Commercial Property
Singapore rises as 9th hottest market for flexible workspaces
Singapore rises as 9th hottest market for flexible workspaces
Flex desk inquiries in Singapore rose 126% YoY.
Wing Tai acquires property in Melbourne for $24.7m
The acquisition will not have a material impact on the group’s net asset value.
Sasseur REIT extends the maturity of $58m sponsor loan by 1 year
The loan will mature in March 2025.
LTA awards $510m civil contract for West Coast Station construction
Construction works will begin in 1Q24.
FCT divests stake in Hektar REIT for $36.7m
The company divested over 140 million units in the REIT.
Gov’t ramps up private housing supply on Confirmed List to 5,450 units
This marks the highest housing supply on the confirmed list since 2H13.
CLCT divests CapitaMall Shuangjing for $157.8m
Upon divestment, CLCT's portfolio will comprise 19 properties.
Centurion disposes 2 worker accommodation assets in Malaysia for $65.1m
Malaysia’s public sector pension fund acquired the two assets.
Elite Commercial REIT portfolio valuation drops to $697.5m
The valuation covers 150 properties.
Yanlord Land Group’s contracted pre-sales drop to $5.5b in 11M23
The 11M23 pre-sale translates to a 52.8% YoY decline.
CDL clinches $338.2m sustainability-linked loan from OCBC
The loan is aligned to a 1.5°C pathway.
Starhill Global REIT renews lease with Toshin Development for 12 years
The new lease will be valid from 8 June 2025 to 7 June 2037.
Boustead Projects, partners to redevelop industrial property at 36 Tuas Road
The parties will redevelop the property into a multi-tenanted logistics hub.
6-adjoining strata industrial units at Apex @ Henderson on sale for $16.3m
The guide price translates to $1,044 per sq ft on the strata area.
Teck Whye Lane shophouse up for sale via EOI
The property has a guide price of $4.45m.
Tuas Link Close site up for sale via tender
The tender will close on 23 January 2024.
Manulife US REIT mulls halting half-yearly distribution until 2025 under recapitalisation plan
The plan aims to address its breach of financial covenants.
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