Commercial Property

Sino Construction issues profit warning on FY11 results

As revenue from its newly acquired thermal plant operator RELI fell short of expectations. Read ››

Second Chance Properties to reward $50,000 to whistleblowers

It won’t be giving fraudulent employees any second chances. Read ››

Real estate lending to pose threats to 2012 transactional volumes

But despite ‘debt threats,’ Jones Lang LaSalle still estimates volumes to be stable at around $400b. Read ››

Which real estate sectors are hot for investors?

Retail is continuing the inroads it has made in recent years, reaching almost 30% of total transactions in 2011. Read ››

Tuan Sing Holdings’ revenue plunges 70% to $240m in 2011

As revenue from its property segment dropped 25% last year. Read ››

Frasers Commercial Trust clarifies issue on acquisition of Caroline Chisholm Centre

The group issued a statement to clarify a report published in the Australian Financial Review. Read ››

FCOT's average occupancy rate still high at 97.6%

Frasers Commercial Trust's 1QFY12 results were in line with OCBC's expectations. Read ››

Mapletree’s revenue jumps 11% to S$50m in 3Q11

The partial opening of the Alexandra Retail Centre last December greatly contributed to the group’s gross revenue. Read ››

Starhill Global REIT’s revenue surges 9% to S$180m in FY11

As its Singapore portfolio contributed more than half of its total revenue in 4Q11. Read ››

What you need to know about investing in strata offices in 2011

Should you make the move from residential to office property investment this year ? Read ››

Ascendas India Trust bruised by currency swing

Topline growth shrunk to 2% yoy as the Singapore dollar strengthened vs. Read ››

Parkway Life REIT’s revenue jumps 6% to S$23m in 4Q11

Revenue growth was driven by higher rent from the Singapore Hospital Properties. Read ››

Hersing Corporation’s Business Development Director resigns

Kenneth Chong Tse Meng was General Manager for Dozz Pte Ltd. Read ››

Rentals for office space up 0.3%

Said increase in 4th Quarter 2011 however was lower than the 0.9% increase in the 3rd Quarter. Read ››

Mapletree’s revenue surges 25% to S$66m in 3Q11

As renewal rental rates of its warehouses were higher than those achieved in 3Q10. Read ››

Hwa Hong Corporation issues profit warning for 4Q11 financial results

As trading of its investment securities did poorly in the last quarter of 2011. Read ››

Office vacancy rates breach 5% mark in Q411

Rental and capital gains dip even further. According to Savills Research Singapore, after enjoying vacancies below the 5.0% mark for five consecutive quarters, CBD Grade A offices saw vacancy rates rise to 6.9% in Q4/2011. Read ››

How CapitaCommercial Trust is surviving the slowdown

The trust wields a few trump cards to counteract declining occupancy in its office spaces. Read ››

What you need to know about Keppel Land

After selling its OFC and acquiring a 51% stake in a Beijing commercial site, how is the developer faring? Read ››

Suntec REIT results decent: OCBC

There were improvements in occupancy amidst negative rental reversions in Suntec REIT’s office portfolio. Read ››

CapitaCommercial Trust’s distributable income down 3.7% to S$212.8m

And topline came in at S$361.2m, tracking closely to OCBC’s expectations of S$362.7m. Read ››

Analyst warns Ascott Residence Trust to brace for flat growth in Singapore

So if not Singapore, which countries will likely exhibit continued growth? Read ››

What does 2012 hold for CapitaCommercial Trust?

CCT can limit a downside leasing risk as only 7.9% of its office leases by portfolio gross rental income is due for renewal. Read ››

Standing tall: Keppel Land beats 2010 profits

2011 performance was even better as net profit expanded nearly 30% to $1.37 billion. Read ››

What's the saving grace of CapitaMall Trust?

Lower occupancies are darkening the short-term horizon for its existing malls but DBS sees an offsetting upside. Read ››

Keppel Land finally penetrates Beijing commercial space

Developer purchases its first ever commercial development in the capital's business district. Read ››

Shops back at Causeway Point after renovation exodus

Frasers Centrepoint Trust’s 1QFY12 revenue climbs up by 30% YoY as occupants go back to renting space inside the mall. Read ››

Tenants, where art thou?

Occupancy rate in the Raffles Place/New Downtown micro-market plunged below 90% for the first time since 2005. Read ››

CBD Grade A office rents fall 1.6%

The average rent was at S$8.93 per sq ft per month in the fourth quarter of 2011. Read ››

Robust year ahead for Ascendas REIT

As positive rental reversions of 6% - 28% were achieved across all its industrial subsectors in 3Q12. Read ››

CapitaMall Trust net property income up 4.8%

It achieved NPI of S$418.2m for the whole of 2011. Read ››

Strong brake on Chinese property investment: OCBC

But will it reach abysmal single-digit growth in 2012? Not really, if China pulls off its huge public housing pipelines without a hitch, but the choke on property investment will be substantial. Read ››

Firms betting big on Shanghai commercial property

Even residential developers like Yanlord are padding their office and retail portfolios, says Colliers. Read ››

Luckier than ever: CIT’s DPU seen to shoot up by 12% in 2012

2012 is bound to be “one of the most exciting years” for Cambridge Industrial Trust since listing in FY06, according to an analyst. Read ››

Westgate mall and office openings dated

Shopping mall opens up in Christmas 2013 while the office space will be operational in late 2014. Read ››

Investors unanimously bearish on Singapore property: CIMB

Bleak market outlook adopted as steep price declines hit the residential sector. Read ››

Expect further downward pressure on rents: CBRE

Office vacancy rate increased by 40 basis points over Q4 as a result of weakening demand. Read ››

Acquisition might not always be an option for IREITs in 2012

OCBC expects industrial REITS to adopt a more cautious stance on their acquisition plans. Read ››

Tepid response to Mount Vernon Road tender explained

CBRE and Colliers International cite three possible culprits to the lukewarm bidding results. Read ››

Industrial rents stagnated in 2H11

As rental growth for industrial space eased to 4.9% in 2011. Read ››