Commercial Property
Mapletree North Asia Commercial Trust NPI up 10.7% to $85m in Q1
Mapletree North Asia Commercial Trust NPI up 10.7% to $85m in Q1
Higher rental incomes from Festival Walk, Gateway Plaza and Sandhill Plaza boosted revenue.
Chart of the Day: Warehouse rents down 1.5% in Q2
Rents for first-storey and upper-storey multi-user factories also slipped 0.5%.
CapitaLand's Raffles City Chongqing achieves 95% retail leasing rate ahead of September launch
Adidas Sportswear Collective, Haidilao hotpot and Charles & Keith will open its stores in the mall.
Top office REITs averaged 19.6% YTD return
Mapletree Commercial Trust was the strongest performer with YTD total returns of 28.6%.
Frasers Logistics & Industrial Trust's NPI climbed 24.4% to $46.3m in Q3
Acquisitions in Australia and Europe pushed income up.
Chart of the Day: Office property investments nearly doubled to $1.9b in Q2
It outgrew the residential segment where investments plummeted to $914.2m.
Mapletree Industrial Trust eyes international buys to boost overseas AUM to 30%
It could enter third party deals in Europe and Asia to drive DPU growth.
Office prices climbed 0.9% in Q2: URA
Rentals of office space also rose 1.3% in the same period.
Mapletree Commercial Trust's NPI inched up 2.8% to $88.35m in Q1
All properties except Mapletree Anson performed strongly in terms of contributions.
Suntec REIT's NPI down 7.4% to $114.56m in H1
Sinking fund contribution for Suntec City Office’s upgrades worth $8m hit earnings.
Industrial property occupancy rates inched up 0.6 pp in Q2
Multiple-user factory spaces recorded a 1.2 pp increase in occupancy to 87.2%.
How will Capitaland Mall Trust see rental growth amidst incoming competition?
Its portfolio occupancy slipped slightly to 98.3% as at end-Q2 2019.
CapitaLand upsizes stake in Morganite by 20% for $4.4m
The group now holds 55% of the property development firm.
Average CBD Grade A office rents jumped 12.6% to hit 10-year high in Q2
Rates in Beach Road/Bugis Area rose 18% to $9.18 psf pm.
Mapletree Industrial Trust's NPI grew 12.2% to $77.92m in Q1
New revenue contributions from 18 Tai Seng and 30A Kallang Place drove up earnings.
Frasers Centrepoint Trust NPI down 1.1% to $34.6m in Q3
The absence of property tax refund hit income.
Chart of the Day: Total office supply in CBD to hit 3.3 million sqft by 2022
Marina Bay will account for most of its stock.
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