Commercial Property

Asset enhancements continue to make UOL attractive to investors: analysts
4 Mar 21
Additional projects may offset 2020’s plunge in net profit.
CapitaLand announces completion of Ascendas Innovation Hub transaction
1 Mar 21
AIH Co ceased to be an associate company of CapitaLand after the completion.
Elite Commercial REIT to finish maiden portfolio acquisition
1 Mar 21
It plans to issue 131.4 million units at $1.27 per unit.
UHREIT distributable income hits US$15m
1 Mar 21
This is 2% higher than the IPO forecast.
JTC unveils Woodlands Industrial Park site for development
26 Feb 21
Developers may apply for the Woodlands Industrial Park E7/E8 area.
Singapore tops Asian outbound real estate investment for third consecutive year
26 Feb 21
This accounts for S$16.05 b (US$12.1b) worth of deals in 2020.
CapitaLand records $1.57b net loss in FY2020
25 Feb 21
This is due to revaluation losses and impairments.
Roxy Pacific revenue crashes by 55% for FY 2020
22 Feb 21
The loss is attributed to impairments of hotel assets and properties.
Accor to open first Mondrian hotel in 2023
19 Feb 21
It will comprise 300 guestrooms and suites.
PRIME US REIT posts 3.42 US cents DPU in 2H 2020
18 Feb 21
Its DPU in FY2020 exceeds IPO forecasts by 3.6% to US6.94 cents.
Singapore office rental slips by 9.5% in 2020
18 Feb 21
Rental market forecasted to still be on the decline this year.
Chinese tech firms to alleviate consolidation of office spaces
16 Feb 21
Companies are still evaluating their long-term real estate space requirements.
Lendlease appoints new CEO
16 Feb 21
This comes as current CEO SteveMcCann announces his planned retirement.
Singapore economy expected to recover: JLL
11 Feb 21
Direct real estate transactions on the rise despite low volume in 2020.
Ascott expands Citadines brand in Indonesia
11 Feb 21
It has recently opened serviced residence Citadines Berawa Beach Bali.
GuocoLand reveals $319.6m revenue for H1
9 Feb 21
Gross profit margin remains stable at about 30%.
Manulife US REIT H2 DPU dropped 11.3% YoY to 2.59 US cents
9 Feb 21
Its DPU for FY2020 went down 5.4% YoY to 5.64 US cents.
Singapore ranks 5th amongst biggest data centre markets: report
9 Feb 21
This is amidst Singapore’s existing markets, dense fiber, and array of services.
Shophouse market continues to soar in 2021: report
5 Feb 21
Recovery in H2 2020 was fueled by interest from buyers as the economy opened.
Office rents to recover back to pre-pandemic levels: Colliers
5 Feb 21
CBD Grade A vacancy of 5.2% to tighten over the next two years on low supply.
COVID-19 has ‘no material impact' on portfolio to-date: FLCT
4 Feb 21
Near- to mid-term impact on retail components of the Singapore portfolio is expected.
Ascendas REIT reports 6.7% distribution amount hike for FY 2020
4 Feb 21
Meanwhile, the REIT’s gross revenue soared by 13.6% The total amount for distribution of Ascendas REIT climbed by 6.7% YoY...
Industrial space prices and rentals rebound in Q4 2020: JTC
29 Jan 21
This is due to the rise in occupancy rates during the period.
Singapore real estate market to witness growth in 2021
28 Jan 21
Prime non-landed residential segment registered $919.5m in H2 2020.
Katong Freehold commercial building up for sale
27 Jan 21
The newly built five-storey building is priced at $19m A prime Katong Freehold commercial building at 143 East Coast Road across...
CapitaLand foresees loss in upcoming FY 2020 financial results
26 Jan 21
The group’s cash PATMI is expected to fall by 35% to 45%.
Frasers Property eyes being carbon-free by 2050
22 Jan 21
The company revealed five sustainability-related goals.
CICT's NPI up 36.4% to $191.9m in Q4 2020
21 Jan 21
Contribution from CCT’s assets following their merger drove CICT's rise in income.
CapitaLand names new lead independent director
21 Jan 21
Lim will also be chairman of CapitaLand’s audit committee.
Aqueen Heritage Hotel in Joo Chiat up for sale
21 Jan 21
Its indicative price is $55m.
CapitaSpring hits full height, set to open mid-year
20 Jan 21
There have been 38% committed occupancy to date.
Office rents set to fall by 5% in 2021
20 Jan 21
This is before they bottom out and recover next year.
Lian Beng Group to acquire BreadTalk IHQ for $118m
18 Jan 21
The 10-storey property has approximately 248,902 sq ft.
Mapletree, Keppel Land to launch luxury waterfront project
14 Jan 21
It will comprise of over 400 exclusive units spread across 10 residential blocks.
Singapore REIT sector raised $4.5b in secondary fundraisings in 2020
14 Jan 21
The largest placement raised was by Ascendas REIT, at $800m.
SPH REIT gross revenue up 10.8% to $66.6m in Q1 FY2021
14 Jan 21
The rise was attributed to a $12.8m contribution from Westfield Marion.
Frasers Property recognized for green initiatives
14 Jan 21
Its energy saving initiatives include reducing consumption by 20% by 2030.
Five ‘laggard' S-REITs slated to outperform in 2021
13 Jan 21
UOB Kay Hian has named five S-REITs with attractive valuations that could represent opportunities for investors.
Ascott added over 14,200 units globally in 2020
12 Jan 21
These will boost Ascott’s annual fee income by over $27m.
Chip Eng Seng warns of net loss amidst COVID-19 impact
12 Jan 21
This was mainly due to adverse effects of COVID-19.

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