Commercial Property
CICT NPI rises 6.3% YoY to $293.7M in 1Q24
CICT NPI rises 6.3% YoY to $293.7M in 1Q24
Gross rental income growth and lower operating expenses drove the uptick.
Commercial redevelopment site on Orchard Road for sale for $438m
The public tender closes on Monday, 27 May 2024, at 3 pm.
Marina Bay Sands targets 2029 completion for major expansion
Construction will begin in July 2025.
Property prospects mixed amidst rising supply
The office market will see a higher supply with a pipeline of 4.76 million square feet.
Stagnant growth plagues Singapore's workspace market
Demand only grew 1% since 2019.
Concerts, tourist boom boost Singapore prime retail rents in Q1
Famed shopping strip Orchard Road led the rental growth.
Sabana REIT occupancy rate drops to 83% in 1Q24
The REIT attributed the decline to the property repossession 33 & 35 Penjuru Lane.
Residential sector dominates 1Q24 investment with $1.79B
The sector's investment sales, however, dropped 48.5% QoQ.
Sabana Reit sets requisitioned EGM on or before 25 May
Part of the agenda is the consideration of proposed resolutions stated in a notice on March 26.
Seeking an office space in Singapore: Where do you start?
Starting the quest to find the perfect office space for your business can feel overwhelming, particularly here in Singapore. With numerous options and...
ESR-LOGOS nets A$65.5m from Australian property sale
The REIT sold the property at a 7.4% premium.
Sabana Reit unitholders told requisitionists to respect trust deed rules
Amongst the points stressed by the unitholders was the importance of a supermajority when amending the trust deed.
F&B silver lining in dampened retail leasing market
Leasing sentiment as of 1Q24 is hovering above 40%
5 Enterprise One units listed for sale at $6.4M
The units have a guide price of $592 per square foot.
Frasers Property Limited braces for profit dip, points to UK property woes
It expects to record fair value losses and impairment in 1H24.
Soilbuild Construction bags new contracts worth $3.6m
Precast Concrete also secured a supply and delivery contract.
Colliers transforms Singapore office into regional powerhouse
The newly revamped office showcases Colliers’ commitment to innovation, collaboration, and sustainability.
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