Commercial Property
Commercial property market remains stable amidst strong demand
Commercial property market remains stable amidst strong demand
However, development activity has declined.
Office floor at Wisma Atria sells for $16.1m
The space is approved for medical use.
Hongkong Land targets $10b in asset recycling amidst strategic shift
This strategy could reduce the company’s earnings volatility over time.
COTD: Auction listings drop 25.2% QoQ in Q3
Mortgagee and owner sale listings were nearly equal.
First REIT's net property income drops 6.0% YoY in 9M 2024
The REIT attributed the decline to the yen and rupiah's depreciation against SGD.
ESR-LOGOS REIT’s NPI falls 6.5% YoY in Q3 due to divestments
It divested 11 non-core assets.
COTD: Non-landed homes drive residential mortgagee listings in Q3
All 19 listings were non-landed homes.
Tender for Plot A Tuas Bay Drive site opens
The tender will close on 24 December at 11 am.
LMIRT's NPI falls 6.5% YoY to $28.6m in 9M on higher operating expenses
In 9M 2023, LMIRT recorded an NPI of $30.6m.
Far East Hospitality Trust’s net property income falls 6.8% on lower revenue
Gross revenue fell 4.8% YoY to $28.75m.
Hongkong Land shifts strategy, exits build-to-sell in Asia
It will redirect capital from the segment to new integrated commercial property ventures.
CDL to launch Union Square Residences
Sales bookings are scheduled to begin on 16 November.
Higher contributions from Singapore lift Starhill Global REIT NPI by 1.4% YoY
Perth assets also contributed.
CapitaLand China Trust’s NPI declines 5.1% YoY as occupancies and rentals soften
NPI for the 9M2024 was RMB930.2m.
COTD: Shophouse market hits record leasing value of $10.7m in Q3
The Q3 leasing value boosted the 9M total to $30.6m.
Dasin Retail Trust Management taps Wang Peng as new CEO
Before his appointment, he had been the Chief Investment Officer and acting CEO of the company.
Starhill Global REIT sells Wisma Atria office units for $16.1m
It sold the lots at a 22.2% premium over the most recent valuation.
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