Commercial Property
Sabana REIT occupancy rate drops to 83% in 1Q24
Sabana REIT occupancy rate drops to 83% in 1Q24
The REIT attributed the decline to the property repossession 33 & 35 Penjuru Lane.
Residential sector dominates 1Q24 investment with $1.79B
The sector's investment sales, however, dropped 48.5% QoQ.
Sabana Reit sets requisitioned EGM on or before 25 May
Part of the agenda is the consideration of proposed resolutions stated in a notice on March 26.
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ESR-LOGOS nets A$65.5m from Australian property sale
The REIT sold the property at a 7.4% premium.
Sabana Reit unitholders told requisitionists to respect trust deed rules
Amongst the points stressed by the unitholders was the importance of a supermajority when amending the trust deed.
F&B silver lining in dampened retail leasing market
Leasing sentiment as of 1Q24 is hovering above 40%
5 Enterprise One units listed for sale at $6.4M
The units have a guide price of $592 per square foot.
Frasers Property Limited braces for profit dip, points to UK property woes
It expects to record fair value losses and impairment in 1H24.
Soilbuild Construction bags new contracts worth $3.6m
Precast Concrete also secured a supply and delivery contract.
Colliers transforms Singapore office into regional powerhouse
The newly revamped office showcases Colliers’ commitment to innovation, collaboration, and sustainability.
Colliers forecasts slight compression in Singapore's cap rates
Over the past three years, cap rates have remained relatively stable.
Straits Trading divests Aussie industrial property for $46.3m
The property has a net lettable area of 37,809 sq m.
Apex Asia buys Sin Ming Centre for $49m
Apex is mulling tearing down Sin Ming Centre to reconstruct a new mixed-used development.
BNP Paribas cuts back on Singapore office footprint due to costs
The bank occupies six floors in Ocean Financial Centre.
Limited interest? Zion and Upper Thomson sites get just one bid each
The sites received a bid of $1.11b and $779.56m, respectively.
Hotel, retail assets seen leading this year’s real estate investments
Dealmaking to boom in the second half.
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