Commercial Property
CICT divests 21 Collyer Quay for $688m to bolster capital
CICT divests 21 Collyer Quay for $688m to bolster capital
The business trust expects to gain $681.7m from the divestment.
Lendlease REIT’s portfolio occupancy rises to 89.5% on new leases
New leases secured at its Milan office building.
Sasseur REIT Q3 rental income falls 3.6% in SGD, 2.0% in RMB
The decline in SGD terms was due to the depreciation of the RMB against the SGD.
Acrophyte Hospitality Trust’s gross revenue dips by 3.9% YoY
Gross operating profit and net property income were lower at $61.2m and $44.7m, respectively.
Paragon REIT’s gross revenue climbs 3% despite tenant sales dip
Tenant sales in Singapore fell 3% YoY.
Far East Orchard’s profit more than doubles in 9M FY24 to $16.9m
The company attributed its feat to its strong operating performance in H1.
DHLT’s NPI rises 2.8% YoY to JPY3.7b in 9M FY24 on portfolio strength
Despite higher NPI, DLHT reported a 5.5% YoY lower distributable income.
United Hampshire US REIT's NPI slips 3.4% YoY as tenant transitions continue
NPI for the period was US$37.4m.
Concorde Hotel & Shopping Mall sells for $821m
The property was sold to Luxury Peak Pte Ltd.
Singapore office rents rise 0.3% QoQ in Q3
Vacancy levels remained low amidst limited supply.
Keppel acquires AI-ready Tokyo data centre
The data centre has a gross floor area of over 300,000 sq ft.
Sin Heng Heavy Machinery to acquire shophouse for $2.78m
The company will acquire the asset from BMAGR.
Acrophyte Hospitality Trust’s NPI down 4.0% YoY in 9M 2024
The decline was attributed to recent divestments and asset enhancement initiatives.
Manulife US REIT occupancy rate drops to 77% in Q3
The decline was due to the lower occupancies in Secaucus and Jersey City properties.
High-zone office in GB Building hits market for $12.7m
The guide price translates to approximately $2,350 psf on the strata area.
Transit-oriented developments reshape land use, drive demand for integrated spaces
It creates demand for mixed-use environments.
Cheng Chung Design sets up Singapore office as gateway to Asia-Pacific market
The Chinese interior designer’s headquarters was designed to resemble a home for comfort.
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