Commercial Property
NetLink's profit up 1% to $78.1m in FY2020
NetLink's profit up 1% to $78.1m in FY2020
The increase is driven by higher revenue from residential and non-residential connections.
MIT could lose 10-20% of tenants if circuit breaker tightens
Its management estimates that 10% might seek rent deferrals.
SPH REIT to grant full rental waiver to retail and medical tenants
A rental relief of 30% will be given to eligible office tenants.
Government rolls out temporary relief measures for property developers
It extended the completion period of residential, commercial and industrial projects.
Chart of the Day: Retail property vacancy rate widened to 8% in Q1
The take-up of some of the new retail projects was slow during the quarter.
SPH sells 5.29% stake in AXA Tower
Investors entered into a share purchase agreement with Alibaba Singapore.
OUE C-REIT's NPI up 42.5% to $62.08m in Q1
Mandarin Gallery, Mandarin Orchard Singapore and Crowne Plaza Changi Airport boosted NPI.
Sasseur REIT's first-day spring sales skyrocketed 411% from reopening
Chongqing nabbed the largest share of the first-day spring sales at $5.16m.
Lendlease REIT's NPI up 4% to $16.6m in Q1 from IPO forecasts
Its DPU rose to 1.28 cents from 1.27 cents.
Oxley to clinch $1.4b revenue from Singapore projects
It has sold 73% of its islandwide development portfolio.
CapitaLand Mall Trust's NPI up 5.9% to $148.3m in Q1
But DPU is 70.5% lower as CMT retains part of taxable income to brace for pandemic’s impact.
Renewables and gas-related solutions to lift Keppel's revenue: analyst
The O&M division’s operating profit remained strong at $28m, versus $3m in Q1 2019.
FLCT's NPI climbed 14.2% to $50.47m in Q2
DPU edged up 4.4% YoY to 1.73 cents.
SPH REIT secures 5-year refinancing for $280m loan
Portfolio weighted average debt term to maturity expected to increase to three years.
Keppel's net profit flops 21% to $160m in Q1
Profit contraction attributed to 70% divestment of interest.
CCT's NPI up 0.7% to $80.3m in Q1
This is despite the 25% crash in DPU to 1.65 cents.
Prime US REIT's NPI up 6.7% in Q1
The outpermance is driven by acquisition of Park Tower in Sacramento.
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