Property groups should sell low-yielding investment properties, go slow in raising debt 

Property groups should sell low-yielding investment properties, go slow in raising debt 

August 19, 2024 / Forbes LA /


ACCESS to debt appears fine for Singapore-listed property groups. Frasers Property announced in July that it had secured a sustainability-linked loan amounting to around S$904 million, comprising an Australian dollar tranche and a US dollar tranche.

In early June, GuocoLand issued S$180 million of three-year notes at a fixed interest rate of 4.05 per cent per annum.

In July, Ho Bee Land issued S$160 million of five-year green notes at a fixed interest rate of 4.35 per cent per annum. An entity linked to the group’s executive chairman Chua Thian Poh bought a substantial chunk of the said notes.

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