Commercial Property
Prime housing rents fall for first time in nearly 4 years
Housing rents in prime areas have dropped for the first time in nearly four years, as uncertainty in the global economy meant fewer executives are...
Prime housing rents fall for first time in nearly 4 years
Housing rents in prime areas have dropped for the first time in nearly four years, as uncertainty in the global economy meant fewer executives are...
URA launches tender for Jalan Bukit Merah / Alexandra Road site
The 7,946.2 sqm hotel site will have a minimum bid of $98m.
Playing safe: 77% of Asian investors won’t risk buying properties
And more than 75% of the investors said they aim for a 15% internal rate of returns or higher for investments.
Prime Orchard Road rents register biggest increase since 2007
It has risen five percent from the second quarter of 2011 to average $31.60 psf/ month.
Property investment deals slump 55% in Q3 2011
Investors are more cautious as real estate investment sales were only $4 billion in Q3 2011, the lowest level since Q1 2010.
Ascendas REIT acquires business park within the Haidian district in Beijing
The property was acquired from a related party of its sponsor, the Ascendas China Industrial and Business Park Fund, for RMB 300m.
A-REIT acquires business park property in Beijing
The 37,707 sqm Ascendas Z-Link is near a major thoroughfare and a Metro Light Railway station.
Likelihood of 2nd Lehman-like doomsday hurts office rents
Prime office rents are seen to contract by 9.9% in FY12 as businesses hold off leasing plans.
CapitaMalls Asia’s secondary listing in Hong Kong to begin trade in October
A filing to HKEx said no new shares will be issued as a result of the listing.
Jones Lang LaSalle appoints David Green-Morgan as global capital markets research director
David will start November 2011 and will be based in Singapore.
LMIR Trust obtains S$200mn term loan facility
Facility secured at a competitive interest margin of 4% per annum is aimed to refinance existing term loan of S$125mn and for future asset...
L.C. Development keen on investing in Knight Frank Singapore
The company to purchase 80% share of Cheong Hock Chye & Co, which owns a 55% stake in Knight Frank Singapore.
Keppel Land’s office rental growth down to 0% in FY12
Phillip Capital lowered its assumptions on office rental growth amid the deteriorating global economic outlook and intensified debt concerns.
Prime retail rents rise 0.5% to $40.20 psf in Q311
Demand for first-storey prime space remains strong due to limited supply as the next retail project will only be completed in Q4 2012.
Office rent growth hits record low in 3Q 2011
Grade A office rents crept up a mere 2% to S$9.08 psf/month, the lowest quarterly growth since 2Q 2010.
Are troubles ahead for Capitacommercial Trust?
CIMB says CCT has been the worst performing S-REIT so far, underperforming the STI by 15%.
Fraser Centrepoint Trust completes acquisition of Bedok Point
The company used the S$64.3mn proceeds of Private Placement to fund the purchase.
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