Commercial Property
Suntec REIT’s distributable income falls 13.3% YoY to $52m in 3Q23
Suntec REIT’s distributable income falls 13.3% YoY to $52m in 3Q23
Given the decline, the REIT proposed a 14.0% YoY lower DPU.
JTC opens 2 new A*STAR facilities in Jurong Innovation District
The research institutes are situated at CleanTech Park’s CT2B and CT3.
Marina Bay Sands adjusted property EBITDA up 30.1% to $491m in Q3
This is on the back of the recovery in travel and tourism spending.
3 factors why Singaporeans are drawn to UK properties
A global tourism adviser named London as the world’s best city, making it more attractive to buyers worldwide.
Manulife US REIT renews lease with 4th largest tenant
Kilpatrick Townsend extended its lease at 1110 Peachtree, Atlanta, to 2030.
Data centre S-REITs take the spotlight as investors ride AI wave
There are two REITs with substantial data centre assets in Singapore.
Net effective costs for prime occupiers in Singapore hit US$144.25
Singapore has the 7th highest net effective cost in the world.
Frasers Property Singapore named as regional sector leader in ESG
Frasers Property Industrial was also recognised for its Australia-based assets.
5 ground-level commercial units at The Hillford up for sale
The price of individual units starts from $1.2m.
Ascott’s The Crest Collection debuts in Asia at 3 destination cities
The Crest Collection has over 1,500 units that are operating and in the pipeline.
Sabana Industrial REIT reports lower portfolio occupancy of 91.8% in 3Q23
In 2Q23, the REIT’s portfolio occupancy was 93.9%.
Keppel Pacific Oak US REIT’s distributable income drops 10.7% YoY to US$13.1m in 3Q23
The REIT attributed the decline to higher financing costs.
Parkway Life REIT acquires two nursing homes in Osaka for $16.4m
The REIT will acquire the property at approximately 11.9% below valuation.
URA puts up Orchard Boulevard site for sale under GLS programme
The site is residential with a 1st storey commercial and has a 99-year lease period.
Savills cuts 2023 property investment sales value forecast to $19b-$21b
This is on the back of the geopolitical situation globally.
Property investment value doubles QoQ to $7.13b in Q3
Investments in the residential sector also doubled to $3.43b.
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