Commercial Property
MLT posts DPU of 2.271 cents in Q1 FY23/24
MLT posts DPU of 2.271 cents in Q1 FY23/24
It was 0.1% higher than the 2.268 cents recorded in Q1 FY22/23.
Owner listings grew 26.7% in Q2
Only 57 listings were recorded in Q2 2023.
Office unit at Suntec City Tower 1 sold for $11.5m
Suntec City end-users and family offices were sought by investors from China, Hong Kong and India.
Mortgagee listings keep dropping amidst a lack of buyer interest
There are 22 mortgagee listings in Q2 2023.
Property investments drop 5.7% QoQ to $3.8b in 2Q23
Colliers attributed the decline to high borrowing costs.
545 Orchard Road up for sale: CBRE
The site has a guide price of $928m.
Average monthly rents of Overall CBD Grade A offices up to $9.64 psf
Marina Bay and Tanjong Pagar have increases in vacancy rates QoQ.
Sabana Reit unitholder alerts unitholders on Quarz’s ‘inaccuracies’ in internalisation of manager
ESR Group refuted Quarz’s statement on saving fees to pay to the external manager.
Sabana REIT to hold EGM on the removal of its manager
The REIT's unitholders will convene on 7 August.
Keppel acquires office tower in Seoul
It plans to upgrade the building’s facade and interior spaces.
Sabana Industrial REIT NPI inches up 0.5% YoY to $27.2m in H1
Its gross revenue was up 23.2% YoY to $55.3m.
Real estate investment sales surge in Q2: Savills
Sales reached $3.29b.
SG’s data centre vacancy rate hits record-low of less than 2%
The Lion City has under 4MW of available leasing space.
Freehold retail podium at 183 Longhaus for sale $35.1m
The submission of the expression of interest will close on 31 August at 3 pm.
Recovering tourist arrivals to push up prime retail rents: Knight Frank
Prime rents in Orchard Road have already risen by 5.8% to S$29.5 psf pm in Q2.
Manulife US Reit requests a trading halt
The statement was published at 7:33 a.m.
GSH Corporation sells 9 office units at PLUS Singapore for $38.8m
The book value of the property is $27.1m.
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