Commercial Property
P-One (Tuas) Pte Ltd bags $2.6m tender for 25 Gul Drive site
P-One (Tuas) Pte Ltd bags $2.6m tender for 25 Gul Drive site
The tender for the industrial site closed on 25 January.
Industrial property leasing volumes fall for first time in 11 years
Leasing of single- and multiple-use factory spaces slowed in Q4 2022.
ARA US Hospitality Trust’s NPI soars 66% YoY to US$41.4m in FY22
The higher NPI pushed the REIT”s DPS to US$0.03054.
Frasers Property secures 5-year SLL financing for Australian business
The SLL is worth $311.2m (A$340m) and $100.4m (US$75m).
Orchard Tower fails to sell
It did not obtain the required threshold for the collective sale.
Six-storey commercial building in Bugis for sale
Its indicative price is from $90m to $92m.
Retail units in Royal Square on sale: Savills
The sale will be closed on 24 March 2023.
Chart of the Day: Prime logistics rents in Singapore increasing
Singapore is one of the 17 APAC cities that recorded increasing rents.
Chart of the Day: Vacancy rate for office CBD buildings up 0.4% in Q4 22
Grade AA buildings posted the highest increase in vacancy rate.
Budget 2023: How will higher BSD rates impact the property market
The hike will affect 15% of residential and 60% of non-residential properties.
Growing demand for ESG-compliant offices expected in 2023: Savills
It will help offset impacts of economic woes on demand for office buildings.
Set of 3 freehold shophouses in South Buona Vista Road up for sale
The collective guide price for the shophouses is $22m.
GS Building sells for $67m
JVA Venture Pte Ltd won the tender for the property’s collective sale.
Two full strata office floors in Downtown Core for sale
The collective indicative guide price for both floors is $30m.
Paragon REIT NPI up 3.3% YoY to $279.9m
It was supported by the recovery of the retail industry.
Corner shophouse in Bukit Timah up for sale for $14.5m
The expression of interest will close on 21 March 2023 at 3 pm.
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