Commercial Property
CapitaLand Mall Trust to buy remaining 70% stake in Westgate for $789.6m
CapitaLand Mall Trust to buy remaining 70% stake in Westgate for $789.6m
The transaction is targeted for completion by Q4 2018, depending on unitholders' approval.
Oxley Holdings full-year profits jumped 31% to $285.03m
Gains from its purchase of Chevron House boosted profits.
S-REITs fared well in July over increased attention from funds
The office sector could lead gains in S-REITS amidst its sustained rental improvements.
Ho Bee Land secures Singapore's first green loan
The $352.9m will be utilised to acquire a 21-storey commercial property in London.
Chart of the Day: New supply of industrial space hit 3.24 million sq ft in H1
Lagging demand brought occupancy rate 0.2 ppt down to 89.7%.
Daily Briefing: 8 in 10 e-commerce scams happened on Carousell platform; Manufacturing growth could slow down in industrial property sector by H2
And hybrid startup Spiking raises $1.2m.
Rents for high-specification industrial spaces grew 2.1% to $2.9 psf in H1
Rents in these properties led to the sector's recovery.
Income-producing property sales in Singapore fell 12% $10.2b in Q2
En-bloc deals hit $13.8b which is 58% of all land sold in H1 2018.
Singapore's retail scene welcomed back activity-based tenants in H1
They prefer the Orchard Road shopping belt and suburban districts.
Rising tourist arrivals boosted Orchard Road rents in H1
Its ground-floor rents could lead the gradual rental recovery from 2018 to 2022.
Chart of the Day: Retail vacancy dipped 7.3% in Q2
Landlords are urged to be flexible in setting rents to support occupancy rate in the coming quarters.
Retail property sales hit $695m in H1 2018
The highest transaction was for the 50% stake in Capitol Piazza and Capitol Theatre for $349m.
Retail vacancy could rise amidst supply influx
Ground floor rents in key areas could lead the gradual recovery amidst sustained flattening out of rents.
$778m Sengkang Central site could lure first-time homebuyers and upgraders
It has a potential to launch at $1,650 to $1,700 psf with a 10% margin.
CapitaLand and CDL JV wins bid for Sengkang Central site for $777.78m
The 3.7 ha site will be developed into an integrated community hub with 700 apartments.
CBD Premium and Grade A office rents inched up 2.6% in Q2
CBD rents could further spike to around 10% to 12% in 2018.
Mixed use property sales jumped 30.2% to $1.5b in Q2
It was mainly backed by the public land sale of the $1.2b Holland Road property.
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