Commercial Property
CLCT records 5.3% YoY net property income growth in FY23
CLCT records 5.3% YoY net property income growth in FY23
This is thanks to the stronger performance of its retail portfolio.
Auction listings drop 2.9% QoQ in 4Q23
There were 99 listings in the last quarter of 2023.
S&P expects Singapore REITs to stay resilient this year
Office vacancies in CICT and OUE REIT are below market average.
7 retail units in Sim Lim Square for sale
The expression of interest closes on 8 March 2024 at 12 pm.
TE Capital, LaSalle JV acquires VisionCrest Commercial
Major transformation will be conducted to improve the asset.
Why wellness in Singapore’s communal living is important
Co-living spaces can potentially take on an active role in promoting mental wellness.
CapitaLand Ascott Trust posts 16% YoY higher DPS in FY23
Its DPS rose to $0.0657.
Stock of office space increases by 2,000 sqm in 4Q23
The stock increase resulted in a drop in the island-wide vacancy rate.
Industrial real estate defies manufacturing slowdown in 2023
Rents to rise fastest in prime logistics and warehouses this year.
New CEO Justin Quek aims big brand refresh for OrangeTee
Productivity, presence, and partnerships, are three key areas OrangeTee intends to drive this year.
Retail space prices up 1.2% in 2023
Vacancy rate declined to 6.5% in the fourth quarter.
Shophouse 20 Upper Weld Road for sale at $11m: PropNex
Expression of interest (EOI) exercise will close on 28 Feb at 3PM.
LHN unit clinches contract to operate 2 lodging facilities of MOH Holdings
The facility will start operations in 2H24.
EC World REIT lenders demand the removal of illegal mortgages on 3 properties by 31 January
The REIT’s sponsor reportedly imposed illegal mortgages amounting to $51.1m on 3 properties.
ESR-LOGOS REIT secures 20-year master lease for 3 Tuas South Ave 4
PharmaGend Global Medical Services is the lessee.
Industrial property occupancy rate increases to 89.0% in 4Q23
The latest figure represents a 0.1 ppt increase compared to 3Q23.
Demand for industrial space dwindles to 86,000 sqm in 4Q23
With lower demand, the occupancy rate edged up by 0.1 ppt.
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