Commercial Property
First Sponsor’s 1H profit soars 79% despite lower revenue
First Sponsor’s 1H profit soars 79% despite lower revenue
Revenue fell to $153.9m from $172.9m, largely due to fewer property handovers in China.
Decline in mortgagee sales slows auction listings in Q2
A decline in interest rates also has a role in this trend.
Freehold Geylang Hotel launched for sale at $23.5m
The property, located at 60 Lorong 8 Geylang, has a guide price of $23.5m.
Office space prices fall further in Q2
Island-wide vacancy rate declined to 11.4% QoQ.
Vacancy rate in retail space rises to 7.1% in Q2
Retail space prices inched up by 0.1%.
COTD: Commercial shophouse activity slows in Q2
There were only 18 shophouse transactions, falling 10% quarter-on-quarter.
ESR-REIT completes asset enhancement initiative
The initiative added 2,793 square metres of high-specification industrial space.
Keppel DC Reit NPI grows 37.8% in H1
It was mainly driven by acquisitions.
Creator-led retail space opens in Dempsey Hill
Reverie On Hill (ROH) positions itself as Singapore’s first creator-powered retail space that offers shoppers incentives
Industrial space hits 54 million sqm despite occupancy dip: JTC
Despite this softening, occupancy has remained relatively stable at around 89% since 2023.
CBD office rents steady in Q2
It was up by 1.1% QoQ, the highest increase since Q2 2023.
Mapletree Logistics Trust’s DPU down 12.4% YoY in Q1
Its net property income stood at $153.4m, a 2.1% YoY decline.
Elite UK REIT gets green light for Scotland student housing conversion
Following its development, the property will have a gross development value of $41.6m.
CapitaLand Malaysia Trust’s DPU grows 4.2% YoY in H1
Net property income also grew by 7.3% YoY.
Upper Cross Street property up for sale
It has a total gross floor area of 1,331 square metres.
Read Here
Advertise
Sign Up
Commentary
‘Tokenmaxxing’ – The wrong AI race to run in Singapore
To outsmart modern fraud, we must first know the enemy
Why Singapore SMEs cannot wait for quantum cyber risk to arrive before securing data
Is Singapore's emphasis on long-term security and stability hindering purpose-driven employees?
When Singapore's agentic AI ‘chefs’ arrive, will the kitchen be ready for them?
What Singapore’s app store rules reveal about the future of online trust
Faster hiring alone will not fix construction’s productivity problem
Beyond policy: How Singapore's service sector can win at the frontline
Solving the production problem behind Singapore’s ‘pilot purgatory’