Commercial Property
Singapore real estate investment sales up 25.4% YoY in Q3
Singapore real estate investment sales up 25.4% YoY in Q3
The growth was driven by the $1.85b ION Orchard sale and $1.6b industrial acquisition.
Industrial leasing activity rises 2.1% YoY in Q3
There were 3,205 tenancies recorded during the period.
22 Ubi Road 4 industrial site up for tender
The site features a four-storey car showroom and workshop.
JTC awards Kallang Way parcel to CapitaLand subsidiary
It bid $368.9m for the industrial site.
Tuan Sing acquires $28m in assets from PT Senimba Bay Resort
The acquisitions include a ferry terminal.
Retail occupancy rate inches up to 93.5% QoQ
Occupancy along Orchard/Scotts Road edged up to 93%.
Industrial property prices increase by 0.5% in Q3 2024
It was largely driven by the multi-user factory segment.
Office market sees net absorption of 417,000 sq ft in Q3
The CBD and non-CBD areas contributed 20,000 sq ft and 17,000 sq ft, respectively.
Government land sales market activity to remain steady in 2024 amidst strong developer interest
Total investment increased 30.2% to $8.2b.
BBC Studios is Keppel REIT's newest tenant in North Sydney asset
It will relocate to a boutique office development, 2 Blue Street (formerly known as Blue & William), in North Sydney.
PropNex Limited's H1 2024 profit declines to $19.45m
Interim dividend stood at 2.25 cents per share.
ESR-LOGOS REIT acquires ESR Yatomi Kisosaki Distribution Centre
The acquisition fee amounted to $3.3m.
Mandarin Oriental posts lower Q3 2024 profits due to lower branding fees
The group reported higher Revenue per Available Room year-on-year.
Tuan Sing Holdings subsidiary to apply for mixed-use redevelopment in Melbourne
The project plans to transform part of the property for high-end retail and F&B.
Hongkong Land’s Q3 profit rises on China build-to-sell completions
However, the company will no longer pursue new standalone build-to-sell projects.
Prime US REIT’s leasing volume doubles to 209,800 sq ft in Q3
In Q2, it recorded a leasing volume of 97,300 sq ft.
Centurion’s revenue rises to $62.1m in Q3 on high rental income and occupancy
Across markets, Singapore reported the highest revenue uptick of 26% YoY.
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