Commercial Property

Fitting out an office is cheaper in Hong Kong than Singapore
19 Oct 18
The Lion City’s average fit out costs are $100 psf versus the SAR’s $94.
Frasers Commercial Trust NPI crashed 19.2% to $21.61m in Q4
19 Oct 18
Portfolio revenue in FY18 fell 14.8% to $133.8m due to lower occupancy rates in Singapore.
Soilbuild REIT Q3 NPI fell 8.8% to $16.22m
18 Oct 18
It blamed the divestment of KTL Offshore and lower contributions from properties.
Flexible working set-ups could add $54.8b to economy by 2030
18 Oct 18
This will come in the form of higher productivity and reduced opex.
Wheelock Properties to delist from SGX
17 Oct 18
It will take effect from 9 am on 18 October.
Keppel DC REIT NPI jumped 33.4% to $43.04m in Q3
16 Oct 18
Its occupancy rate stood at 93.1%.
Can Singapore cement its data centre dominance before Asian upstarts steal crown?
16 Oct 18
Heated demand for storage facilities is hit by the city's limited land supply.
Keppel REIT's NPI down 10.95% to $28.2m in Q3
16 Oct 18
Total committed space hit 1.9 million sqft.
SPH profits dropped 19.7% to $281m in FY 2018
16 Oct 18
Operating revenue from the media segment slipped 9.6% to $725.4m.
GIC to buy office tower in Paris for $741m
16 Oct 18
It has a gross lettable area of 64,500 sqm.
SPH REIT's acquisition of Seletar Mall could boost firm's DPU by 5% per annum
15 Oct 18
The acquisition cost is estimated at $500m.
SPH REIT's NPI down 1.9% to $40.98m in Q4
12 Oct 18
DPU inched up 0.7% to $0.143.
En bloc sales collapsed 90.71% to $353m in Q3
11 Oct 18
Total property sales crashed 42% to $6.5b.
Mapletree Logistics Trust likely to expand footprint into new markets
10 Oct 18
Mapletree Investments just recently bought a logistics portfolio worth $1.54b in Europe and the US.
Daily Briefing: Technologists harder to keep in Singapore's tight job market; 59 shop units in Ming Arcade up for sale at $51m
10 Oct 18
And printing startup Gogoprint raises $10.67m.
Chart of the Day: Here are the rates of flexi-space dedicated desks in CBD
8 Oct 18
Raffles Place rates are the priciest at $800.
Chart of the Day: Where are the flexible workspaces in the CBD?
8 Oct 18
Operators are ramping up their presence in Orchard Road and Beach Road.
Check out the largest co-working spaces in Singapore
4 Oct 18
One operator offers rates as low as $255 per month.
CapitaLand bags $300m sustainability loan
4 Oct 18
It can be used for general corporate purposes and not just for specific projects.
Mapletree buys logistics portfolio for $1.54b
3 Oct 18
They have a total area of 16.5 million sq ft.
UK acquisitions could boost Ascendas REIT
3 Oct 18
The shift towards online retail sales works to the advantage of logistics take-up.
CapitaLand buys 50% of co-working operator The Work Project for $27m
2 Oct 18
The operator will also occupy levels in Capital Tower and Asia Square Tower 2.
Three floors at Cecil Street office up for bulk sale
1 Oct 18
The Octagon has an indicative price of $45.5m.
Keppel in joint venture to buy Indian site for $76.27m
1 Oct 18
It aims to construct a retail and office facility.
Ascendas Reit to buy UK logistics properties for $459m
30 Sep 18
They have a gross internal area of 266,184 sq m and a full occupancy rate.
CBD Grade A office rents up 2.3% in Q3
30 Sep 18
Co-working operators remain as the most active space seekers in the area.
291 auction listings in Q3 highest since Q1 2011
28 Sep 18
But listings made by owners dropped 7.9% amidst the Hungry Ghost month.
Serangoon Road commercial building up for sale at $52m
28 Sep 18
It has a total area of 19,913 sq ft.
Sabana REIT sells Geo-Tele Centre to Ascendas-Singbridge for $99.6m
27 Sep 18
Ascendas-Singbridge intends to turn the building into a data centre.
OUE buys Jakarta CBD land plots for $150m
26 Sep 18
Their total area is about 8,000 sq m.
Enhanced Alexandra Technopark could uplift Frasers Commercial Trust
26 Sep 18
The makeover and the low rental rate of $4 psf pm could lure new tenants.
Chart of the Day: Office vacancy rates in key areas could recover from 2018
26 Sep 18
Shenton Way and Marina Bay office vacancy rates could go down to 9.4% and 8.5% on average.
Tuas South Link industrial site launched for tender
25 Sep 18
It has a site area of 5,953.3 sq m.
Sabana REIT ends rent conflict with tenant in 10 Changi South Street
24 Sep 18
It received $2.15m from the tenant.
Wheelock Properties' privatisation offer extended to 2 October
24 Sep 18
The offeror also signalled that it was investors’ final chance to accept the offer price of $2.10.
Keppel-KBS US REIT to buy US business campus for $231.43m
24 Sep 18
The Westpark Portfolio in Seattle has an occupancy rate of 97.7%.
Space supply for business parks could double by 2030
20 Sep 18
Thanks to the government's push for directives to create new industrial and tech parks.
Here's what kept Singapore from being Asia's best tech hub
20 Sep 18
The Lion City lagged behind Bangalore in growth potential measures due to its small size.
Chart of the Day: Flexible workspace operators doubled their average lease size to 26,579 sq ft in 2018
19 Sep 18
They leased just about 11,780 sq ft on average in 2015.
Daily Briefing: Ministerial pay computation unveiled amidst falsehood claims; Better wage awaits lift technicians
19 Sep 18
And a CBD shophouse is up for sale at $13.8m.

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