Commercial Property
Two full strata office floors in Downtown Core for 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.
Netlink NBN Trust posts over 24% profit growth in first nine months
Its profit after tax amounted to $81.8m.
Elite Commercial REIT DPU fall 11.4% in FY 2022
The decrease was due to increased borrowings and a marginally lower occupancy rate.
LHN Group's COLIWOO acquires GSM property for $80m
The property comprises 33 units.
SG only city with increase in deal volume: MSCI
It posted a $10b mark for trade volume.
Chart of the Day: Trading volume for commercial assets down 41% YoY in Q4 22
Strata and shophouses continued to see investment activity.
Manulife US Reit’s DPU dips 10.3% YoY to 2.63 US cents in H2 22
It stemmed from distributable income that went down 1.7% to $55.4m (US$41.9m).
Barbara Cambon bows out as Prime US REIT CEO
CFO Harmeet Singh Bedi will take over the post on 8 March.
Keppel Land unit to divest 100% stake in Willowville for $7.37m
The purchaser of the stake will pay in two tranches.
Broker retains outlook for S-Reits stocks as overweight
Amongst notable Reits are MPACT and FLT.
Chart of the Day: Occupancy rate of industrial property down 0.3% in Q4 22
Colliers said there was an uptick in new completions.
Shophouse market posts 25.6% drop in sales in 2022
An estimated 189 shophouses were sold during the year.
Growth of industrial rents to moderate by 1%-3% in 2023: Colliers
In 2022, the market recorded an annual growth of 6.9%.
Boustead Industrial Fund acquires J’Forte Building for almost $100m
The property has 44 years left on the lease.
CapitaLand India Trust’s NPI jumps 7% YoY to $166.8m in FY22
The increase pushed CLINT’s DPU up to $0.0819.
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