Commercial Property
Lower logistics and business park contributions lead to a 4.9% NPI drop for CLCT
Lower logistics and business park contributions lead to a 4.9% NPI drop for CLCT
Gains in the retail portfolio offset the decline.
Income from key properties boosts CLINT’s NPI in H1
CLINT's NPI rose 22% YoY.
New 7-storey commercial office building at Geylang for sale
The guide price for the property is $17m.
Keppel unit enters JV to offer consulting services in Shandong, China
It will provide urban planning, industrial promotion, and smart city solutions for the project.
7 of 15 office floors at Solitaire on Cecil sold for $371m
The average unit price was $4,325 per square foot.
Industrial rental growth to slow in 2024
It is expected to moderate to between 3% and 5%.
Parkway Life REIT's NPI falls 2.5% YoY to $68.4m in H1 2024
Despite lower NPI, the REIT declared a 3.5% YoY higher DPU.
Shophouse sales volume drops 66% YoY in Q2
Shophouse sales value also fell 62% YoY.
Office space prices rise 3.1% in Q2
In Q2, occupancy decreased by 20,000 sq m.
Suntec REIT’s H1 distributable income is $88.7m; DPU is 3.042 cents
Higher costs and vacancies in its Australia and UK properties weighed on income.
SGX-listed Elite UK REIT’s portfolio valued at $716.6m in H1
This is a 0.6% rise from its property valuation in end-2023.
CapitaLand Ascott Trust profits up 12%; DPU is 2.55 cents
Higher room rates in key markets like Japan and US drove up RevPAU.
Singapore industrial rents down 0.7% QoQ in Q2
This marks the slowest quarterly growth since Q1 2022.
Retail property sector growth to be ‘measured and slow’ for the rest of the year
Rising rents and operating costs have deterred retailers from expanding.
CapitaLand Ascott Trust acquires 10% stake in Columbia Student Venture
The acquisition was valued at $6.4 m.
First REIT’S DPU down 3.2% in H1 2024
The decrease was due to the weak yen and rupiah against the Singapore dollar.
Frasers Centrepoint Trust achieves 99.7% portfolio occupancy in Q3
All of FCT’s malls each achieved over 99% occupancy.
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