Commercial Property
PropNex’s FY2024 net profit drops 14.4% YoY to $40.2m
PropNex’s FY2024 net profit drops 14.4% YoY to $40.2m
The decline was due to lower commission income from project marketing services.
CapitaLand unveils Community Resilience Initiative
The initiative will operate across China, India, Singapore, and Vietnam.
CapitaLand India Trust to buy 1.13 million sq ft office project in Bangalore
Net profit from the acquisition is expected to be $7.7m.
ESR-REIT prices $100m fixed rate notes
The offer will be issued under the $750m Multicurrency Debt Issuance Programme.
Heeton Holdings posts profit for FY2024
The company saw a double-digit increase in revenue.
Prime US REIT’s distributable income drops 48% YoY in H2 2024
The REIT credited the drop to divestments and lower property contributions.
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.
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