Commercial Property
MPACT sees 11.9% YoY drop in distribution due to lower overseas contributions
MPACT sees 11.9% YoY drop in distribution due to lower overseas contributions
Adverse forex movements dampened overseas contributions.
Frasers Centrepoint Trust distribution rises 3.2% YoY to $214.31m in FY24
Full-year DPU, however, was down by 0.9% YoY.
CapitaLand India Trust's NPI rises 14% YoY in SGD terms on higher property income
NPI rose 15% YoY in Rupee terms.
Retail space prices and rents rise in Q3
The metrics rose by 1.7% QoQ and 0.3% QoQ, respectively.
Suntec REIT's NPI drops 5.7% YoY to $79.8m on lower asset contributions
Amongst the assets with lower contributions was the Suntec Convention.
Industrial occupancy rate flat at 89% despite gains in some segments
Multiple-user factory and business park segments saw increased occupancy in Q3.
URA reassesses land-use policies and guidelines
It will focus on expanding economic gateways.
Keppel bags first Cooling-as-a-Service contract in India
It inked the contract with Blackstone-owned Nucleus Office Parks.
Duxton Reserve Singapore, Autograph Collection hits market
Its guide price translates to $1.8m per key.
Mapletree Logistics Trust’s NPI falls 2.1% YoY to $158.6m in Q2 FY24/25
The trusted cited three reasons for the decline.
4 industrial units at Redhill hit the market for $4.55m
The site has a total of 6,049 square feet.
Keppel REIT's distributable income dips 1.9% YoY to $160.6m in 9M24
It attributed the decline to higher borrowing costs.
Keppel Pacific OAK US REIT’s NPI dips 8.8% YoY on higher financing costs
The REIT's lower NPI also contributed to the decline.
CapitaLand Ascott Trust divests Tianjin property at above book value
After the divestment, CLAS will only have four properties in China.
Parkway Life REIT to acquire 11 nursing homes in Europe for $159.9m
The REIT expects to complete the acquisition by Q4 2024.
COTD: Industrial sales volume in Q3 rises after Fed rate cut
The rising manufacturing activity may also drive industrial property sales.
SG prime office rents 2nd highest in APAC at $165 per square foot
The vacancy rate stabilised at 6.6% during Q3.
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