Commercial Property
Temasek unit buys mall in Hong Kong for $2.4b
Temasek unit buys mall in Hong Kong for $2.4b
Sale of Festival Walk shopping center is the biggest property transaction ever for Swire Pacific.
City Developments acquires S$167m prime land in China
CityDev plans to build a 750-unit high-end residential block, accompanied by an office tower, a retail mall and a luxury hotel.
Office rents continue to surge across Asia Pac
And you'll never guess which Asian cities are leading the rent increase.
77% of OUE Bayfront’s total space for lease are now occupied
Hogan Lovells International LLP and Union Bancaire Privee (Singapore) Ltd., are among the key tenants prime Green Mark Gold certified edifice.
Frasers Centrepoint Trust revenues down 11.1% to$27.3m
The slump was mainly due to a lower contribution from Causeway Point as it is currently undergoing refurbishment works.
URA launches tender for Sims Avenue/Tanjong Katong Road site
The 20,694.7 sqm site will be for office, hotel and retail uses.
Office space prices up 3.6% in 2Q11
And the vacancy rate of office space increased to 12.5%.
Rentals of factory space increased by 4.5%
But the occupancy rate doesn’t seem to be affected.
Cache Logistics funds $13m warehouse acquisition through debt
The property in 22 Loyang Lane is a 63,290 sqft purpose built bonded warehouse with ancillary office.
CapitaMalls Asia doubles profit to almost S$165m
This is for the second quarter of 2011, compared to the S$82m profit in the same period in 2010.
S & P sounds alarm bells on Singapore REITs’ $4b dollar acquisition spree
In the first quarter of this year, $4b alone has been added to the REITs and there may be a significant increase in their risk tolerance.
Singapore loses to Hong Kong as most popular city for international businesses
The cities are only two companies apart, with Singapore home to 67.5 percent of surveyed firms.
A-REIT to develop Unilever Four Acres Singapore
Estimated development cost, excluding the land premium for the underlying land, is more than S$32m.
CapitaMall Trust to enjoy positive rental reversion
Rate of growth of spot rents however is expected to decline.
Amazing A-REIT revenues up 5.6% YoY to $119.9m
Total amount available for distribution also rose 4.4% YoY and 7.6% QoQ to S$65.9m.
CapitaMall Trust second quarter distribution up 3.1%
Unitholders can expect to receive their distribution per unit on 26 August 2011.
Pioneer Road North / Soon Lee Street site awarded to KNG Properties
It outbid six others with its more than $64m offer.
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