Commercial Property
CapitaMalls Asia acquires Minhang Plaza and Hongkou Plaza for $949.7m
CapitaMalls Asia acquires Minhang Plaza and Hongkou Plaza for $949.7m
CMA’s post-acquisition effective stakes in the properties will be 65% and 72.5% respectively.
CapitaLand acquires 50% interest in Innov Tower
The deal for the Shanghai offcie was worth $56m translating to RMB$24,130 psm.
Sabana REIT acquires 39 Ubi Road 1 for $32m
The subject property has a remaining tenure of approximately 40.4 years.
Frasers Commercial Trust gets go-ahead to redevelop KeyPoint
Conditions include minimum 60% of GFA for residential use and a commercial portion of not more than 40% but not less than 20% of GFA.
Parcel 3 at Woodlands Avenue up for sale
The tender for the site will close at 12 noon on 13 September 2011.
CapitaLand subsidiary put under members’ voluntary liquidation
CapitaLand China Holdings (Commercial), a subsidiary incorporated in Singapore, has been dormant since 2010.
UOL’s profit up 16% to S$202.2m in 2Q11
Its revenue also increased 40% YoY to S$455.9m.
CapitaLand acquires 14.7% additional interest in Raffles City Shenzhen
The acquisition was worth RMB531.7 million or approximately S$99.3 million.
Are existing office spaces soon to be ghost towns?
A two-tier market within Grade A office space is on a tear, due to a spate of relocations from existing office buildings to newer ones in the CBD.
Hammering away: Construction sector grows by 1.5%
Thanks to increases in public sector construction activities.
Decent dividend: Industrial REITS offer highest yield for investors
And Cache Logistics Trust offers one of the highest yields at 8.5% in FY11.
Grade A office rents up 1.5% to $10.15 per sq ft per month
Rents at OUE Bayfront and Ocean Financial Centre have edged up more than 5.0% since their TOP in 1Q11.
Singapore is the third most expensive office location in Asia Pac
A title it holds for eight quarters in a row now as office rents rose by 6.2% to $8.90 per sq ft per month in 2Q11.
Office rental rates to continue rising but less likely to hit pre-crisis levels
Strong positive rental reversion to only come in 2013, says DMG Research.
CapitaLand's profit up 17% to S$399m
This second quarter figure brings the Group’s profit for the first six months to half a billion Singapore dollars.
OUE’s profit up 20.3% to S$20.1m
Revenue growth of 39.8%, boosted by contributions from its hospitality business and its commercial properties, DBS Building Towers One and Two and...
Report: Singapore is top office destination in Asia
Pacific Star Group rated Singapore as top destination for office property investment in Asia.
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