Commercial Property
Chart of the day: 114 shophouses sold for $938.8m in H1 2022
Sales activity may have dipped however the market shows no sign of slowing.
Park View Mansions acquired enbloc for $260m
The property will be turned into a residential development.
CICT net property income jumps 6.2% YoY to $501.6m in H1
This was driven by the completion of acquisitions and higher rental income.
Suntec REIT DPU rises 15.8% YoY in H1
Its distributable income from operations increased by 7.1% You to $126.6m.
Keppel Pacific Oak US REIT H1 DPU down 4.4%
Distributable income rosed by 5.4%.
Shophouse along Craig Road on sale for $12m: Savills
It will be sold via expression of interest until 31 August.
Keppel REIT’s net property income up 6% YoY in H1 2022
Its portfolio committed occupancy stood at 95.5%.
Frasers Centrepoint Trust's tenant sales jump 23% YoY
Amongst Frasers' assets, Tampines 1 and Waterway Point had the highest sales growth.
Lendlease Global CREIT bags $100m sustainability-linked term loan facility
Proceeds will be used to refinance a loan due in FY23.
ESR-Logos Reit reports 6% fall in H1 DPU
Higher utility expenses drag down DPU for the first half of the year.
CLCT’s net income jumps 15.9% YoY to $139.5m in H122
The increase was due to strong contributions from CLCT’s business parks and logistics assets.
AIMS APAC REIT posts 1.3% DPU growth in Q1 FY23
The increase was due to the 34.3% jump in the REIT’s net income.
OUE C-REIT’s net income dips 14.2% YoY to $93.6m in H1
The decline was due to the deconsolidation of OUE Bayfront’s performance.
Chart of the day: Residential sector overtakes commercial property in investment sales
Transaction volume of residential property types makes up 45% of the total volumes in Q2.
CICT appoints new members of the board, board committees
The new set of designations will take effect on 25 July.
MNACT’s net profit rises by 4.1% YoY to $81.5m in Q1 FY22/23
The profit growth was largely driven by two factors.
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