Commercial Property
Ascott Reit bestows 773,988 property units as manager fees
Ascott Reit bestows 773,988 property units as manager fees
The CapitaLand Limited’s subsidiary receives the Ascott Reit units for a price of S$1.1919 each, aside from the cash payment of S$922,516.81 as...
Singapore's prime rents up 3% in the second quarter
Despite demand growth, Asia's increased level of office space enquiries didn't immediately translate into leasing deals.
CapitaLand subsidiary acquires remaining 39.24% stake in Eurimeg
Takeover empowers group to exercise full management control over decisions for serviced residences.
Ascott targets 14,000 additional apartment units by 2015
Adds five Ascott-branded properties while it invests S$50mln to refurbish properties in Asia and Europe.
HDB launches BTO projects Senja Gateway and Corporation Tiara
The launch, which involves 1,016 units, pushed HDB’s total offering for the first seven months of 2010 to 9,844 new BTO flats.
SingPost first quarter profit up 3.2% to S$40.7mln
While other services posted growth, retail revenue dipped 1.2% behind lower contributions from agency and retail products.
HDB steps up enforcement against unauthorised subletting
59 flat owners are alleged to have violated the subletting rules.
Ascott to launch first serviced residence in Bali
Citadines Bali Kuta will increase Ascott's presence in Indonesia to over 1,800 serviced apartment units.
Global real estate markets continue upswing
Rents in Singapore have started to rebound in Q2 with 2.9% growth following steep falls.
a-iTrust's 1Q FY2010 total property income up 4%
Company incurred S$ 0.7mln realised loss behind higher tax expense as tax rates in India increase.
Frasers Centrepoint 3Q10 net property income up 46%
Eyes further growth as $72mln rejuvenation and enhancement of Causeway Point has started.
CapitaRetail China Trust gross revenue drops 2.8% in H1 2010
However, in RMB terms, CRCT’s gross revenue achieved a net income of RMB97.2 mln in the second quarter, which is up 8.8% from the same period in 2009...
Suntec REIT DPU for the second quarter drops 15%
Reversionary rent for its office portfolio was down 2.8% from the last quarter due to tenants taking larger spaces which would command lower rates.
CapitaCommercial Trust's distributable income up 17.8%
The firm unlocked value from the sale of Starhub Centre with S$113.3mln gain.
CB Richard Ellis tops commercial property management firms
CBRE's portfolio surpassed that of #2 firm by 850 million sq. ft.
Keppel Land grows profit to $134.7mln in the first half of 2010
Strong contributions came from Reflections and Caribbean at Keppel Bay and Marina Bay Suites as well as up sales in China and Indonesia properties.
CapitaMalls' RM1.0 bln fund proposal is not yet final
CMA clarifies the details of the billion ringgit proposal in response to a story published by The Business Times on 17 July.
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