Commercial Property
Heeton Capital taps Astra Horizon, NineCo to buy UK aparthotel
Heeton Capital taps Astra Horizon, NineCo to buy UK aparthotel
The group aims to expand its investment portfolio and build revenue streams.
JTC awards Lok Yang Way industrial site tender to Soilbuild for $70.08m
The site spans 18,605.5 square metres, with a tenure of 30 years.
MAS sets new ICR, leverage caps, and tighter disclosure rules for S-REITs
The changes will take effect immediately.
SG to remain a top real estate investment prospect in Asia Pacific 2025
However, the city’s local cap rates are seen as too tight to attract significant buying interest.
Elite UK REIT to divest Hilden House in Warrington for $5.56m
The sale represents a 6% premium above its valuation of $5.2m as of 30 June.
JTC launches 2 new sites under IGLS programme
The sites are slated for 2H 2024 IGLS.
LHN Limited’s FY2024 earnings soar 23.8% YoY to $47.3m
The growth was mainly due to revenue increase in its co-living segment.
CDL posts mixed Q3 results with strong residential and office gains
Its total residential sales in Q3 soared 88% to $611.1m.
Paragon REIT divests 85% stake in Australian Mall for $168.3m
The divestment reflects a 5% premium over the independent valuation of $160.3m.
Singapore real estate investment sales up 25.4% YoY in Q3
The growth was driven by the $1.85b ION Orchard sale and $1.6b industrial acquisition.
Industrial leasing activity rises 2.1% YoY in Q3
There were 3,205 tenancies recorded during the period.
22 Ubi Road 4 industrial site up for tender
The site features a four-storey car showroom and workshop.
JTC awards Kallang Way parcel to CapitaLand subsidiary
It bid $368.9m for the industrial site.
Tuan Sing acquires $28m in assets from PT Senimba Bay Resort
The acquisitions include a ferry terminal.
Retail occupancy rate inches up to 93.5% QoQ
Occupancy along Orchard/Scotts Road edged up to 93%.
Industrial property prices increase by 0.5% in Q3 2024
It was largely driven by the multi-user factory segment.
Office market sees net absorption of 417,000 sq ft in Q3
The CBD and non-CBD areas contributed 20,000 sq ft and 17,000 sq ft, respectively.
Commentary
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Solving the production problem behind Singapore’s ‘pilot purgatory’