Commercial Property
SERT NPI slips 1.3% even as data centre strategy advances
SERT NPI slips 1.3% even as data centre strategy advances
This is thanks to a stable occupancy, positive rent reversion and capital recycling initiatives.
CCS flags competition concerns over SUTL-Keppel Bay marina deal
A Phase 1 review found the parties are likely close competitors.
MPACT FY25/26 DPU dips 0.6% to $0.0797 on weaker overseas contributions
Excluding a one-off tax charge, full-year DPU would have risen 1.1% to $0.0811.
Shell Singapore leases 100,234 sq ft at Asia Square
The move is expected in H1 2027.
Office market showed mixed signals in Q1
Capital values edge higher even as leasing demand weakens across office segments.
CapitaLand Trust delivers strong first quarter, income up 7.9%
The group’s retail portfolio also achieved a positive rent reversion of 4.4%.
Frasers Centrepoint Trust delivers 1.4% YoY growth in H1 DPU
Distribution to unitholders totalled $125m, up 13.6% YoY.
Keppel offloads i12 Katong mall for $372m amidst non-core asset purge
The site is a five-storey building with a net lettable area of 211,950 square feet.
OUE REIT posts $57.6m Q1 NPI, up 8.4% on hospitality gains
Revenue rose 6.7% as hospitality gains 16.8% and office rents stay resilient.
Freehold 46-room Sims Avenue hotel hits market at $29.9m
Asset at 56 Sims Avenue priced at about $650,000 per room under EOI exercise closing May 20.
Savills lifts office rent growth view to 5%
CBD rents hit their highest since 2019.
Frasers Centrepoint weighs $470m White Sands divestment
The trust's manager signals regulatory disclosure pathway remains open pending material development.
Keppel REIT posts 1.27-cent DPU as NPI rises 9.7% in Q1
Its total portfolio was valued at about $11.8b.
People’s Park Complex restaurant unit up for sale at $8m guide price
The EOI closes 20 May.
Grade A office supply surge set to peak in 2028
Low completions in 2026 and 2027 give way to a higher delivery cycle in 2028, Cushman & Wakefield data shows.
Singapore plans major redevelopment of migrant worker recreation centres
Soon Lee and Kaki Bukit recreation centres will be expanded into larger, multi-use hubs.
JTC awards Kaki Bukit site to Chiu Teng Enterprises for $131.89m
Five bids were received for the site.
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