Commercial Property
CapitaLand Ascott Trust’s gross profit grew nearly 60% YoY in Q1
CapitaLand Ascott Trust’s gross profit grew nearly 60% YoY in Q1
New properties’ operating performance led to growth.
Parkway Life REIT’s NPI up 23.5% YoY in Q1
The real estate firm’s net property income (NPI) grew to $35.2m.
First REIT net property income up 2.7% YoY to $25.8m in Q1 2023
This is supported by the full quarter contribution of its Japanese nursing homes.
Chart of the Day: Auction listings down 3% QoQ in Q1
The seasonal lull from the New Year led to the decline.
Chart of the Day: Commercial sector dominates investment sales transactions in Q1 2023
The sector saw a total investment sales of $3.38b
CapitaLand Ascendas REIT to divest 7-storey industrial building
KA Place is up for sale for $35.58m
Asset-light strategy leads Ascott to 160,000-unit target
The company also focused on securing prime properties to double its fee revenue.
Chart of the Day: Top investment sectors of HNWIs in Singapore
Hotels and leisure properties are leading.
Pair of conservation shophouses in Kampong Bahru Road up for sale
The property has a guide price of $18.8m.
Keppel Pacific Oak US REIT distributable income falls 12.5% to $17.47m
But its gross revenue increased by 0.2% to $49.47m.
Sabana Industrial REIT’s portfolio occupancy climbs to a new high in Q123
The REIT recorded a 92.6% occupancy.
Keppel DC Reit’s DPU up 3% in Q1 23 due to data centres investment
New acquisitions of Guangdong data centres contributed to the increase.
Property investment volume falls 63.3% YoY to $4b
It is the lowest quarterly investment volume registered since Q4 2020.
ARA US acquires Hilton Colorado Springs South's Home2 Suites for $38.7m
The acquisition reflected the Managers' ongoing portfolio optimisation.
Chart of the Day: Top considerations in investing in green buildings
The top driver is sustainability and ESG.
New PDD to push sustainability, business opportunities
The new district would be crucial for Singapore and its commercial and business park sectors.
Office rents dip 1.0% in Q1
Gross effective rents now stand at $11.30 psf pm NLA.
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