Commercial Property
Mapletree Logistics Trust’s DPU down 12.4% YoY in Q1
Mapletree Logistics Trust’s DPU down 12.4% YoY in Q1
Its net property income stood at $153.4m, a 2.1% YoY decline.
Elite UK REIT gets green light for Scotland student housing conversion
Following its development, the property will have a gross development value of $41.6m.
CapitaLand Malaysia Trust’s DPU grows 4.2% YoY in H1
Net property income also grew by 7.3% YoY.
Upper Cross Street property up for sale
It has a total gross floor area of 1,331 square metres.
Prime office rents rise 0.9% YoY in Q2
Knight Frank said Singapore’s prime office market remains stable.
Sing Holdings wins Chuan Grove tender
The partners will form a joint venture company to complete the acquisition.
Corner shophouse at East Coast Road up for sale for $9.5m
The sale will be via an Expression of Interest exercise.
COTD: Total investment volume climbs $7.6b in Q2
This was driven by major portfolio deals, commercial sales, and Paragon REIT’s privatisation.
Prime office rents increase 0.2% QoQ in Q2
Prices per square foot per month stand at $11.4.
Industrial property at 11 Wan Lee Road listed for sale at $12.5m
This translates to approximately $298 per sq. ft.
Far East Hospitality opens two hotels in Osaka
The group is committed to doubling its footprint to 2,000 rooms in Japan in 5 years.
Centurion plans new REIT Listing on SGX
It will cover income-generating assets in the purpose-built worker accommodation.
COTD: Factory space demand falls despite manufacturing GDP rise
Rental prices also don’t explain the drop in factory space demand.
CBD office rents stay flat despite near-full occupancy: report
Grade A+ office rents in the Raffles Place / Marina Bay precinct rose marginally by 0.2%.
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