Commercial Property

Hiap Hoe appoints Teo Ho Kang, Roland as Managing Director

He is also a Managing Director of SuperBowl Holdings Limited since 1995. Read ››

Singapore office spaces rank third most expensive in Asia Pacific

Average monthly gross rents for CBD Grade A office locations average to SG$8.55 per sq ft per month. Read ››

Yanlord Land Group’s pre-contracted sales grew 28.8% to SG$1.379b

Though revenue in 1Q12 was lower compared to 1Q11 as a majority of the portion of pre-contracted sales awaits recognition in subsequent financial periods. Read ››

Bund Center Investment's Director Muktar Widjaja resigns

Muktar Widjaja served the company for about 3 years. The Board of Bund Center Investment announced the resignation of Muktar Widjaja as Director to focus on current appointments. Read ››

CapitaMalls Asia and Sime Darby to develop shopping mall in Malaysia

The mall will be built on an area of about 242,000 square feet in Taman Melawati, an affluent residential district north-east of Kuala Lumpur. Read ››

First Real Estate Investment Trust's Director resigns

Markus Parmadi's appointment as Commissioner of PT Bank National Nobu forced him to quit his directorship at the company. Read ››

OUE profit down 92% to S$21.7m

To blame is the absence of fair value gains in the first quarter of 2012. Read ››

Oxley Holdings joins with Lian Beng Group to redevelop Hougang Plaza

The joint venture gave birth to Oxley Bloom. Here's from OCBC Investment Research: Lian Beng Group (LBG) announced it is forming a joint-venture, Oxley Bloom Pte. Read ››

CMT's Hougang Plaza sells for S$119.1m

CapitaMall Trust expects an approximate net gain of S$83.8m from the sales. Read ››

Ascendas seeks private placement of 150 new units

The proposed private placement is projected to have a gross proceeds of S$298.5million-S$306million. Read ››

Are office spaces doomed to be ghost towns?

Analyst says weak hiring sentiment should keep office space demand low. Read ››

City Development's Director Han Vo-Ta retires

Han Vo-Ta also cease to act as a member of the Audit and Board Committees. Read ››

Straits Trading's Chief Financial Officer retires

Ong Lee Keang Maureen (Mrs Maureen Leong) was tasked to oversee the Group's financial functions. Read ››

Koon Holdings names Ang Sin Liu as Director

The Nomination Committee deemed that his appointment will strengthen the effectiveness of the Board. Read ››

Should we be bullish on Ascendas India Trust?

Fundamentals suggest so with occupancy levels straddling a "stable" 97% and incomes growing at a qoq basis. Read ››

Singapore Land appoints Yang Soo Suan as Director

Yang is also member of the Audit Committee and member of the Nominating Committee. Read ››

No one's buying new: Zero units sold at new Sentosa properties

Ho Bee takes a beating as its 1Q12 revenue dives 51% due to unsold units at its newly completed and existing residential projects. Read ››

United Industrial names Yang Soo Suan as Director

Yang was had been a Director of RSP Architects Planners & Engineers (Pte) Ltd . Read ››

Office space rentals dip but prices stay level

1Q12 saw office space rentals dive 0.5% while average prices kept the same, but what else is in store for this property sector? Read ››

Mapletree Industrial Trust portfolio proves resilient: DBS

Its diversified industrial properties have been posting healthy reversions, occupancies and retention rates. Read ››

2 Tuan Sing Holdings' Directors retire

Kaka Singh and Patrick Yeoh Khwai Hoh both retired last 20 April 2012. Read ››

Suntec's profit up by 5% to S$49m

High occupancy rates and additional income from Suntec Singapore drove revenue up. Read ››

Was FCOT's sale of Keypoint a good idea?

Frasers Commercial Trust will lock in a S$75 million gain but was divesting the well-performing property its best move? Read ››

Tuan Sing Holdings' Executive Director retires

Chiu Man Sing was in charge to oversee the Property division. Read ››

KeyPoint divestment rewards FCOT with financial flexibility

Net proceeds from the sales, estimated at S$357.8m, could be used to strengthen the company's asset portfolio. Read ››

Frasers Centrepoint Trust profit up by 30.4% to S$26.2m

Distributable income also increased by 30.6% to S$21.3m. Higher achieved rental rates, full-quarter contribution from Bedok Point, and strong uplift from Causeway Point were major factors that contributed to these figures. Read ››

Government land will dominate 2Q12 investment sales

Private sector transactions should take a backseat until 3Q12 when macroeconomic concerns are less pronounced. Read ››

AIMS AMP Capital Industrial REIT appoints Andrew Bird as Director

Mr. Bird has worked for the company for 12 years. Read ››

CapitaCommercial's distributable income up 3.4%

Lower occupancy rate and signing office rents however drags on year-on-year gross revenue. Read ››

Industrial site at Kaki Bukit Road 5 up for sale by public tender

It’s the 3rd out of 16 industrial sites to be to be sold by the government in the first half of 2012. Read ››

Chart of the Day: Prime factory and warehouse rents peaking?

The average monthly gross rents of prime factories and warehouses rose 0.5% to 0.8%. Read ››

China property prices down in six months

Prices fell consecutively on a month-on-month basis, and declining price trend is expected to persist through end 2Q12. Read ››

CapitaMall Trust yields S$76.6m distributable income

Atrium@Orchard's enhancement works are also paying off with occupancy improved to 96%. Read ››

Ascendas REIT's net profit interest up by 13.2%

Their distributable income also grew 27.2% to S$71.9m. The profit is attributed to the completion of projects and acquisitions. Read ››

K-REIT portfolio occupancy climbs but rentals stay flat

Occupancy rose to 96.1% from 94.1% but signing rents showed no increase at S$11-13 psf. Read ››

K-REIT Asia's distributable income up in 1Q2012

Unaudited results show it increased from the previous quarter to $48.5 million due to contribution from Ocean Financial Centre. Read ››

More office space slated for completion between 2012 and 2015

About 60% of which will be located in the CBD. Read ››

Why did the Singapore office market thrive in 1Q12?

Colliers says additional buyer’s stamp duty imposed in the residential sector had investors looking for alternative asset options. Read ››

Chart of the Day: Value of Grade A office space in Raffles Place/New Downtown area holds firm

Owners of Grade A office spaces have robust sales activities to thank. Read ››

Chart of the Day: Regional Centres prime space average monthly gross rent up

The average reached $33.80 per sq ft per month after remaining unchanged for three consecutive quarters. Read ››