Commercial Property
Retail vacancy rate rises to 6.8% in Q1
Retail space prices also increased by 1.9%.
22 Keong Saik Road launched for sale at $17.5m
The guide price is set at $17.5m, or $5,295 per square foot.
Industrial leasing slips 0.4% QoQ in Q1
There were 3,008 rental transactions during the quarter.
Shophouse sales fall 43% QoQ to $100m in Q1: report
The market saw just 19 caveated shophouse transactions totalling $100m, a 43% drop in transaction value QoQ.
Industrial occupancy unchanged at 89% in Q1: JTC
The sector’s available stock rose to 53.5 million square metres.
Marina Bay Sands adjusted property EBITDA up 1.34% in Q1
Earnings in its operation in Macao reached $17m.
Two freehold commercial properties at Balestier and River Valley Road on sale via EOI
The EOI will close on 2 June at 12 pm.
Mapletree Industrial Trust divests US data centre asset for $15.5m
The proposed divestment is expected to be completed in Q2 2025.
Keppel units ink agreement to develop 19 plots in Tianjin, China
Under the deal, Keppel Hong Da will partially divest in Tianjin Fulong.
Mapletree Logistics Trust’s FY2024 DPU down 10.6% YoY
Net property income dropped 1.5% YoY.
CapitaLand China Trust net property income falls 6.6% in Q1
Despite this, the group’s retail sector maintained high occupancy of 97.7%
Industrial sales decline in Q1
Multi-user factories and warehouses dropped during the period.
Frasers Hospitality Trust reviews business strategy
There is no certainty that any change will materialise.
CBD Grade A office vacancies decline in Q1
Average monthly rents of overall CBD Grade A offices in Savills' basket rose by 0.4% QoQ.
Keppel REIT’s net property income up 13.3% in Q1
Thanks to better property performance in the CBD.
Guocoland signs $51.4m JV with Hong Leong
The agreement is for the development of a land parcel at Tengah Garden Avenue.
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