Commercial Property
CDL posts a $4.9b increased revenue in FY23
Net profit for FY23 stood at $317.3m, lower than FY2022’s $1.3b.
UOL Group sees 12% YoY rise in FY23 net earnings
The group’s overall revenue fell which was partially offset by strong performance from its hotel operations.
JTC launches Tampines North Drive 5 tender
It has a site area of 0.5 hectares.
Net profit of Sinarmas Land falls 23.4% YoY to $384.9m in FY23
The company recorded lower net profit despite a 7.9% YoY higher revenue.
Property investment volume drops 30.6% YoY to $20.8b in 2023
GLS tenders accounted for 37.2% of total investment last year.
4 cool building strategies that mitigate the rising heat in Singapore
Singapore’s warming rate is double the global average at 0.25 degrees Celsius per decade.
LHN occupancy rates surpass 90% in 1Q24
During the period, it secured a master lease renewal for an industrial property.
Orchard retail rents to grow 3%-5% in 2024: Savills
Tourist arrivals and spending will drive the growth in rents.
Ho Bee Land posts a $259.8m net loss in FY23
Loss per share stood at $0.3913.
Serene Centre sold for $105m
The property is a four-storey freehold commercial/residential development.
Industrial rents to grow 0%-3% in 2024: report
Savills cited three factors contributing to the projection.
Net property income of IREIT Global rises 2.3% YoY to €49.9m in FY23
Despite the increase in NPI, the REIT declared a lower distribution per unit.
Green building adoption in Singapore nears 80%
In APAC, SG stands as the 7th top market for green building adoption.
High-floor Grade A strata office floor up for sale
The expression of interest ends on 28 March at 3 pm.
3-storey shophouse with rear extension in Boat Quay Precinct up for sale
The indicative guide price for the property is $23.65m.
2-storey F&B shophouse in CBD up for sale
The public expression of interest exercise ends on 27 March, 3 pm.
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