Commercial Property
United Hampshire US REIT's NPI slips 1.6% YoY in H2 2024
United Hampshire US REIT's NPI slips 1.6% YoY in H2 2024
NPI for the period was $32.7m (US$24.4m).
Two District 1 properties along Hongkong Street up for sale
The properties are located at 7 and 36 Hongkong Streets.
Manulife US REIT divests New Jersey property for US$40m
Divestment proceeds will repay 19% of 2026 debt.
Manulife US REIT’s FY2024 NPI drops 30.3% YoY
DPU also dropped 43.9%.
Retail vacancy rate falls to 10-year low with strong demand in 2024
Demand may rise with tourist arrivals in 2025 but could be offset by outbound travel.
12 Sky Eden@Bedok retail units on the market for $45.2m
The units have a total combined strata area of approximately 11,193 sq. ft.
Grade A office rents to stay stable in 2025 amidst strong leasing
Despite supply-side challenges, positive rent reversions remain likely in 2025.
LHN Group acquires Geylang property for $30m via joint venture
The JV company paid $3m, representing 10% of the purchase price.
Business park vacancy rate hits 14-year high in Q4 2024
The vacancy rate for the period reached 22.1%.
Centurion expects substantial profit increase for FY 2024
It is mainly due to the net fair value gain on the group’s investment properties.
Keppel DC REIT divests interest in German data centre
The transaction is based on an all-cash offer of $70.6m (EUR50m).
GuocoLand unit bags River Valley Green land at bid price $627.8m
It will be developed as a high-end waterfront development.
Bukit Timah Plaza unit up for sale for $9.8m
It has a total strata area of approximately 3,391 square feet.
Retail units in Peninsula Plaza on the market for $10.9m
It has a combined strata area of 1,119 square feet.
Shophouse sales fall nearly 39% in 2024, lowest since 1998: Huttons
The shophouse market only recorded 84 caveated transactions, below the average of 200 transactions from 1995 to 2023.
New Bridge Road commercial site up for sale at $80m
The sale will be via an Expression of Interest.
Paragon Reit NPI up 4.5% in FY2024
It was driven by positive rental reversions.
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