Commercial Property
Starhill Global REIT’s net income rises 8.4% YoY to $37.2m in Q1 FY22/23
Starhill Global REIT’s net income rises 8.4% YoY to $37.2m in Q1 FY22/23
The completion of asset enhancement work at The Starhill contributed to the increase.
MPACT’s net income jumps 44.9% YoY in H1 FY22/23
The “all-rounded” improvements in the trust’s Singapore properties drove the increase.
Rents in industrial property market climb 2.1% in Q3
Prices also increased by 2%, the JTC reported.
Mapletree Industrial Trust’s NPI grew 8.3% in Q2 FY 22/23
It attributed higher earnings from stable portfolio performance.
Shophouse property deals muted in Q3
Transactions during the quarter were down by half.
Sandpiper Hotel guide price to start at $35m
The property consists of 29 hotel rooms.
Merger helped raise ESR-LOGOS Reit Q3 22 NPI by 59.1%
ESR-LOGOS Reit posted net property income of $69.9m.
Frasers Centrepoint Trust reports DPU of 6.0911 cents for H2
Net income rose to $128.12m during the second half of its fiscal year.
Mapletree Logistics Trust’s net property income up 10.8% to $160m in Q2
DPU grew 3.5% to 2.248 cents.
Keppel signs MOU with Greenko to explore green ammonia production
They will explore the feasibility of developing a 250,000 tonne green ammonia production facility.
Keppel REIT distributable income up 3.4% to $165m
The REIT promised to distribute an additional $100m over the next 5 years.
Katong Point at Joo Chiat Road for sale at $100m
The commercial building is located near the upcoming train station.
CICT net property income climbs 12.7% in Q3
Its income stood at $273.3m.
Themed lifestyle stores gain ground in malls
Such stores include Daiso, Don Don Donki, Decathlon, and Muji.
Grade A office rents rise by 1.4% in Q3: report
This is the highest yearly growth in a quarter since end-2019, Savills noted.
Five-storey office building with 999-year tenure up for sale
The indicative price for the property is $120m.
Keppel Infrastructure opens 1st Green Mark Platinum Positive Energy building in Changi
The building is expected to yield about 600,000 kWh/year of renewable energy.
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