Commercial Property

Commercial site Goldhill Shopping Centre up for en bloc sale at $425m
14 May 18
It has 3 blocks of walk-up commercial units with those in the ground floor used as retail shops.
OUE Q1 profits crashed 90.7% to $1.03m
14 May 18
It blamed a non-cash fair value loss on its investment in a mutual fund.
CityDev Q1 profits down 16.3% to $80.03m
14 May 18
Its sales, however, jumped 66% to 459 units with a total sales value of $792.6m.
UOL Q1 profits dipped 8% to $73.82m
14 May 18
Property development revenue fell 7% due to the completion of Riverbank@Fernvale in March 2017.
OUE C-REIT net property income up 1.8% to $35.28m in Q1
10 May 18
It was able to cut maintenance expenses and utilities cost.
Lethargic bidding dented industrial investment sales by 30% in Q1
10 May 18
But REITs are gaining traction for selling their non-core assets in order to regain capital.
Frasers Property Q2 profits up 74.5% to $124.25m
10 May 18
Its revenue was boosted by sales in China and Australia and contributions from UK business parks.
JTC launches sale of Reserve List site at Braddell Road
9 May 18
A bidder committed a price of $18.3m.
CapitaLand codeveloped first kindergarten in Vietnam
9 May 18
The kindergarten provided education for 350 students aged five and below.
Perennial Real Estate Holdings Q1 profit crashed 86.7% to $5.14m
9 May 18
Its earnings were hit by the partial divestment of TripleOne Somerset.
Chart of the Day: Commercial investment sales crashed 86% to $437.4m
9 May 18
The sale of Capitol Singapore was the lone major transaction in the quarter.
Prime commercial shophouse in New Bridge Road up for sale at $6m
8 May 18
The property is approved for F&B use up to 2019.
Keppel sells Shenyang City township project for $105m
8 May 18
It sold its interests in Keppel Bay Property Development Shenyang, which owns the project.
CBD rent hikes could lure tenants to fringe areas
8 May 18
Tenants are resisting rent hikes in the CBD, which rose 1.3% QoQ.
Shophouse sales soared 281% to $478.6m in Q1
7 May 18
The strong demand came from local and foreign high net worth individuals.
Property investment sales surged 89% as market beats trade worries
7 May 18
The residential en bloc momentum continued to bolster sales to $11b.
Keppel DC Reit to buy Kingsland Data Centre for $295.1m
7 May 18
The acquisition aims to cater to multinational demand for data centre space.
Singapore's top office REITs NPI down 3.4% to $48.5m in 2017
7 May 18
Average gross revenue also edged down 2% to $65m.
Office rentals dipped 0.6% in Q1
6 May 18
Gross rent for prime office spaces grew 1.3%, causing slower leasing activity.
Co-working firm Impact Hub Singapore rebranded as Found.
3 May 18
It will open its third space on Amoy Street in the CBD this year.
UOB partners with coworking operators to offer 20% rental discount to startups and SMEs
2 May 18
The discounts will cover 33 coworking spaces owned by five Southeast Asian firms.
CapitaLand Q1 profits slipped 18.8% to $319.09m
2 May 18
It blamed the absence of the gain from the sale of The Nassim.
SPH REIT buys The Rail Mall for $63.24m
1 May 18
It will use the property to improve its food and beverage offerings.
Check out Oracle's new digital hub in Singapore
1 May 18
It is located in Mapletree Business City.
UIC profits up 1% to $60.24m in Q1
30 Apr 18
It was saved by higher revenue from its information technology operations.
Manulife US REIT Q1 NPI up 54% to US$19.65m
30 Apr 18
It cited higher income contribution from the Plaza and Exchange.
Tuas Bay Close industrial site sold for $29.85m
30 Apr 18
Soilbuild Group Holdings won against one other bidder.
Office space prices up 1.3% in Q1
27 Apr 18
Rents also grew by 2.6%.
CapitaLand Retail China Trust Q1 NPI down 7.7% to $37.18m
26 Apr 18
It lost income from CapitaMall Anzhen, which it sold 1 July 2017.
Mapletree Logistics Trust full-year NPI up 6.9% to $333.84m
26 Apr 18
It recorded higher revenue from 12 properties.
Industrial property prices and rents are turning around
26 Apr 18
Property prices dipped 3.6%, whilst rents fell 2%.
Dairy Farm sells 14 7-Eleven stores
26 Apr 18
The portfolio is composed of 13 prime HDB shophouses and a retail shop.
TripleOne Somerset secures tenant in co-working space firm IWG
25 Apr 18
IWG will lease 35,000 sqft and two floors for its Amsterdam-grown Spaces concept.
Mapletree Greater China Commercial Q4 NPI down 6% to $72.86m
25 Apr 18
Revenue fell due to the reversal in VAT for Gateway Plaza.
Frasers Centrepoint Trust Q2 NPI up 6.9% to $34.8m
25 Apr 18
The revamp of Northpoint City North Wing allowed it to recover revenue.
Suntec REIT Q1 net property income up 1.9% to $62.99m
25 Apr 18
It was boosted by higher revenue from Suntec Singapore and Suntec City Mall.
CapitaLand Commercial Trust loses 85% of Bugis Village's value
25 Apr 18
It will be returned to the State on 1 April 2019.
Frasers Logistics and Industrial Trust's European debut to boost DPU: analysts
24 Apr 18
FLIT bought 21 industrial properties in Germany and the Netherlands from its sponsor.
Mapletree Commercial Trust year-end NPI jumped 15.9% to $338.85m
24 Apr 18
VivoCity and MBC I contributed higher revenue due to step-up rents.
Oxley and SLB Development buy Pei Fui industrial building for $76.25m
24 Apr 18
They intend to redevelop the property.

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