Commercial Property
Mapletree Logistics Trust posts 1.9% DPU growth in Q3
Mapletree Logistics Trust posts 1.9% DPU growth in Q3
DPU stood at 2.227 cents on an enlarged unit base.
Suntec REIT's distributable income rises 3.4% YoY to $255.5m in FY22
The increase also pushed distribution per unit up to $0.08884.
Prime retail spaces in Orchard Road to sustain rental growth in 2023
EDMUND TIE expects the sector to post a full-year rental growth of 7%-9%.
Chip Eng Seng’s closing date prolonged
The bourse filing showed that the closing date of the offer is on 2 February.
GuocoLand attributable drops by 13% in first half
This is despite a 46% revenue growth.
S-REITs underperforming due to interest rates, inflation: CGS-CIMB
The FSTREI declined 16% year-to-date.
SG is 2nd most preferred destination for cross-border investment in APAC
Last year, the Lion City ranked third.
Total property investment volume up 2.8% YoY to $29.1b in 2022
The investment market may remain in “price discovery mode” in the first half of 2023.
Hoe Chiang Road and Lim Teck Kim commercial site for collective sale for $216m
The 999-year leasehold has a total land area of 1,722.5 sqm.
Prime retail rent to grow between 3-5% in 2023: report
This recovery will be led by the shopping belt on Orchard Road.
How Singapore's prime rental rates compare to APAC markets
In Q4, the Lion City saw a 5.5% YoY increase in rental rates.
Savills brokers sale of $32.68m office units in Southpoint
The sale translates to $3,000 per square foot.
Meyer Park relaunched for sale at a lower reserve price
The reserve price for the property is $390m.
Food zone production site at 6 Tuas Bay Walk up for sale
The sale will be via a private treaty.
Demand for flexible workspace rises 37% YoY in 2022
The rising demand pushed average rates up by 4%.
Prime Grade office rents in Raffles Place/Marina Bay up 5.5% YoY in 2022
The occupancy rate was also “healthy” at 95.5%.
Frasers Property Group makes key leadership changes in its hospitality businesses
It named a new CEO for Frasers Hospitality amongst others.
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