Commercial Property
Ascendas REIT’s net income increase 7% YoY to $476.9m in H1 22
Ascendas REIT’s net income increase 7% YoY to $476.9m in H1 22
The increase was driven by contributions from its newly acquired properties.
Chart of the day: Transaction volume of strata offices falls by 15.7% for H1 2022
The 145 units sold totaled $365.1m.
Strata office transaction value shrinks to $365.1m in H122
Compared to H221, the H122 figure represents a 15.7% decline.
Possible S$4b Mercatus acquisition to fortify CICT’s defenses
CICT will likely embark on an equity fund-raising if its bid is successful.
ESR-Logos Reit sells Pandan Logistics Hub above valuation
The logistics hub will sell for $43.5m.
Shophouses, residential building up for tender on 2 August: PropNex
Tender sales for the properties will close on 9 and 7 September, respectively.
Ascendas India Trust net property income climbs 8% in H1
Its net property income stood at $103.3m.
Starhill Global REIT’s NPI jumps 7.6% YoY to $75.1m in FY21/22
The cessation of rental rebates in Malaysia contributed to the increase.
Investment sales for properties could exceed $30b: report
Investors seek to field capital whilst inflation keeps rising.
Top Singapore REITs unscathed by rising interest rates
Improving net operating income will help them mitigate costs.
Ascott Residence Trust posts 14% DPS growth in H1 22
Its distribution per stapled security went up to $0.0233.
Rising rents to boost Suntec Reit’s office, retail assets: Maybank
The firm’s distribution per unit went up 15% in the second quarter of 2022.
Property market to see ‘relatively’ strong, yet slower growth
Investment sales are expected to exceed $30b in 2022.
Industrial occupancy rate inches up to 90% QoQ in Q2
This is on the back of the multiple-user factory and warehouse segments.
Full-year sales of shophouse market to hit below $2.0b
In H1, sales value was at $938.8m.
Chart of the day: 114 shophouses sold for $938.8m in H1 2022
Sales activity may have dipped however the market shows no sign of slowing.
Park View Mansions acquired enbloc for $260m
The property will be turned into a residential development.
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