Commercial Property
Mapletree Commercial Trust NPI up 5.6% YoY to hit $291.31m in FY21/22
Mapletree Commercial Trust NPI up 5.6% YoY to hit $291.31m in FY21/22
Thanks to the higher compensation received from lease pre-terminations.
Suntec REIT DPU up 17.1% YoY to 8.67 cents for FY21
The result was due to a higher distribution income of $129m.
FCT maintains occupancy rate of 97.2% for Q1
Thanks to the healthy demand in retail spaces with the malls.
FLCT to divest Cross Street Exchange for $810.8m
The value represents a 28.3% premium over the property’s book value of $632m.
CapitaLand acquires JCube for $340m
The transaction will be completed within the first quarter of 2022.
Frasers Property Singapore new chief is FPHT's Soon Su Lin
Soon will hold the position effective 1 April.
SG sees highest-ever shophouse transaction value in 2021 at $1.9b
This exceeds 2019 and 2020’s combined transaction values.
ESR-REIT makes 5.3% higher offer for ARA LOGOS
The increase represented increased considerations of 2.1% in cash and 5.8% in shares.
Yanlord pre-sales reach $852.5m in second batch of Shanghai launches
It achieved a 100% sellout in its apartment launches at Yanlord Arcadia.
S-REITS well-positioned to weather interest rate hikes: RHB
This after S-REITs delivered a modest 6% in total returns in 2021.
CapitaLand Development divests Vietnam-based Capital Place for $751m
It will redeploy the proceeds from this divestment into higher-yielding assets.
SG office rents up as workplace revolution persists
Prime office rents rose 1.5% QoQ in the fourth quarter of 2021.
Will the real estate sectors' positive momentum in 2021 continue in 2022?
CBRE said growth will moderate in one of the sectors.
CLI opens 79 Robinson Road in Tanjong Pagar CBD
It has EV parking slots, a cooling energy redirection system, and more sustainable features.
Colliers appoints new head of Industrial Services for Singapore
Lynus Pook will be heading the division.
8 of 10 SG businesses see real estate as critical for sustainability goals
80% of Singapore’s 60.7m sq. ft. of office space has been certified green.
Neil Road Shophouse goes on sale for $16.2m
JLL will serve as the exclusive marketing agent of the property.
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