Commercial Property
Property investment sales to grow by 15% to 20% for whole of 2022
This despite a 36.9% decline in sales value in Q2.
Rising interest rates cut by half acquisitions by S-REITs: analyst
In H1, SREITs posted a total acquisition value of $3.6b.
MCT, MNACT merger to make way for larger acquisitions, projects: analyst
The merger was effective on 21 July 2022.
Retail property market to see broad-based recovery after Q2
For the entire year, prime retail rents is expected to grow by 2% to 4%.
The destination office marks the new return to work normal
Cushman & Wakefield’s new 11,400-sqft office exudes the same vibe as Singapore’s best bars.
CBD, Grade A office rents grew 1.8% QoQ in Q2
Rents were at $11.10 per square feet in the second quarter of 2022.
Real estate investment sales volume hits $19.1b in H122
This is already equivalent to more than 70% of 2021's total sales volume.
Grade A office rents to grow around 3%-5% for 2022
Return-to-office momentum to drive higher demand for offices.
Grade A Core CBD office rents mark fastest pace of increase since 2021
Rental growth accelerated from 1.4% QoQ in Q1 22 to 3.2% QoQ in Q2 22.
Singapore “safe haven” reputation to prop up prime grade office rents
Full-year office rent growth will come between 3% up to 5%.
CapitaLand Development buys prime mixed-use site in Vietnam
It is expected to be launched in 2024 and be completed in 2027.
Sinarmas Land Limited to dispose of Horseferry Property Limited for $415.1m
It will be sold to LTH Property Holdings 3 Limited.
Post-COVID property demand to buoy REITs earnings rebound
CICT, Frasers, and Mapletree Commercial Trust are best positioned to reap the benefits.
Yanlord’s Suhe Century project sold out at launch with $902.4m pre-sales
The property's average selling price was $155,290 per sqm.
Office floor in Suntec City on sale for $36m
The sale is open to both locals and foreigners.
Chart of the day: CBD Grade A rents rises by 1.6% in Q2
Vacancy rates to tighten to 4%, an analyst said.
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