Commercial Property
CapitaLand Mall Trust NPI rose 4.7% to $125.65m in Q1
CapitaLand Mall Trust NPI rose 4.7% to $125.65m in Q1
High occupancy in IMM, Clarke Quay, and two other properties boosted revenue and income.
Frasers Logistics and Industrial Trust buys 21 European properties for $515.4m
It marks the company’s strategic entry into German and Dutch logistics and industrial markets.
Frasers Commercial Trust NPI down 25% to $22.43m in Q2
It blamed lower occupancy in five properties, including China Square Central.
1 in 4 real estate bosses pick Singapore for relocation
They believe Singapore is a secure space that can mitigate rental escalation.
Ascott REIT's Q1 results hit by weak corporate demand in Singapore
Revenue per available unit fell 7%, causing the surprise of some analysts.
Daily Briefing: Sembawang Shopping Centre sold for $248m; Ambassador says Singapore could have lost appetite for TPP revival
And here's how you could be hit by the Fed's higher interest rates.
Singapore's industrial property market is bottoming out
Overall industrial leasing activity jumped 35% YoY in the first two months of 2018, the strongest since 2013.
Keppel REIT Q1 net property income down 0.6% to $31.22m
Its property income from 275 George Street crashed 26.5% to $3.74m.
Chart of the day: Industrial leasing activity hits a 5-year high
It jumped 35% YoY as the number of firms optimistic on the manufacturing sector stayed on the upside.
Soilbuild Business Space REIT NPI fell 11.6% to $16.m in Q1
It blamed lower contributions from 72 Loyang Way, West Park BizCentral, and Eightrium.
Keppel Infrastructure Trust Q1 profit up 10.9% to $7.5m
This was due to higher contributions from City Gas and lower fees incurred from Basslink's outage.
Manulife US REIT buys Pennsylvania Avenue property for $238.72m
It also bought the Phipps tower in Atlanta for $268.89m.
CapitaLand could have offered JP Morgan discounted rents for CapitaSpring
Analysts think the rents could have hit $12-$14 psf/month for nearly 25% of the property's leasable area.
CACHE converts CWT Commodity Hub's lease structure to multi-tenancy
It will continue to lease 61% of the premises.
Law firms' real estate costs per worker hits $39,982
It is the third lowest amongst eight Asian cities Colliers International surveyed.
SPH REIT Q2 NPI down 1.1% to $42.2m
Paragon’s negative rental reversion of 7.1% pulled down revenue.
Chart of the Day: 2 in 3 en bloc site buyers are from Singapore
More developers are positive about the property market.
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