Commercial Property
Hong Lai Huat shareholders OK disposal of HLHI and HLHA Cambodia
The sale is worth around $50.57m (US$37.5m).
Former RJC site may be used for public housing: Huttons
The project may be launched under the Prime model.
Centurion JV inks 5-year master lease for HK property
The lessee will covert the property to student accommodation.
Goodland reports a $3.5m net loss for 1H24
The company attributed its net loss to lower gross profit.
Singapore Grade A office rents up by 0.7% after two quarters decline
Tight supply and renovation costs drive rent increase.
Good Class Bungalow land at Jervois Hill up for auction
Unit land prices for GCBs have breached $2,685 (US$2,000) psf.
Prime US REIT divests One Town Center to Miles Capital for US$82m
It sold the property below its valuation.
Strata retail units at PLUS on market for $3.8m-$7.75m each
Foreigners can buy the units with no ABSD or SSD imposed.
Sandpiper Hotel up for sale for $33m
Expression of interest closes on 19 June 2024, at 3 pm.
Singapore offices most expensive to fit-out in SEA
Firms sink an average of $140 per square foot to fit-out their offices.
LHN net profit drops 14.6% in H124
Gross profit rose 36.0% to $34.6m.
Warehouse occupancy and rents to fall amid increased supply
In 1Q24, rents rose 2.0% QoQ, whilst occupancy fell to 91.1%.
GuocoLand unit sells stake in Eco World International for $61m
The subsidiary held a 27% stake in Eco World International.
Mapletree Logistics Trust divests Tuas property for $10.5m
It sold the 25-year-old property above valuation.
Frasers Property profits plunge 74.6% YoY in 1H24
The company attributed its lower profit to UK impairments.
FLCT debt management, expansion to stay prudent in next 2 years: S&P
Credit rating upgrade unlikely in the next 12 to 24 months.
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