Commercial Property
Hospitality, retail, and office REITs benefit from reopening
However, there is a limited new supply for logistics, office and retail segments.
Chart of the Day: Top markets with high vacancy rates for Grade A office in Q1
There were two micro-markets that posted highest quarterly growth in vacancy.
Lendlease REIT portfolio occupancy stays up at 99.8% in 3Q FY23
The Manager recorded a 99.5% retail occupancy rate on 31 March.
Yanlord Land Group’s subsidiary grated with $500m loan facility
The facility has a five-year term.
Chart of the Day: Rental growth of Grade A offices to be subdued in 2023
Rents will grow 2% YoY in 2023, according to Savills.
Net take-up for CBD Grade A office space down 471,000 sq ft in Q1
Its vacancy also increased 7.4% amidst rising economic challenges.
CBD Grade A office spaces vacancy rises to 7.4% in Q1
This is the second consecutive quarter that the vacancy rate increased.
Yanlord Land contracted pre-sales doubles to S$810m in April
The city of Suzhou contributed the highest with S$407m.
OUE Commercial REIT’s NPI up 18% YoY in Q1
Its revenue also grew due to Hilton Singapore Orchard's contributions.
AA REIT posts 5.1% YoY growth for DPU in FY 2023
The distribution per unit (DPU) grew to 9.944 cents.
CICT’s downtown malls to benefit from return-from-office workers
The recovery of China’s economy will also woo visitors in the malls.
Keppel to adopt ‘horizontally integrated model’ in restructuring
The model comprises three platforms.
New acquisitions boost CapitaLand Ascendas REIT's SG portfolio occupancy to 92.3% in 1Q23
The REIT recently acquired properties at 622 Toa Payoh Lorong 1 and 1 BurohLane.
Prices and demand for shophouses to pick up in the coming months
The ABSD rate hike will help drive demand in the market.
Mapletree Logistics net property income dips 1.8% YoY to $154.3m in 4Q FY22/23
The REIT attributed the decline to the depreciation of foreign currencies against the Singapore dollar.
Industrial occupancy, rental growth to ease further: experts
Huttons said rents of industrial space may see not more than 3% growth in 2023.
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