Commercial Property
Frasers Property Limited’s pre-sold revenue hits $2.4b in 1Q24
Frasers Property Limited’s pre-sold revenue hits $2.4b in 1Q24
Its net debt-to-equity ratio also increased to 78%.
Hiap Hoe sells Melbourne hotel for $83m
The company will use the proceeds to repay bank borrowings and fund working capital.
CapitaLand India Trust to acquire 3 industrial facilities in India for $43.2m
The facilities have a total net leasable area of 0.79 million square feet.
Mindlink Groups withdraws from M&A deal with Century 21 Singapore
Singapore invoked its foreign interference law against Century 21’s principal advisors.
EC World REIT takes legal action against sponsor amidst mortgage dispute
Its sponsor failed to discharge the alleged "illegal" mortgages imposed in its Fuyang properties.
Lendlease Global Commercial REIT’s NPI soars 22.2% YoY to $93.4m in 1H24
Despite higher NPI, the REIT declared a lower DPU of $0.0210.
Frasers Hospitality Trust’s Singapore portfolio posts 16.6 YoY lower RevPAR in 1Q24
On a quarter-on-quarter comparison, RevPAR declined 25.7%.
CapitaLand Ascott Trust to divest Citadines Mount Sophia for $148m
The REIT expects to receive net proceeds of $138.6m from the divestment.
Singapore prime sheds to lead rental growth in APAC this year
Supply of prime logistics space to reach its peak in 2025.
Investors to stay cautious navigating Singapore’s property market in 2024
Investment volume is seen rising 15% this year.
IREIT divests office asset in Barcelona for $35.5m
The sale price was 6.1% above the property’s latest valuation.
AIMS APAC REIT’s net property income climbs 6.3% YoY to $97.8m in 9M24
Despite higher NPI, the REIT recorded a 4.1% YoY lower distribution per unit.
Average price of freehold shophouses jumps 10.1% YoY in 2023
The average price reflects a total transaction sales value of $948.0m.
CapitaLand Malaysia Trust NPI surges 42.6% YoY in 2023
Its gross revenue also saw a 43.4% increase during the period.
Keppel Pacific Oak US REIT’s portfolio valuation dips 6.8% YoY to US$1.3b
The REIT cited four priorities that contributed 84% to the decline in valuation.
MPACT’s net property income climbs 1.7% YoY to $182.4m in 3Q23/24
The strong performance of the REIT’s Singapore portfolio contributed to the increase.
Net property income of CapitaLand India Trust rises 8% YoY to $179.6m
Despite higher NPI, the company’s DPU fell 21% YoY.
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