Commercial Property
47% of retailers postpone seeking new space due to stricter COVID measures
47% of retailers postpone seeking new space due to stricter COVID measures
4 in 10, meanwhile, will push through with their plans to look for new places this year.
Yanlord contracted sales to decline in 2021: OCBC
SGX-listed Yanlord Land reported a 67.1% increase in its PATMI in the first half of the year.
Capitaland's H1 profit soars to $922.2m from $96.6m
This is a whopping 854.5% increase.
Sinarmas Land net profit rebounds to $123.04m
This is a massive improvement from the $1.3m recorded for the same period last year.
Cromwell European REIT net property income up 11.4% to $102.49m
Its income was driven by higher revenue from freshly acquired assets in Italy, the Czech Republic, and Slovakia.
Singapore is the 5th most active real estate investment market in APAC
Investment activity in the Singapore real estate market was up 97% in the first half of the year.
City Developments Ltd. suffers $32.1m loss for H1
The company points to a deferred tax credit of $17.6b as the factor for this loss.
City Developments Posts $9.7mm PBT for H1 2021
This is despite a revenue of $1.2b for H1 2021.
Retail rents slips 2.4% in H1 2021: Colliers
Average retail rents were expected to decline 1.8% by 2021.
Manulife posts DPU of 2.7 US cents
The amount is 11.5% lower than the amount recorded last year.
Singapore sees increasing need for add'l health, elderly facilities
The healthcare spending of Singapore is seen to reach US$26.3b in 2025, according to Fitch Solutions.
Strata office sales breaks 6 year record at $691.5m
The most expensive strata office was in Samsung Hub, which sold for $53.1m.
Keppel, SPH merger a good deal for both: UOB Kay Hian
Keppel is set to fully acquire SPH’s non-media businesses by end-December if shareholders approve.
ESR acquisition of ARA to make it largest real asset manager in APAC
ESR Cayman Limited is set to acquire ARA Asset Management for US$5.2b.
FLCT gears for COVID-19 impact on its retail portfolio
COVID-19 had a $1.1m impact on Frasers Logistics & Commercial Trust’s distributable income for the first nine months of the financial year.
Keppel subsidiary forms joint venture with Shanghai Topchain
The joint venture company will manage investment properties with potential for asset enhancement initiatives in China.
Restructuring of CLI to unlock substantial long-term value: CapitaLand CEO
CapitaLand plans to restructure and list CLI to include its investment management platforms and lodging business.
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