Commercial Property
LHN unit clinches contract to operate 2 lodging facilities of MOH Holdings
LHN unit clinches contract to operate 2 lodging facilities of MOH Holdings
The facility will start operations in 2H24.
EC World REIT lenders demand the removal of illegal mortgages on 3 properties by 31 January
The REIT’s sponsor reportedly imposed illegal mortgages amounting to $51.1m on 3 properties.
ESR-LOGOS REIT secures 20-year master lease for 3 Tuas South Ave 4
PharmaGend Global Medical Services is the lessee.
Industrial property occupancy rate increases to 89.0% in 4Q23
The latest figure represents a 0.1 ppt increase compared to 3Q23.
Demand for industrial space dwindles to 86,000 sqm in 4Q23
With lower demand, the occupancy rate edged up by 0.1 ppt.
How will the expected higher core inflation affect the real estate sector
Core inflation is expected to rise 3.5% in 2024.
Mapletree Logistics Trust posts 1.5% YoY higher net property income in 3QFY23/24
With a higher NPI, the trust proposed a 1.2% YoY higher distribution per unit.
OUE Commercial REIT marks 10th year with new moniker
It will be known as OUE REIT beginning 29 January.
FCT to acquire an additional 24.5% stake in NEX for $523.1m
The acquisition will raise FCT’s effective interest in NEX to 50%.
Sabana Industrial REIT revenue hits record-high 17.9% increase in FY23
The company recorded a DPU of 2.76 cents in 2023.
Singapore's prime office rent rises for 11th consecutive quarter
The pace of growth grew slower in H2 2023
Prime retail rents to rise up to 4% in 2024: Knight Frank
Improving tourist arrivals and tight occupancy in prime locations will support the sector.
Brand new commercial building at Jalan Besar for sale
The expression of interest ends on 1 March at 3 pm.
Office rental rates rise 1.1% in 2023
The 2023 record is smaller than the 2022 growth of 2.2%.
IREIT Global’s portfolio valuation dips 2.6% HoH in 2H23
The REIT portfolio valuation as of 2H23 was $1.3b (€899.0m).
FCT’s retail portfolio occupancy reaches 99.9% in 1Q24
The latest figure is 1.5%-pt higher than the 1Q23 record.
Investment sales fall 26.8% YoY to $20.5b in 2023
The residential market accounted for 64.4% of total investment sales in 4Q23.
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