Commercial Property
Keppel Land unit to divest 100% stake in Willowville for $7.37m
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.
Commercial building on South Bridge Road sold for $13.58m
The building has a gross floor area of 1,042.31 square meters (sqm).
SG and Dubai seen to be top cities for prime capital growth: Savills
It was forecasted that Singapore’s growth will be between 6% to 7.9%.
Digital Core REIT NPI reaches $91m in FY22
Its portfolio occupancy is at 96% as of January 2023.
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.
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