Commercial Property
Chart of the Day: Office rents fell in Q2
Chart of the Day: Office rents fell in Q2
Grade B offices at Shenton Way/Robinson Road/Tanjong Pagar led the decline.
Chart of the Day: Office investments made up 71.5% of property sales in Q2
It was thanks to the sale of 30% stake in TripleOne Somerset and 50% stake in AXA Tower.
Property market liquidity dipped 5% in Q2
It was attributed to the Lion City’s souring office and retail rents.
Chart of the Day: Property investment sales down 53.5% to $1.9b in Q2
Transactions were of lower price quantum as investors are wary about their spending.
Sembcorp unit to develop industrial park in Myanmar
A deal will be inked shortly with the Yangon Region Government for the lease of 436 ha of land.
Ascendas bags $100m through its first green bond
It’ll be used to refinance 17 green properties from its portfolio.
Chart of the Day: Warehouse space occupancy grew 0.8ppt in Q2
A rise in e-commerce sales contributed to the segment’s growth.
Cromwell EREIT's NPI climbed 6.6% to $93.76m in H1
New office acquisitions boosted growth by $22.74m.
Chart of the Day: Freehold strata office sales down 34.1% to $106.2m in H1
Despite the fall in total transaction volume and sales, the average unit prices rose.
CDL's profit plunged 99.1% to $3.15m in H1
Hotel operations accounted for 82% of the drop in revenue.
United Hampshire US REIT's NPI hit $15.52m from March-June
Its inaugural DPU came at US$0.0178.
Yanlord's profit down 59% to $97.41m in H1
They recorded a decline in average selling price per square metre.
Chart of the Day: Around 4.3 million sqft of office supply in the works
The market will face a huge supply coming on board in 2022.
LREIT's NPI down 53.3% to $7.51m from IPO forecast
It posted lower revenue on the back of lower rental income from 313@somerset.
AA REIT to acquire site at Jurong Innovation District for $129.6m
Upon completion, rental contribution from master leases is slated to rise from 30.3% to 36.4%.
Tuan Sing to divest CBD property Robinson Point for $500m
They have entered an agreement with a British Virgin Islands investment firm.
Quarz and Black Crane to reject Sabana and ESR merger
They questioned whether the merge was really in the best interest of shareholders.
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