Commercial Property
GuocoLand’s profit drops 47% YoY to $207.1m in FY23
GuocoLand’s profit drops 47% YoY to $207.1m in FY23
The company recorded a profit decline despite a 60% YoY jump in revenue.
Condo rental market highest in July with 7,000 sales posted
A total of 7,282 units were rented in July 2023 compared to June.
Experts tout SG’s strata commercial spaces an ideal investment choice
Apart from delivering significant returns, this property type is not affected by the recent ABSD hike.
Diversification to shape real estate investments in 2024
An expert said capital will cascade into “alternative” sectors next year.
URA greenlights redevelopment of the Forum, voco Orchard, and HPL house
HPL will be in charge of the redevelopment.
Condo resale transactions up in July to avoid ghost month
Property experts share insights on latest condo resale data.
Leasing volumes in industrial market grows 6.1% YoY in Q2
There were 3,298 tenancies in the second quarter of 2023.
Other markets may overtake SG data centre capacity: study
This is due to a limited pipeline of planned and under-construction supply.
PropertyGuru reports $6m net loss in 2Q23
The company recorded a net loss despite a 12% YoY increase in its revenue.
Kelvin Fong steps up as Deputy CEO of PropNex
He previously held the Executive Director position in the company.
ESR Group Limited reports 14% increase in EBITDA fund management
The unaudited adjusted EBITDA was US$549m.
Shophouse at Pagoda Street, Chinatown on sale for $21.28m
The three-storey property will be sold via public expression of interest.
Premium ground floor retail strata units at City Gate up for sale
The prices of units range from $2.08m onwards.
Frasers Property acquires refinancing of $1.08b green loan for Frasers Tower
Seven banks backed the refinancing.
IWG launches Regus at HarbourFront Tower 2 to raise workspace footprint
It opens in mid-August.
REIT Watch: Here are the top 10 S-Reits in H1
S-REITs generated 9.3% total returns.
IOI CBT’s aircon feature to resolve Singapore’s climate crisis
The IOI Central Boulevard Towers use a balanced air conditioning feature to lessen the carbon footprint in the units.
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