Commercial Property

Chart of the Day: Business parks’ vacancy rate in city fringe stayed up

For the first time in two years, it grew to 5.3% from 3.5% in the final quarter of 2022.

Islandwide office vacancies grow up 0.1 to 5.1% QoQ

But vacancies for Core CBD's 'Grade A' offices dip to 3.9% from 4.2% 

Commercial shophouses at Serangoon Garden up for sale

The two-storey property's guide price is $17m.

Manulife US REIT divests property in Oregon for US$33.5m

The REIT sold the property to John Hancock Life Insurance Company.

Chart of the Day: Leasing volume for multiple-user factories down 1.5% in early 2023

There are a total of 1,548 tenancies from January to February 2023.

Sabana REIT’s portfolio occupancy rises to 92.6% in Q1

During the quarter, the REIT executed 25 new and renewed leases.

EC World Reit asks extension for AGM due to delay in divestment

There were also delays in the settlement of mandatory repayment.

Industrial sales down 11.6% QoQ in Q1 23: Knight Frank

The quarter closed with a total sales of $799.4m.

Singapore sees slowest quarter in total investment deals since 2020

Total investment sales amounted to S$4.2b during the first quarter.

Keppel DC Reit issues $72m floating rate notes due 2030

This is in pursuant to the $2b multicurrency debt issuance programme.

Sabana Industrial REIT secures URA permit for 1 Tuas Avenue enhancements

The project is expected to comprise around 156,000 sqf warehouse, production, and ancillary office. 

Core CBD Premium, Grade A office rents grow by 0.5% QoQ

The vacancy rate for these offices increased to 2.9%.

Keppel Infrastructure unit, Sabana Industrial REIT ink deal on sustainability solutions 

Under the deal, PV solar panels will be installed in the REIT’s selected properties.

Keppel’s new long-term goal: AUM growth to $200b

The firm achieved its target of $50b of assets under management.