Commercial Property

SG rolls out new anti-money laundering and terrorism financing requirements for developers that take effect on 28 June.

Buyers could use the 18,540-square-foot site for commercial or hotel development.

The issue price represented 5.1% of the $2.8727 VWAP per unit.

Investors from SG deployed a total of US$15.8b into global real estate in 2022.

The REIT attributed the increase to the resilient performance of its existing properties.

Its DPU showed resiliency despite falling 2.4% YoY in Q1.

Knight Frank said Google has the highest market share.

The 33-storey building will offer 650,00 sq ft of technology-forward spaces.

The companies will have 2.9% and 13.4% stake in Fäbodliden II, respectively.

The Lion City is amongst the only two major markets to post an increase in investment volume.

It went up to $225.8m in the first half (H1) of fiscal year 2023.

It deaccelerated from a 1% increase in the fourth quarter of 2022.

Manufacturing, logistics, biomedical, and food sectors will drive demand.

Given the drop, the REIT also posted a lower distributable income of US$14.9m.

Its real estate investment business saw an 11% YoY increase.

The REIT attributed the decline to Carter’s downsizing at Phipps.