Commercial Property
UOL profits up 48% to $195.38m in Q2
UOL profits up 48% to $195.38m in Q2
Its fair value gains on investment properties skyrocketed 182% and boosted earnings.
Chart of the Day: Vacancy rate of CBD grade A office space fell to 5.6% in Q2
Demand hit 376,000 sqft even if there were no new completions of office space in Q2.
CDL profits slide 26.4% to $162.4m in Q2
The divestment of Manulife Centre and 7 & 9 Tampines Grande supported its growth.
GIC divests stake in $1.67b Sydney office
GIC was looking to divest its 50% stake in the tower since September 2018.
Daily Briefing: Fintech startup Helicap buys Arcor Capital; Cash over credit sought by white collars
And Singapore’s Hello Health Group acquires two Vietnamese online information platforms.
APAC real estate transactions hit record-high US$86b in H1: report
Property investment in Singapore doubled, with the office sector hauling in $6.37b in investments.
Perennial Real Estate Holdings Q2 profits down 74.9% to $2.17m
However, revenue surged 52.4% thanks to contributions from Capitol Singapore and its hospital in China.
CapitaLand profits down 5.3% to $875.4m in H1
Home sales in its core markets of Singapore and China declined.
Keppel unit to develop data centre in Australia
It bought a 3,840 sqm plot of land adjacent to its existing Gore Hill data centre.
Strata-titled retail units sales skyrocket 105% to $130.6m in Q2: Knight Frank
63 strata-titled retail transactions were lodged in Q2, up 50%.
Chart of the Day: Auction listings jumped 47.6% to 400 in Q2
Despite higher listing numbers, the success rate continues to go down.
Hongkong Land profit plunged 63% to $565.5m in H1
Net debt rose to US$3.9b due to land acquisitions.
Chart of the Day: Real estate investment sales volume dropped 43% to $13.5b in H1
Transactions for mixed-use properties crashed 90.2%.
CapitaLand Retail China Trust NPI up 7.3% to $40.36m
Rents across its malls grew whilst operating expenses dipped.
Singapore's JustCo leases 16-storey building in Seoul CBD
The 140,000-sqft space will open its doors in November 2019.
Temasek sells joint-owned office asset for $1.6b
Allianz will own 60% of the assets whilst Gaw Capital will hold the remaining 40%.
Mapletree North Asia Commercial Trust NPI up 10.7% to $85m in Q1
Higher rental incomes from Festival Walk, Gateway Plaza and Sandhill Plaza boosted revenue.
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