Commercial Property
Frasers Commercial Trust gets a go-ahead to top-up Keypoint’s lease
Frasers Commercial Trust gets a go-ahead to top-up Keypoint’s lease
Singapore Land Authority granted in-principle approval for FCOT to top-up the lease to a fresh 99-year lease.
Sabana REIT acquires 2 Toh Tuck Link for S$40.3m
The property is a 6-storey warehouse with a gross floor area of approximately 180,735 sq ft.
Frasers Commercial Trust’s earnings resilient from master leases
Over 47% of its revenue is tied to master leases of up to 25 years.
Industrial property prices rise 6% in 2Q11
The average monthly rents of factories and warehouses increased to S$1.7 to S$2.1 per sq ft.
Property boom: S$1.1b worth of industrial properties transacted in Q211
This takes the total transaction value in 1H/2011 to S$2.3b, reflecting a year-on-year growth of 14%.
Keppel Land’s subsidiary raised a commitment of over US$460 million
The fund will be open for further closings with investors over the next 12 months.
Cache Logistics Trust offers most attractive yields of 8%
And CWT is Cache’s main sponsor and master tenant for the bulk of its portfolio.
Upper Serangoon Crescent’s top bid a mere $270.28m
This is equivalent to $291 per sq ft ppr and is the lowest unit land price recorded since August 2009.
CapitaLand puts up another subsidiary in China
StorHub GZJ has a registered capital of $9.2 million.
Singapore office rents to rise 8% in 2011
DBS says office demand will remain positive, though slower than previously projected.
Starhill to appeal against Court decision on Toshin master lease
Starhill’s master lease with Toshin covers level 1-4 of Ngee Ann City at below-market rentals of $12-13 psf.
Safe and sound: S-REITs resilient amidst market volatility
DBS says retail REITs’ earnings should continue to grow in the coming months due to positive consumer confidence.
Second Chance Properties’ profit surge 87.8% to $30.1m
This is due to higher than expected revaluation gains of $13.5 million.
Singapore heats industrial properties up
Industrial properties in Singapore showed stellar performance over the past 1.5 years, in 2010 and 1H 2011. The rental and price increase was largely...
There’s room for more: Limited retail space made vacancy rate reach 5.8% in Q2
Only 38,000 sq ft of retail space was completed in the second quarter.
Shopping galore: CapitaLand has got some competition
Lend Lease will develop Singapore’s third largest suburban mall spanning 818,000 sq ft on the site next to CapitaLand's in Jurong.
CDL Hospitality Trust’s net property income rose 24% to $29.1m
This rise in its Q2 2011 figure is mainly due to contribution from its hotels such as Studio M Hotel.
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