Commercial Property
Jardine Matheson reports $623m net loss for FY2024
Jardine Matheson reports $623m net loss for FY2024
This was due to lower contributions from Zhongsheng and Hongkong Land.
GB Building office floor, retail unit in CBD up for sale
The ground-floor unit is priced at $45m, reflecting $3,443 per square foot on strata area.
Hongkong Land widens loss by 138% in FY2024
It was due to non-cash provisions from the Chinese mainland build-to-sell business.
Service sector growth to ease office vacancy in 2025
Office vacancy in 2024 rose 9.4%.
JTC extends industrial land leases to boost business growth
This will cover the development phase to ensure businesses enjoy the full 20- or 30-year lease term.
Singapore’s office market stable with 5.2% vacancy rate: Colliers
Demand for prime office spaces in Singapore remains strong.
Singapore cap rates remained stable in Q4
Interest and inflation rates declined during the period.
More buildings must have lactation rooms in Q2
Installing a lactation room in Singapore will cost $20,000 to $40,000.
Hongkong Land appoints Executive Director for Westbund Central
Stuart Grant will assume the post on 30 June.
LHN Group maintains over 95% occupancy across key properties in 1QFY2025
It added 45 new keys to a property in Balestier.
3-storey strata terrace factory at Midview City on sale via EOI
The property has a guide price of $6.2m.
Catherine Wu resigns as adviser to CDL subsidiary
Her departure comes amidst an ongoing corporate governance dispute within CDL.
URA tender for Media Circle site closes with three bids
The highest bid was $315m.
SC Capital Partners sells Sydney student housing asset to UNSW
It has 233 student beds and a ground-floor commercial podium.
Elite UK REIT divests Wales property for $1.2m
This is at an 18% premium valuation.
LBC rates hike to have minimal impact on overall land market
Short-term investment activity is expected to remain reserved.
CDL Chairman defends governance amid legal dispute
CDL recently announced a trading halt.
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