Commercial Property
Sabana Industrial REIT reports lower portfolio occupancy of 91.8% in 3Q23
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.
Mixed-use property at River Valley Road for sale via tender
Mixed-use property at River Valley Road for sale via tender
Why international firms continued to locate offices in Singapore
This supported the increase in occupancy and rent of prime-grade offices.
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.
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