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Olive Tree Estates debuts on Singapore exchange

Singapore-based real estate company Olive Tree Estates Ltd. has listed on the Catalist board of the Singapore Exchange, the Mondovisione reported.

The company, which has a market capitalization of roughly S$14 million, is behind the Tagore 8 and One Commonwealth industrial developments in Singapore. It plans to develop a further industrial property in Johor Bahru, Malaysia.

According to the Dec. 29 report, the company will also be seeking out development opportunities in Indonesia, Vietnam and London, while strengthening its business in Singapore and Malaysia.

As of Dec. 28, US$1 was equivalent to S$1.34.