Commercial Property
Tender for Hillview Avenue received highest bid of $289.8mn
The highest bid for the commercial and residential site came from Tuas Technology Park.
Tender for Hillview Avenue received highest bid of $289.8mn
The highest bid for the commercial and residential site came from Tuas Technology Park.
Singapore Land net profit up 5% in 1Q 2011
Net profit increased from $55.5 million to $58.2 million for the period ended 31 March 2011, said Singapore Land.
Oxley sells 60% of BizHub property in two days
The soft launch of phase one comprised of 364 units, with the factory and warehouse units booked at an average price of $677 psf.
Mapletree Industrial Trust occupancy surged 93.2% in 4Q 2011
This is on the back of high retention rate of 86%, indicating a strong underlying demand for industrial space.
Ascott appoints Tan Boon Khai as Regional General Manager for Singapore and Malaysia
He is responsible for driving the company's growth and ensuring operational effectiveness to enhance Ascott's presence in both markets, said Ascott.
a-iTrust 2010 profit down 4% to S$70.6mn
Yet the company’s revenue growth continued in FY2010/11 to S$121.5mn or 1% increase behind a steady performance from its basic portfolio.
Tender for comercial site at Paya Lebar Road/Eunos Road 8 awarded to joint bidder
Siong Feng Development, Guthrie and Sun Venture Commercial submitted the highest bid of $585.6 million in the tender for the site.
CIMB TCA invests AUD 84mln for Aussie property
The investment manager of CIMB Trust Capital Australian Office Fund No.1 LP acquired the Melbourne property from Investa Property Group.
Home prices up 2.2% in 1Q 2011
Prices of industrial, office and shop properties also increased by 8.3% 4.9% and 0.5% respectively.
Mapletree Logistics DPU up 3.33% in 1Q 2011
DPU of 1.55 S-cents is flat q-o-q despite the y-o-y growth, said OCBC Investment Research.
URA launches tender for Irving Place
The industrial site has a site area of about 0.34 ha and a maximum gross plot ratio of 3.5.
Lower retail revenue for 1Q11 drags Suntec’s DPU to 2.388 S-cents
Despite soaring occupancy rates, S-REIT’s gross revenue dropped 2.3% YoY and 0.6% QoQ to S$61mln.
Tender for Paya Lebar Road/Eunos Road 8 received top bid of $585.6mn
The top bid came from the joint bidders Siong Feng Development, Guthrie and Sun Venture Commercial.
Vacancies in Causeway Point mall hurt FCT's portfolio
Frasers Centrepoint Trust's portfolio occupancy dropped to 83% in 2Q11 as tenants move out to give way to refurbishments.
FREIT maintains healthy balance sheet-- thanks to hospitals
First REIT's gross revenue for 1Q11 increased 95.6% YoY to S$14.6 mln due to contributions from its new hospitals.
Clark Quay acquisition boosts CMT's revenue to S$154mln
Higher rental rates and renewed leases boost CapitaMall Trust's coffers by 10.7% YoY for 1Q11.
Singapore ranks 7th most expensive warehouse location globally in 2H10
Tokyo and London-Heathrow also maintained their top two positions, at US$22.56 psf per annum and US$20.11 psf per annum, respectively.
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