Commercial Property
Prime Grade office rents were not deterred by the slowing economy: expert
Prime Grade office rents were not deterred by the slowing economy: expert
Office rents in Raffles Place/Marina Bay grew 0.8% QoQ and 5.1% YoY.
Keppel REIT's 9M23 property income rises 5.0% YoY to $172.6m
The REIT attributed the increase to higher rentals and portfolio occupancy during the period.
How landlords are responding to weakening demand for office
In 3Q23, CBD investment-grade office rents fell for the first time in 10 quarters.
Frasers Property warns of lower profits for FY23
The company expects fair value losses on a portion of its portfolio of investment properties.
Keppel’s private fund acquires 2 education assets in Sydney for $175m
The acquisition will bring Keppel’s portfolio to $4.3b of assets in Australia.
Tai Seng property 50 Playfair Road for sale at $70m
The land has no restriction to foreign ownership and no ABSD payable.
Strata office units at Sunshine Plaza up for sale
The entire portfolio’s asking price is at $18.4m.
Yanlord Land Group’s contracted pre-sales drop to RMB26.1b in 9M23
The 9M23 pre-sale translates to a 51.7% YoY decline.
AA REIT sees ‘minimal financial impact’ from Yishun Industrial Park fire
The cause of the fire at 61 Yishun Industrial Park A is under investigation.
Keppel REIT signs Equifax as tenant in Sydney property
Equifax leased 4,350 sqm of space.
Property investment market activity to remain muted for the rest of 2023
Knight Frank expects total investment sales for 2023 to reach around $18b-$20b.
SG’s outbound investment drops 36.4% QoQ in 3Q23
Year-on-year, outbound investment declined 62%.
Grade A office rents in Singapore declined driven by the premium segment
Specifically, those in Shenton Way / Tanjong Pagar.
Cromwell E-REIT divests Italy asset for $135.4m
Viale Europa represents 6.9% of the REIT’s net asset value.
ESR-LOGOS REIT's Ang Mo Kio property obtains TOP
The property has also secured an occupancy of 50%.
Joo Chiat conservation shophouse up for sale via EOI
The property's guide price is $7.5m.
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