUEREIT, Centurion, Frencken up over 1%.
Stocks in Focus
$Keppel Infrastructure Trust(A7RU.SI)$ (KIT): The trustee-manager on Wednesday said it has acquired a 45 per cent stake in second German solar portfolio from Enpal for 34 million euros (US$39.2 million). The deal will be executed via a special purpose vehicle, with the venture slated to increase KIT’s total renewable energy portfolio capacity by about 205 megawatts to around 1.4 gigawatts. Units of KIT closed down 3.7 per cent or S$0.02 at S$0.525 on Tuesday.
$Mapletree Logistics Trust(M44U.SI)$ (MLT): It has priced S$400 million in subordinated perpetual securities at 3.5 per cent under its S$3 billion euro medium-term securities programme. Net proceeds will go towards its general corporate and working capital purposes, including the refinancing of its S$400 million fixed-rate subordinated perpetual securities, said the manager in a bourse filing on Tuesday. The securities are perpetual with no fixed redemption date. Units of MLT ended Tuesday flat at S$1.23, before the announcement.
Centurion: The company on Wednesday said it was awarded a tender for a purpose-built dormitory site at Kranji Close, Singapore. The site covers about 22,079 square metres and has a gross plot ratio of 3.0, allowing for a development with a capacity of 7,000 beds. It is held on a 30-year lease. The tender closed on Jun 12, and drew 10 bids, with Centurion’s bid of S$343 million being the highest. Shares of Centurion ended flat at S$1.58 on Tuesday.
CapitaLand China Trust: Its distribution per unit fell by 1.6 per cent to S$0.0245 for its first half ended Jun 30, 2026, from S$0.0249 the year before, the manager reported on Wednesday. Revenue was down 4.4 per cent at S$152.3 million for the half-year period, from S$159.2 million in the year-ago period. Units of CLCT closed flat at S$0.655 on Tuesday.
GuocoLand: A tie-up between GuocoLand and Hong Leong Holdings unit Intrepid Investments was the sole bidder for a condo plot on the former Keppel Club site on Tuesday. Its bid of S$576.78 million is equivalent to S$1,515 per square foot per plot ratio for the 99-year leasehold site. It can yield about 415 private homes. Shares of GuocoLand rose 0.4 per cent to close S$0.01 higher at S$2.29 on Tuesday, before the news.
SG Local News
Singapore Proposes Lower En Bloc Sale Thresholds to Revive Aging Properties and Commercial Sites
Proposed adjustments to Singapore's collective sale rules could give aging developments on large sites, which have historically failed to gain sufficient owner backing, a renewed opportunity for redevelopment.
Industry experts noted that these changes could be particularly transformative for strata-titled commercial buildings.
The amendments, announced by the Ministry of Law on Tuesday, would reduce the required consent level for an en bloc sale to 65% for properties over 60 years old, and to 70% for those aged between 40 and 59 years.
Singapore Lawmakers Question Plan to Bulldoze Forests for Homes
Singapore lawmakers raised questions over plans to build homes on two forested sites, reopening a debate over how the land scarce city-state should balance its housing needs with environmental conservation.
The government last month announced plans to clear about 15 hectares of greenery in Maju Forest and a forested area around arts enclave Gillman Barracks for new housing developments. The proposals have sparked online petitions and spirited responses from environmental groups, residents and lawmakers from both the ruling party and main opposition Workers’ Party.
“We will proceed, but how we build is important,” Minister of State for National Development Alvin Tan said in parliament on Tuesday, as he fielded questions from lawmakers. Development plans have yet to be finalized and the government will continue engaging the public, he added.
