Commercial Property
Land charge revisions reveal property market weaknesses, expert says
Land charge revisions reveal property market weaknesses, expert says
The government revised the LBC rates for four use groups.
SLA revises land betterment charge rates for 4 use groups
The revised charges will apply until 28 February 2025.
GuocoLand profit drops 38% to $129m in FY2024 amidst higher costs
It also reported lower basic earnings per share.
ESR-LOGOS sells 81 Tuas Bay Drive for $35m, gains 16.7% above valuation
It expects to complete the divestment in Q4 2024.
ESR completes first phase of US$2b data centre project in Nanko Kita
The first phase will provide 25MW of data centre capacity.
Lok Yang Way site up for sale via tender
The tender will close on 22 October at 11 am.
Singapore joins group of highly transparent commercial real estate markets
Globally, it ranked 13th in market transparency.
Wing Tai falls into the red in FY 2024 with $78.7m net loss
Lower revenue and operating profit drove the decline.
5-storey commercial building at 49 & 53 New Bridge Road on sale via tender
The tender will close on 8 October.
Chuan Hup Holdings’ earnings slumps 66.0% in FY2024
Earnings per share stood at US$0.21.
KOP’s shareholder convicted for false trading in the company’s shares
He was sentenced to four weeks of imprisonment.
Lendlease and Warburg Pincus JV acquires $1.6b in Singapore assets
The acquisition marks the first transaction for the JV platform.
CLCT manager names Gerry Chan as deputy CEO
This is effective 1 September.
Joo Chiat and Little India boutique hotels up for sale
Expression of interest will close on 7 October.
F&B profits “erode” as customer pool stagnates
The number of new F&B establishments was unmatched by the growth of tourists and locals.
Keppel Pacific Oak US REIT taps Lawrence David Sperling as new chairman of the audit and risk committee
He will start his role on 23 August.
Tampines Street 95 EC site likely to attract bids up to $760M: analysts
Experts expect 4 to 8 bids.
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