Commercial Property
CapitaMall Trust completes sale of Hougang Plaza
The property was sold to Oxley Bloom for approximately S$119.1 million.
CapitaMall Trust completes sale of Hougang Plaza
The property was sold to Oxley Bloom for approximately S$119.1 million.
Reduced IGLS tenures could scare off industrialists: Colliers
Industrialists are afraid the now shorter-leased sites will have diminished long-term values and require a tougher loans process.
Industrial land rents will slide up to 3% in 2012
Firms are now more cautious in expanding and will drive down rents, says Colliers.
Why REITs are busy snapping up industrial property
REITs can't help but accumulate "yield accretive purchases" while interest rates remain attractively low.
SPH's retail landlord business to offset its newspapers' dwindling revenues
The S$47.9m profit of Singapore Press Holdings' retail business contributed 22% of the total profit of the company in 1HFY12.
CapitaLand strikes off dormant resorts business
CapitaLand Integrated Resorts has been removed from the Register of Companies for its dormancy.
Global Logistic Properties subsidiary enters 20-year lease deal with Beijing Aviation Ground Service
The arrangement involves 60,000 sqm of facilities at Beijing Capital International Airport.
Ascendas Real Estate Investment Trust's Head of Reporting And Corporate Services resigns
Low Mei Lian wasin charge of accounting, financial reporting and analysis, taxation and corporate services.
Mapletree Industrial Trust vulnerable to widespread defaults and arrears
Most of its 2,000-strong tenant base belong to the SME segment, which will be hard hit in the increasingly prolonged downturn.
First Real Estate Investment Trust's Director resigns
Mag Rainer Silhavy quit the post due to change in shareholding structure of a shareholder of the Manager.
Ascendas REIT unit price performance above market average
Outlook for Ascendas REIT 'sanguine' despite gloomy outlook for industrial rents.
CapitaLand to get $50m from the sale of its serviced residence property arm
Citadines Ashley Hong Kong will no longer be CapitaLand's subsidiary upon completion of the agreement by 31 October 2012.
Rental hikes loom for Starhill Global REIT's tenants
Wisma Atria is expecting close to 50% increase in rents as the AEI works complete in 3Q12.
Leasing market 'lacklustre': Colliers International
The gross monthly rents for factories in the central area inched up a mere 1.3% to average S$1.52 per sq ft per month.
100% tenancy guaranteed for 20 Gul Way
Annual rental income will soar to S$16.3m from a meager S$3.6m once Phases 1 and 2 are complete.
Frasers Commercial Trust's Financial Controller resigns
But Soh Chiong Siong Wilson will be Senior Manager, Finance - Special Projects, in the commercial property division of the holding company of FCAMC...
Ascendas turns an unsolicited enquiry into a whopping $32m sale
But the sale of the 2-storey warehouse at 6 Pioneer Walk will drag A-REIT's proforma net income by S$1.78m for FY11/12.
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