Commercial Property
Keppel Land’s office rental growth down to 0% in FY12
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.
Ascendas REIT has no major refinancing needs till 2013, says analyst
OCBC estimates almost S$1b of additional debt headroom for A-REIT.
Atrix at Aljunied almost sold out in two weeks
Only three of its 59 units are left unsold-to-date since it previewed last Sept 7.
Regus to boost investment in Singapore
To meet soaring demand for flexible workspace, the company will top 2,000 business centres by 2014 as it announces new centre in Asia Square.
Wear your hard hats: Developers tread with increased caution
This is amidst potential knock-on impact on the office rental market.
Far East Organization’s land bid yesterday points to declining office prices
Their bid, the highest among only three participants, was S$312m for the Robinson Rd/Cecil St land parcel.
Office rentals forecast to drop at least 5%
This as 3m sq ft of office supply will come against an estimated 1.5m sq ft of net absorption in FY13.
Fitch affirms Mapletree Industrial Trust’s BBB+ rating
Recent acquisition of flatted factories from JTC Corporation beneficial to the company’s rating.
Shopping galore: Frasers Centrepoint Trust’s game changer may be Causeway Point
CIMB sees upside for rents (S$12.20 psf) and ROI to beat management’s expectations for the refurbishment.
Roxy Pacific Holdings safe from liquidity crisis, says analyst
About 56% of its debt is secured on sold-out projects and the remaining on land sites, so don’t fret.
CapitaLand dissolves Hong Kong subsidiary
The dormant wholly-owned subsidiary had previously been placed under members’ voluntary liquidation.
Woodlands Avenue 12 (Parcel 3) site awarded to OKH Development Pte Ltd
The developer was the tender's highest bidder with its $71.84m offer.
Build-to-suit industrial development at Alexandra Road up for sale
Interested buyers have until 20 October 2011 before the tender closes.
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