Commercial Property
MNACT's NPI down 19.5% to $68.5m in Q1 FY2021
The decline was mainly attributed to rental reliefs granted to tenants.
CapitaLand begins construction on third IT park in Chennai, India
Phase 1 will comprise two buildings offering 2.6 million sqft of premium Grade A office space.
Offices in financial district 'highly vulnerable' to rising sea levels: study
Office spaces in 51 buildings are in high flood risk areas as of Q1.
Retail space prices shrink 1.5% in Q2
The island-wide vacancy rate rose to 9.6% during the second quarter.
Office space prices drop 4.3% in Q2
The island-wide vacancy rate has increased to 12.1% during the same period.
Industrial property prices down 1.7% in Q2
However, JTC noted that this does not cover the full impact of the pandemic.
11 retail shops in Sim Lim Square up for sale for $21m
The EOI will close on 25 August.
Elite Commercial REIT posted $15.97m NPI since listing
It saw greater profit than expected due to higher revenue and savings.
CapitaLand Commercial Trust's NPI down 4.5% to $151.1m in H1 2020
Its Singapore properties were affected by upgrading works and lower occupancies.
Keppel Pacific Oak US REIT's NPI up 15.7% to $58m in H1
This was driven by contributions from One Twenty Five in Dallas, Texas.
3 commercial shophouses in district 1 & 2 launched for sale
The shophouses are located in the popular, hipster areas of Ann Siang and Keong Siak.
CapitaLand Mall Trust NPI crashed 20.8% to $216.35m in H1
This was attributed to lower gross rental income arising from the rental waivers granted to tenants.
Keppel DC REIT's NPI up 32.1% to $114.22m in H1
This is attributed to the firm’s acquisitions of Keppel DC Singapore 4 and DC1.
Mapletree Logistics Trust's NPI up 12% to $118.84m in Q1
This was attributed to lower utilities cost and maintenance expenses.
Keppel REIT NPI dropped 7.2% to $28.81m in Q2
The REIT’s distribution per unit (DPU) inched up 0.7% to $0.14.
Property investment sales crashed 73.4% to $1.7b in Q2
The presence of several big-ticket commercial deals bolstered investment sales.
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