Commercial Property
Keppel Corporation’s net profit down 9% to $927m in FY22
Keppel Corporation’s net profit down 9% to $927m in FY22
The decline in urban development earnings caused net profit decrease.
CapitaLand Ascendas Reit’s DPU up 4.3% due to positive rent aversion
The Reit also posted high portfolio occupancy.
Strata office market sales reached $743.1m in H2 22
There were 155 units sold in the second half of 2022.
FLCT hits 95.9% occupancy rate in Q123
It recorded 239,500 sqm of leases and renewals.
Bukit Sembawang COO steps down
His resignation came two years after his appointment.
Global MNCs drive ‘strong’ Guoco Midtown take-up
To date, GuocoLand has achieved an 80% pre-commitment take-up.
Freehold commercial building in Little India to be sold for $43m
The property will be put on sale via tender on 2 February.
Tender for Tampines North Drive 4 site opens
The site is under the first half of the 2023 IGLS Programme.
Collective sale tender for Orchard Bel Air reopens
The property has a guide price of $587.5m.
MapleTree Pan Asia Commercial Trust's NPI soars 76.8% YoY to $179.4m in Q3FY22/23
Higher earnings from its Singapore portfolio were amongst the drivers of income growth.
CICT’s DPU went up 2.7% YoY to 5.36 cents in H2 22
Its distributable income was at $355.1m.
Cromwell European Reit’s portfolio valuation down to $3.5b
The CEREIT’s portfolio reduced 1.6% compared to June 2022.
OUE C-REIT posts higher NPI of $103.3m in H2 2022
Lower rental rebates drove the increase.
ESR-LOGOS REIT’s NPI soars 41.0% YoY to $244.2m in FY22
The REIT attributes the increase to contributions from ALOG Trust.
Negotiations on St Katharine Docks acquisition underway: CDL
The company clarified reports it has acquired London-based SKD.
4-storey commercial property along Serangoon Road up for sale
Expression of interest ends on 7 March at 3 p.m.
What property experts have to say on the JTC industrial rental index
Occupancy rate declined 89.4% in the past quarter.
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