Commercial Property

Ascott REIT's Q1 results hit by weak corporate demand in Singapore

Revenue per available unit fell 7%, causing the surprise of some analysts.

Singapore's industrial property market is bottoming out

Overall industrial leasing activity jumped 35% YoY in the first two months of 2018, the strongest since 2013.

Keppel REIT Q1 net property income down 0.6% to $31.22m

Its property income from 275 George Street crashed 26.5% to $3.74m.

Chart of the day: Industrial leasing activity hits a 5-year high

It jumped 35% YoY as the number of firms optimistic on the manufacturing sector stayed on the upside.

Soilbuild Business Space REIT NPI fell 11.6% to $16.m in Q1

It blamed lower contributions from 72 Loyang Way, West Park BizCentral, and Eightrium.

Keppel Infrastructure Trust Q1 profit up 10.9% to $7.5m

This was due to higher contributions from City Gas and lower fees incurred from Basslink's outage.

Manulife US REIT buys Pennsylvania Avenue property for $238.72m

It also bought the Phipps tower in Atlanta for $268.89m.

CapitaLand could have offered JP Morgan discounted rents for CapitaSpring

Analysts think the rents could have hit $12-$14 psf/month for nearly 25% of the property's leasable area.

Law firms' real estate costs per worker hits $39,982

It is the third lowest amongst eight Asian cities Colliers International surveyed.

SPH REIT Q2 NPI down 1.1% to $42.2m

Paragon’s negative rental reversion of 7.1% pulled down revenue.

Chart of the Day: 2 in 3 en bloc site buyers are from Singapore

More developers are positive about the property market.

Property investment and hospitality are the new frontiers for Oxley

Revenue contribution from investment properties is set to grow from 3.8% to 9.6% in 2020.

Frasers Property injects $136.1m in mixed use development in Bangkok

It will hold 19.9% in a joint venture that will invest in the project’s development.