Commercial Property
Surge in completions to slow industrial rent growth in 2024
Surge in completions to slow industrial rent growth in 2024
In 4Q23, the rental index rose 1.7% QoQ.
Link REIT to buy out Qibao Vanke Plaza in Shanghai for $451.2m
The REIT will fund the acquisition through internal resources.
Why are investors so keen on freehold strata office space in the CBD?
The strata office market saw a 10.8% increase in transactions QoQ in Q4.
Shophouse deals plunge 65% in Q4 on cautious investor sentiment
Dealmaking down for two consecutive years.
Wing Tai's net profit dwindles to $20.5m in 1H24
In the corresponding period, the company's net profit was $63.3m.
CapitaLand’s new acquisitions to boost its funds under management in SEA to $1.2b
Two of the four acquisitions are industrial properties in Singapore.
Mapletree Industrial Trust divests Tanglin Halt assets for $50.6m
The REIT will be selling off five-storey and two-storey flatted factories.
Airport co-working centre launched for business travellers
The pay-per-minute space at Changi Airport has close to 50 hot desking stations and nap pods, allowing travellers to ‘check-in’ at work.
CapitaLand-backed The Work Project signs JV to expand flex-workspace in Australia
Dexus’ operations will be transferred to TWP.
Native Land appoints Chris Fossick as non-executive director
Fossick was formerly JLL Southeast Asia’s CEO.
Hong Lai Huat sells Cambodia properties for $50m
The properties will be sold into two separate sale and purchase agreements (SPAs).
Leasehold strata office sales climb 7.8% HoH to 114 in 2H23
Sales value for the period was $291.7m.
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.
Read Here
Advertise
Sign Up
Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform
From ownership to access: Unlocking vehicle productivity in Singapore