Commercial Property
Singapore commercial property market activity leaps by 200%
Singapore commercial property market activity leaps by 200%
Singapore is amongst those countries building momentum in the commercial market this year.
Lendlease REIT properties enjoy near-perfect occupancy
Tenant sales recovered by 94% to end the first quarter at near pre-pandemic levels.
Hongkong Land “uncertain” over COVID-19's full-year impact
The property firm has yet to determine how the prolonged pandemic will affect its performance.
ESR-Reit launches private placement to raise $150m
It will be used to fund the acquisition of Singapore and Australian assets.
SingHaiyi Group launches three-way joint tender
The tender is for the well-known $276.8m property in Maxwell Road.
Ascendas REIT private placement oversubscribed at $2.944
Parts of the proceeds of the private placement will be used to fund its acquisition of Galaxis.
HDB resale volume dips by 4.4% in April
This comes as the prices of those resales continue to rise for the tenth month in a row.
AA REIT DPU jumps 41.5% to 2.90 cents
Its distribution to unitholders also increased to $20.5m.
OUE C-REIT net property income slips l.6% to $61.1m
While its commercial portfolio remained resilient, OUE C-REIT's hospotality business took a hit in the first quarter.
Ascendas Reit to acquire remaining 75% interest in Galaxis
The acquisition is estimated to be worth a total of $534.4m.
City Developments in the midst of a board exodus
Lim Yin Nee Jenny is the fourth director to resign from the property developer's board.
OUE C-Reit redeems $155m convertible units in One Raffles Place deal
THe units will be redeemed on 1 June.
Mapletree Industrial Trust distributable net property income up 11.3%
The REIT found the fiscal year challenging as tenants struggled during the pandemic.
ARA acquires 50% stake in Dasin Retail Trust Management
The company plans to extend its reach in China’s Greater Bay Area.
ESR-Reit divests two "non-core" assets for $53m
ESR-Reit divests of an industrial building and a warehouse for additional funds.
LHN Limited acquires Geylang Road property for $13.5m
The real estate management firm bought it under an Option to Purchase agreement.
Starhill Global REIT net property income hops 0.6% in its Q3
The investment trust said its income was stable amidst uncertainties caused by the pandemic.
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