Commercial Property
OUE Commercial REIT suffers from lower renewed rents
OUE Commercial REIT suffers from lower renewed rents
They continue to decline as spot prices haven't recovered fast enough.
Co-working drove demand for office spaces in 2017
It made up 20% of major relocations and expansions in the market.
Ascendas-Singbridge inks partnership with Envision
Both aim to promote an innovative ecosystem for the country’s digitalisation.
Singapore's REIT sector is the sixth largest globally
It has a market cap of US$53b.
Wee Hur Holdings secures construction project for $43m
It will be used for building a church and nursing home.
Prime office rents inched up 1.5% in Q4
More tenants from various industries filled up spaces in all precincts.
Chart of the Day: Residential sales dominated investment transactions in Q4
Over $7.14b worth of sales comprised 66% of the total.
Energy firms enrich OUE Commercial REIT's portfolio
Customers from the sectors boosted rental income by 9.8%.
HDB changes occupancy cap to 6 persons for 4-room flats
This will be effective starting May.
Chart of the Day: Investors spent US$28.4b in overseas real estate in 2017
This is the highest value since 2008.
OUE C-REIT's net property income dipped 0.3% to $34.7m in Q4
No thanks to lower rental and one-off income.
Geylang mixed use site up for grabs for $36m
The site has a land rate of $948 psf ppr for commercial use or $704 ppr for institution use.
Chong Kuo Road site sold for $43.95m
Lian Soon Holdings Pte Ltd and OKP Land Pte Ltd placed the winning bid.
Golden Shoe Car Park redevelopment to boost CCT's income
The property is expected to be finished by 2021.
Ascendas REIT scrambles to find tenants for Singapore properties
Its occupancy rate fell from 90.1% to 88.8%.
Ascendas REIT's property income inched up 1.7% to $157.6m in Q3
This was due to a property tax increase of 42.9%.
Capitaland establishes three subsidiaries
Two of them will focus on investment holding.
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