Commercial Property
Amazing A-REIT revenues up 5.6% YoY to $119.9m
Amazing A-REIT revenues up 5.6% YoY to $119.9m
Total amount available for distribution also rose 4.4% YoY and 7.6% QoQ to S$65.9m.
CapitaMall Trust second quarter distribution up 3.1%
Unitholders can expect to receive their distribution per unit on 26 August 2011.
Pioneer Road North / Soon Lee Street site awarded to KNG Properties
It outbid six others with its more than $64m offer.
K-REIT Asia buys 50% stake in premium grade office building in Sydney
The property is amounted to up to S$223.3mn and fully-equipped with state-of-the-art facilities.
Ming Arcade up for collective sale by tender
The redevelopment site, located on 21 Cuscaden Road is zoned ‘commercial’ with a gross plot ratio of 4.2+ and an allowable building height of 20...
Divestments hurt CapitaCommercial Trust
Gross revenue fell 9.2% after dropping Robinson Point and Starhub Centre.
CapitaLand enters JV to redevelop Market Street Car Park
The total project development cost is estimated to be more than S$1b.
URA closes tender for Pioneer Road North / Soon Lee Street site
Highest bid among seven developers was over $64m by KNG Properties.
Public sector investment sales jump 38.2% to $4.67b
This is the highest quarterly level of state land sales achieved in four years.
Rentals for factory and warehouse spaces surge by 6-7% in 2Q 2011
This is the fastest quarterly growth in three years.
Incredible tourism buoys retail property market in Q2 2011
A record 1.1 million tourists visited Singapore in April, says Singapore Tourism Board.
S-REITs beat developers by 13%
They have collectively acquired cS$1.9bn of assets YTD.
Grade A office space occupancy dips to 93.5% in 2Q 2011
The slip in occupancy rate was most pronounced in the Raffles Place/New Downtown where it fell 1.5 percentage points to 94.2%.
Peace Centre/Peace Mansion up for collective sale
Tender closes at 3pm on 3 August 2011, so hurry.
Temasek Tower Limited put under members’ voluntary liquidation
The CapitaLand subsidiary has been dormant since 2007.
Ascendas REIT acquires Nordic for S$122m
The latest acquisition in International Business Park will add 0.02S¢ to the company’s distribution per unit.
Office tenants are moving to hi-tech industrial space
Average gross rent for private high-tech space may have grown to $3.45 per sq ft per month, but tenants are relocating amidst faster increase in...
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