Commercial Property

City Developments extends rental relief measures

Tenants will receive more than 2.8 months of gross rental rebates in total.

Land bank redevelopment will aid MIT's net asset value: analyst

It will increase portfolio GFA and drive medium-term growth in distributions.

MIT's NPI up 10.5% to $318.06m in FY2020

Its DPU inched up 0.7% to 12.24 cents.

Retail property prices dipped 3.1% in Q1: URA

The island-wide vacancy rate widened to 8%.

Office prices down 4% in Q1: URA

The amount of occupied office space fell 7,000 sqm.

Chart of the Day: Industrial tenancies down 37.6% in Q1

Rental transactions fell as manufacturing firms halted physical footprint expansions.

Industrial space prices down 0.7% in Q1: JTC

The COVID situation could affect the completion of 1.9 million annual supply of industrial space.

FCT's NPI down 1.3% to $35.96m in Q2

Growth in property expense outpaced revenue growth during the quarter.

Chart of the Day: 400,000 sqft of retail property supply set for 2020

Most of the upcoming supply will be located in the city fringe.

Suburban prime retail rents rose 0.3% in Q1

Travel bans and circuit breaker measures could further affect retail.

Suntec REIT's NPI slid 7.2% to $54m in Q1

The REIT expects a subdued Q2 for its mall portfolio.

How S-REITs' new lifeline can improve its cash flow

It will not prompt acquisitions as S-REITs are expected to be more prudent in capital efficiency.

MOF, IRAS, MAS launch relief measures for SGX-listed S-REITs

These include extending deadlines for distribution of income and raising the leverage limit.

Hong Kong's co-working scene thrives as Singapore struggles

Co-working spaces provider TheDesk gained 25% more new members YoY in Q1.