Commercial Property

IREIT Global names Kevin Tan as CFO

IREIT Global names Kevin Tan as CFO

He is head of investor relations and capital markets for IREIT.

OUE REIT issues 7.1 million units as base fee payment

The units were issued under the trust deed constituting OUE REIT in 2013.

CapitaLand India Trust’s DPU rises 6% YoY in 2024

Recent acquisitions and higher rental income drove this increase.

CapitaLand Ascott Trust profit up 8% in 2H 2024

The group’s revenue also rose 6% YoY to $423.2m.

MPACT’s NPI declines by 8.5% YoY to $166.9m in Q3

Its gross revenue also decreased by 7.4% YoY to $223.7m.

Aging industrial assets to face pressure from incoming supply

JTC expects 1.2 million sqm of new industrial space to be completed in 2025.

Suntec REIT’s distributable income decreases by 1.6% in 2024

DPU from operations to unitholders was 6.192 cents.

OUE REIT posts 2.3% NPI decline to $116.9m in H2 2024

This was due to the upward revision of prior years’ property tax for Hilton Singapore Orchard and Crowne Plaza Changi Airport.

ESR China REIT raises $390m in Shanghai Stock Exchange IPO

It had 800 million shares offered at $0.48 (RMB2.628) per share.

Keppel DC REIT DPU climbs 13.2% YoY in H2 2024

This was driven by the acquisition of Tokyo Data Centre 1.

Starhill Global REIT DPU up by 1.1% in H1 2024

It was due to higher contributions from Singapore and Perth Properties.

Singapore office market growth to slow amidst occupier caution, rising supply

The influx of new developments may lead to a more competitive leasing environment and potential pressure on rental growth.

Singapore leads growth of APAC’s commercial real estate transaction volume

The country has a key position in APAC’s real estate market.

Industrial rents up 3.5% in 2024

This was a sharp decline from the previous year according to JTC.

Singapore’s property agent numbers rise to over 36,000 in 2025

The largest property agency in the country is PropNex.