Commercial Property
COTD: Shophouse transactions fall 20% QoQ and 56% YoY in Q3
COTD: Shophouse transactions fall 20% QoQ and 56% YoY in Q3
Transaction value fell alongside volume.
COTD: Office vacancy rate up 11.0% QoQ in Q3
Office space occupancy declined by 3,000 sq m (nett) in Q3.
Shophouse prices in prime districts soften in Q3 as sales lag
Districts 1 and 2 only had two 99-year leasehold shophouse transactions.
PGIM Real Estate and Elevate Capital acquire Stamford Court for $132m
They will rejuvenate the asset into a living, co-working, and lifestyle space.
Capitaland Ascendas REIT portfolio occupancy dips 1.0% QoQ to 92.1% in Q3
The REIT's Australia and United States portfolios drove the overall drop.
Industrial landlords adopt accommodative stance amid cost-conscious occupiers
They are offering rent-free periods, amongst others.
MPACT sees 11.9% YoY drop in distribution due to lower overseas contributions
Adverse forex movements dampened overseas contributions.
Frasers Centrepoint Trust distribution rises 3.2% YoY to $214.31m in FY24
Full-year DPU, however, was down by 0.9% YoY.
CapitaLand India Trust's NPI rises 14% YoY in SGD terms on higher property income
NPI rose 15% YoY in Rupee terms.
Retail space prices and rents rise in Q3
The metrics rose by 1.7% QoQ and 0.3% QoQ, respectively.
Suntec REIT's NPI drops 5.7% YoY to $79.8m on lower asset contributions
Amongst the assets with lower contributions was the Suntec Convention.
Industrial occupancy rate flat at 89% despite gains in some segments
Multiple-user factory and business park segments saw increased occupancy in Q3.
URA reassesses land-use policies and guidelines
It will focus on expanding economic gateways.
Keppel bags first Cooling-as-a-Service contract in India
It inked the contract with Blackstone-owned Nucleus Office Parks.
Duxton Reserve Singapore, Autograph Collection hits market
Its guide price translates to $1.8m per key.
Mapletree Logistics Trust’s NPI falls 2.1% YoY to $158.6m in Q2 FY24/25
The trusted cited three reasons for the decline.
4 industrial units at Redhill hit the market for $4.55m
The site has a total of 6,049 square feet.
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