Commercial Property
SG’s commercial real estate sales jump 40% YoY to US$3.7b in Q1
SG’s commercial real estate sales jump 40% YoY to US$3.7b in Q1
The Lion City is amongst the only two major markets to post an increase in investment volume.
Frasers Property Limited’s attributable profit grew 42.8% in H1
It went up to $225.8m in the first half (H1) of fiscal year 2023.
Chart of the Day: Business park rents went up 0.6% in Q1
It deaccelerated from a 1% increase in the fourth quarter of 2022.
Demand for higher specification industrial assets to back industrial market
Manufacturing, logistics, biomedical, and food sectors will drive demand.
Prime US REIT’s NPI drops 7.2% YoY to US$23.6m in Q1
Given the drop, the REIT also posted a lower distributable income of US$14.9m.
CLI sees improved revenue in Q1
Its real estate investment business saw an 11% YoY increase.
MUST’s portfolio occupancy falls to 86.1% in Q1
The REIT attributed the decline to Carter’s downsizing at Phipps.
FLCT's Robert Wallace extends service until 1 August
Wallace resigned as CEO of FLCT’s manager in February.
SG retains lead in Asian outbound real estate investment
The Lion City’s investment reached US$28.284b.
Sasseur REIT EMA rental income dip 2.1% to $33.1m in Q1
But its DPU grew 1.5% to 1.849 cents.
Hospitality, retail, and office REITs benefit from reopening
However, there is a limited new supply for logistics, office and retail segments.
Chart of the Day: Top markets with high vacancy rates for Grade A office in Q1
There were two micro-markets that posted highest quarterly growth in vacancy.
Lendlease REIT portfolio occupancy stays up at 99.8% in 3Q FY23
The Manager recorded a 99.5% retail occupancy rate on 31 March.
Yanlord Land Group’s subsidiary grated with $500m loan facility
The facility has a five-year term.
Chart of the Day: Rental growth of Grade A offices to be subdued in 2023
Rents will grow 2% YoY in 2023, according to Savills.
Net take-up for CBD Grade A office space down 471,000 sq ft in Q1
Its vacancy also increased 7.4% amidst rising economic challenges.
CBD Grade A office spaces vacancy rises to 7.4% in Q1
This is the second consecutive quarter that the vacancy rate increased.
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