Commercial Property
Bob Tan to retire as board chairman of CapitaLand Ascott Trust
Lui Chong Chee will succeed Tan on 22 April 2024.
KORE to post a 34.3% distribution yield following the end of its 2-year distribution halt
KORE’s aggregate leverage as of December 2023 is 43.2%.
Frasers Property Treasury to redeem $600m perpetual securities
The redemption is scheduled for 11 April.
What Singapore’s property developers can learn from Japan’s Azabudai Hills
The US$4b development seeks to become an international hub for foreigners and VCs.
Singapore, Southeast Asia draw in investors, global occupiers
The Lion City enjoys strong office leasing activity.
3-storey shophouse at 35 Kreta Ayer Road up for sale
The property has a guide price of $21.5m.
Digital Core REIT boosts stake in Frankfurt data centre to 49.9%
It acquired the additional stake for €117.0m ($170.6m).
Cuscaden Peak divests The Seletar Mall for $550m
Cushman & Wakefield and JLL brokered the sale of the mall.
Hwa Hong Corporation Limited sells Oneten Paya Lebar to BDx
The site has a gross floor area of approximately 155,503 sq ft over eight floors.
6-storey industrial campus in Tampines for sale for $400m
The property is for sale via private treaty.
6 commercial units within Peninsula Plaza are up for sale via EOI
The units have a guide price of $8.6m-$9.0m.
Will lower LBC rates in the CCR boost en bloc sales?
Sector 43 recorded the largest LBC drop for non-landed homes at 19.2%.
CapitaLand India Trust completes acquisition of BlueRidge 3 Phase 1 in Pune for ₹7.73b
CLINT now has three business parks in Pune.
SLA revises land betterment charge rates
The agency made adjustments for five use groups.
OUE’s net profit drops 57.3% to $81.1m in FY23
Despite the decline, the company declared a special dividend of $0.02.
2-storey conservation bungalow in District 15 hits market
The guide price for the property is $54.5m.
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