Commercial Property
Mapletree Logistics DPU up 3.33% in 1Q 2011
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.
A-REIT’s gross revenue jumps 8.7% YoY to S$112.9 mln
The company also reported DPU of 3.01S¢ for 4QFY11.
CapitaCommercial Trust DPU down 4.7% in 1Q 2011
DPU for the period was 1.84 S-cents down from 1.93 S-cents in the same period last year.
Singapore's office occupancy cost remains about 62% more affordable than Hong Kong's
Office occupancy cost of Singapore remains at US$191.97 psf per year as of December 2010.
Singapore ranked 9th most expensive office location
Hong Kong remains the most expensive office location in the second half of 2010.
Singapore ranked 7th most popular destination for luxury retailers
Hong Kong maintained its position as the most popular destination, according to CBRE.
Railway stations to go down in history as reminders of Singapore heritage
The Singapore Government will be keeping the Tanjong Pagar Railway Station and the Bukit Timah Railway Station as national monument and conserved...
Property investment deals drop 40% in 1Q 2011
This is likely to be temporary as investment sales in Q4 2010 was the highest in 13 quarters.
Hi-tech rental growth gathers momentum:DTZ
The average rent for hi-tech properties which include business parks rose 3.1% quarter-on-quarter to $3.30 psf in Q1 2011.
HLH Holdings appoints new CEO
Dato Dr Ong Bee Huat will be the company’s chief executive for strategic planning and business development.
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