Commercial Property
F&B profits “erode” as customer pool stagnates
F&B profits “erode” as customer pool stagnates
The number of new F&B establishments was unmatched by the growth of tourists and locals.
Keppel Pacific Oak US REIT taps Lawrence David Sperling as new chairman of the audit and risk committee
He will start his role on 23 August.
Tampines Street 95 EC site likely to attract bids up to $760M: analysts
Experts expect 4 to 8 bids.
Christie’s International Real Estate opens in Singapore
It will provide national and international exposure for listings.
Savills Singapore YTD sales soars 169% to $1.047b
The surge highlights a rebound in investor confidence in Singapore's commercial real estate market.
Savills Singapore's Investment Sales & Capital...
Which REITs will benefit most from rate cuts?
Experts expect two 25bps cuts in 2024.
3-storey corner shophouse at 127 Jalan Besar on sale via EOI
The property is priced at $2,838 psf.
2-storey industrial building at 455 Jalan Ahmad Ibrahim on sale for $30m
The property will be sold via a private treaty.
Yoma Strategic Holdings disputes allegations of money laundering in Myanmar
The company said they were not contacted for clarifications.
Orchard retail rents to drop up to 4% in 2024: Savills
This decline will be due to labour supply issues and rising operating costs.
Paragon REIT divests The Rail Mall for $78.5m
Proceeds will be used to reduce the property's outstanding debts.
JTC rejects Penjuru Road site bids
The site received four bids.
Far East Orchard’s H1 profit jumps 259.2% on strong PBSA segment earnings
The PBSA segment reported a 22.8% YoY revenue increase.
Yanlord Land Group turns to loss in H1 2024
EPS stood at $0.046.
United Hampshire US REIT’s NPI slips 1.7% YoY to US$25.4m in H1
The REIT cited the divested Big Pine Center for the decline.
Prime US REIT’s distributable income drops 14.0% YoY to US$23.3m
The REIT credited the drop to higher finance costs and lower occupancy.
CDL profit up 32% YoY to $87.8 m in H1 2024
It was driven by divestment gains as part of the group’s ongoing capital recycling strategy.
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