Commercial Property
Office rentals forecast to drop at least 5%
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.
What recession? Industrial property is up for something else
Policies on hiring foreign workers need a review to further boost the sector, says Global Orion Properties.
Woodlands Avenue industrial site gets $71.84m top bid
URA received four bids with OKH Development Pte Ltd placing the highest bid for the site.
New offices are up but where are the employees?
Analyst warns job creation and subsequently demand for office space will be impacted by the uncertain economic outlook.
Frasers Commercial Trust gets a go-ahead to top-up Keypoint’s lease
Singapore Land Authority granted in-principle approval for FCOT to top-up the lease to a fresh 99-year lease.
Sabana REIT acquires 2 Toh Tuck Link for S$40.3m
The property is a 6-storey warehouse with a gross floor area of approximately 180,735 sq ft.
Frasers Commercial Trust’s earnings resilient from master leases
Over 47% of its revenue is tied to master leases of up to 25 years.
Industrial property prices rise 6% in 2Q11
The average monthly rents of factories and warehouses increased to S$1.7 to S$2.1 per sq ft.
Property boom: S$1.1b worth of industrial properties transacted in Q211
This takes the total transaction value in 1H/2011 to S$2.3b, reflecting a year-on-year growth of 14%.
Keppel Land’s subsidiary raised a commitment of over US$460 million
The fund will be open for further closings with investors over the next 12 months.
Cache Logistics Trust offers most attractive yields of 8%
And CWT is Cache’s main sponsor and master tenant for the bulk of its portfolio.
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