Commercial Property
Chart of the Day: Rental growth of Grade A offices to be subdued in 2023
Chart of the Day: Rental growth of Grade A offices to be subdued in 2023
Rents will grow 2% YoY in 2023, according to Savills.
Net take-up for CBD Grade A office space down 471,000 sq ft in Q1
Its vacancy also increased 7.4% amidst rising economic challenges.
CBD Grade A office spaces vacancy rises to 7.4% in Q1
This is the second consecutive quarter that the vacancy rate increased.
Yanlord Land contracted pre-sales doubles to S$810m in April
The city of Suzhou contributed the highest with S$407m.
OUE Commercial REIT’s NPI up 18% YoY in Q1
Its revenue also grew due to Hilton Singapore Orchard's contributions.
AA REIT posts 5.1% YoY growth for DPU in FY 2023
The distribution per unit (DPU) grew to 9.944 cents.
CICT’s downtown malls to benefit from return-from-office workers
The recovery of China’s economy will also woo visitors in the malls.
Keppel to adopt ‘horizontally integrated model’ in restructuring
The model comprises three platforms.
New acquisitions boost CapitaLand Ascendas REIT's SG portfolio occupancy to 92.3% in 1Q23
The REIT recently acquired properties at 622 Toa Payoh Lorong 1 and 1 BurohLane.
Prices and demand for shophouses to pick up in the coming months
The ABSD rate hike will help drive demand in the market.
Mapletree Logistics net property income dips 1.8% YoY to $154.3m in 4Q FY22/23
The REIT attributed the decline to the depreciation of foreign currencies against the Singapore dollar.
Industrial occupancy, rental growth to ease further: experts
Huttons said rents of industrial space may see not more than 3% growth in 2023.
Mapletree Industrial Trust’s net property income rises 9.7% YoY to $518m in FY22/23
Despite the increase, the REIT posted a lower DPU of $0.1357.
Travel recovery boosts Frasers Hospitality Trust’s NPI to $45.2m in 1H23
The REIT’s net property income rose by 42.9%.
Industrial occupancy drops to 88.8% in 1Q23
The occupancy rate is lower than the 4Q22 record by 0.6 percentage points.
MPACT’s NPI up 82.2% YoY to $177.4m in Q4 FY22/23
The real estate firm said all markets documented positive rental uplifts.
CDL Hospitality Trust’s net property income grew 35% YoY in Q1
The highest net property income (NPI) increase comes from Singapore.
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