Commercial Property
CapitaLand Ascott Trust to divest Citadines Mount Sophia for $148m
CapitaLand Ascott Trust to divest Citadines Mount Sophia for $148m
The REIT expects to receive net proceeds of $138.6m from the divestment.
Singapore prime sheds to lead rental growth in APAC this year
Supply of prime logistics space to reach its peak in 2025.
Investors to stay cautious navigating Singapore’s property market in 2024
Investment volume is seen rising 15% this year.
IREIT divests office asset in Barcelona for $35.5m
The sale price was 6.1% above the property’s latest valuation.
AIMS APAC REIT’s net property income climbs 6.3% YoY to $97.8m in 9M24
Despite higher NPI, the REIT recorded a 4.1% YoY lower distribution per unit.
Average price of freehold shophouses jumps 10.1% YoY in 2023
The average price reflects a total transaction sales value of $948.0m.
CapitaLand Malaysia Trust NPI surges 42.6% YoY in 2023
Its gross revenue also saw a 43.4% increase during the period.
Keppel Pacific Oak US REIT’s portfolio valuation dips 6.8% YoY to US$1.3b
The REIT cited four priorities that contributed 84% to the decline in valuation.
MPACT’s net property income climbs 1.7% YoY to $182.4m in 3Q23/24
The strong performance of the REIT’s Singapore portfolio contributed to the increase.
Net property income of CapitaLand India Trust rises 8% YoY to $179.6m
Despite higher NPI, the company’s DPU fell 21% YoY.
Keppel Infrastructure Trust’s distributable income soars 42.4% YoY to $316.8m in FY23
With higher income, the company proposed a 62% YoY higher DPU.
FLCT retains portfolio occupancy of 95.8% in 1Q24
It also retained full occupancy for its logistics and industrial portfolio.
OUE REIT’s net property income up 15.9% to $119.7m in H2 2023
Hilton Singapore Orchard’s full reopening helped drive OUE REIT’s profits in 2023.
CLINT NPI grows 8% YoY to $179.6m in 2023
Its growth was boosted by the acquisition of quality assets.
Keppel REIT posts net property income rises 3.7% YoY in FY23
It saw a positive rental reversion of 9.9%.
CLCT records 5.3% YoY net property income growth in FY23
This is thanks to the stronger performance of its retail portfolio.
Auction listings drop 2.9% QoQ in 4Q23
There were 99 listings in the last quarter of 2023.
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