Commercial Property
Chart of the Day: Vacancy rate for office CBD buildings up 0.4% in Q4 22
Chart of the Day: Vacancy rate for office CBD buildings up 0.4% in Q4 22
Grade AA buildings posted the highest increase in vacancy rate.
Budget 2023: How will higher BSD rates impact the property market
The hike will affect 15% of residential and 60% of non-residential properties.
Growing demand for ESG-compliant offices expected in 2023: Savills
It will help offset impacts of economic woes on demand for office buildings.
Set of 3 freehold shophouses in South Buona Vista Road up for sale
The collective guide price for the shophouses is $22m.
GS Building sells for $67m
JVA Venture Pte Ltd won the tender for the property’s collective sale.
Two full strata office floors in Downtown Core for sale
The collective indicative guide price for both floors is $30m.
Paragon REIT NPI up 3.3% YoY to $279.9m
It was supported by the recovery of the retail industry.
Corner shophouse in Bukit Timah up for sale for $14.5m
The expression of interest will close on 21 March 2023 at 3 pm.
Netlink NBN Trust posts over 24% profit growth in first nine months
Its profit after tax amounted to $81.8m.
Elite Commercial REIT DPU fall 11.4% in FY 2022
The decrease was due to increased borrowings and a marginally lower occupancy rate.
LHN Group's COLIWOO acquires GSM property for $80m
The property comprises 33 units.
SG only city with increase in deal volume: MSCI
It posted a $10b mark for trade volume.
Chart of the Day: Trading volume for commercial assets down 41% YoY in Q4 22
Strata and shophouses continued to see investment activity.
Manulife US Reit’s DPU dips 10.3% YoY to 2.63 US cents in H2 22
It stemmed from distributable income that went down 1.7% to $55.4m (US$41.9m).
Barbara Cambon bows out as Prime US REIT CEO
CFO Harmeet Singh Bedi will take over the post on 8 March.
Keppel Land unit to divest 100% stake in Willowville for $7.37m
The purchaser of the stake will pay in two tranches.
Broker retains outlook for S-Reits stocks as overweight
Amongst notable Reits are MPACT and FLT.
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