Commercial Property
Far East Hospitality Trust’s net property income jumps 27.7% YoY to $98.7m in FY23
Far East Hospitality Trust’s net property income jumps 27.7% YoY to $98.7m in FY23
With improved NPI, the REIT recorded a full-year DPS of $0.0409.
Singapore leads commercial real estate investments in APAC
Commercial investment volume in Singapore grew 462% QoQ and 110% YoY in 4Q23.
Dasin Retail Trust taps Wang Peng as new CIO
Wang previously worked for Sino-Ocean Group.
High court grants order for sale of GSM building to LHN
LHN plans to complete the acquisition of the asset on 9 May.
Hatten Land widens net loss to RM20.8m in 2Q24
Loss per share also widened to RM0.0111.
Sales value of strata office units climbs 1.8% YoY to $1.17b in 2023
Volume was similar to 2022’s level.
Government Land Sales poised to boost 2024 property investment market
An expert forecasts investment sales to increase to $25b-$28b this year.
Tourism rebound to fuel retail rental growth in Orchard this year: expert
Rents to rise by up to 5% in Orchard, 2% to 3% in fringe, suburban locations.
Tech sector to spur office leasing activity in 2024: expert
2024 will see 2.9 million sq. ft. of new office supply.
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.
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