Commercial Property
Profit of Far East Orchard rises 18.8% YoY to $7.6m in 9M23
The company attributed improved financial performance to the strong recovery of its hospitality business.
Prime US REIT posts 3.3% YoY lower net property income of US$23.4m in 3Q23
The REIT also reported a lower income available for distribution of US$12.7m.
SG commercial property investment volume cut by more than half in 3Q
Deal activity in Singapore totaled only US$571m.
Trustee lays out commercial options to build functioning internal management for Sabana REIT
Amongst these options is the retention of existing staff of the REIT’s manager.
Lendlease Global Commercial REIT’s portfolio occupancy hits 99.9% in 1Q24
It also reported a long weighted average lease expiry of eight years by net lettable area.
EC World REIT’s distribution per unit drops 32.8% YoY in 3Q23
The REIT also reported lower net property income and gross revenue during the period.
Singaporean investors pour more capital on APAC properties in 1H23
Inbound capital flow in APAC from SG in 1H23 was 3% higher than its three-year average.
Frasers Hospitality Trust's DPS rises 49.3% YoY in FY23
Gross revenue and NPI also improved during the period.
Singapore’s Carolyn Choo and Tracy Ma land on Forbes Asia’s ‘Powerful Businesswomen’ list
The list features 20 successful female leaders across the Asia-Pacific region.
Elite Commercial REIT posts 20.4% YoY higher net property income in 9M23
Despite higher NPI, the REIT’s available DPU fell 25.6% YoY in the same period.
Singapore cap rates remain flat in Q3
The gross yield of commercial properties in Singapore ranges from 3.00%-6.25%.
CapitaLand Ascott Trust divests 2 hotels in Sydney, Australia for $95.6m
The REIT will recognise a net gain of $12.4m from the divestment.
AIMS APAC REIT posts 5.1% YoY higher net property income of $64.3m in 1H24
Despite the higher income, the REIT proposed a 1.1% YoY lower DPU of $0.04650.
Manulife US REIT's occupancy rate climb to 84.7%
Of all the executed leases, 7.7% were new, whilst 90.5% were renewals.
The Woodleigh Mall opens in Bidadari with 100% tenant occupancy
It houses 160 brands ever since its May 2023 soft launch.
ESR-LOGOS REIT divests two properties
The two properties have a total sale consideration of around $60.1m.
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