Commercial Property
Public bidding to be set for site at 11 Tuas Avenue 18
Public bidding to be set for site at 11 Tuas Avenue 18
JTC will launch the site under industrial GLS programme.
Looking within is key to finding the right flex space — experts
Five out of 10 organisations in Singapore are opting for flex leases, says an IWG expert.
Glass Lewis urges Sabana REIT unitholders to vote against Quarz’s resolutions
The proxy adviser recognised the REIT manager's strong performance over the past 5 years.
OUE Group kickstarts enhancement of Crowne Plaza Changi Airport
Enhancement activities for the property will cost $22m.
Property auction market’s sales value drops to its lowest level since 1H20
Sales value clocked in at $15.2m.
11 strata retail units at Sim Lim Square for sale for $22.57m
Expression of Interest ends on 31 August, 3 pm.
Strata retail market sales down to 113 in H1
The total sales value is at $184.2m.
Strata office market slowed down to $652.9m in H1
It is a 19.8% fall from $814.1m transactions in H2 2022.
Singaporeans hold 2nd most valuable property portfolio in England and Wales
The value of Singapore nationals’’ property portfolio is £7.2b.
Cromwell E-REIT clinches €165m revolving credit facility
The REIT can increase the facility up to €250m.
Frasers Logistics & Commercial Trust posts positive rental reversion in Q3 FY23
The firm also posted a high occupancy rate of 96.2%.
Strata ground floor unit at Geylang Serai on sale for $8.3m
The 3,207 sq ft property is up for expression of interest until 29 August at 12 noon.
CapitaLand Ascendas REIT’s net property income rises 6.7% YoY to $508.8m in 1H23
The REIT attributed the increase to “robust operational performance.”
Shareholders OKs disposal of LHN logistics through voluntary general offer
This complies with the general offer proposed to be made by Milkyway International.
Core CBD Grade A rents to stabilise in 2H23
EDMUND TIE expects a lower rental growth of 0.3% -0.5% for the market in 2023.
S-REITs to withstand softening property market conditions
URA data shows that vacancy rates for retail spaces in Central Area have increased to 13.2%
Wealthy investors and family offices drive demand for shophouses in H1
Changes to the Residential Property Act may raise prices further and tighten already limited supply.
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