Commercial Property
Average private rentals for 3-bedroom down 3.2% MoM in May
Average private rentals for 3-bedroom down 3.2% MoM in May
But year-on-year, rents for this category grew 17.8%.
EC World REIT extends long stop date for divestment of 2 assets in China
As of date, only RMB333m out of RMB1.4b equity consideration has been prepaid to EC World REIT.
Grade A office building in Orchard Road for sale for $470m
Expression of interest submission for VisionCrest Commercial ends on 17 August at 3 pm.
Dasin Retail Trust’s net loss widens in FY22 to $221.5m
The net loss translates to a loss per unit of $0.2730.
ESR Group asks High Court to declare Quarz’s requisition invalid
An application was also filed to restrain an EGM with Quarz’s requisition.
Strata office transaction volumes up 6.3% YoY in H2
Average costs of strata offices generated CAGR of 2.7% between end 2017 - 2022.
Frasers Centrepoint Trust bags $419m green loan, carbon credits from OCBC
The loan will be used to accelerate Tampines 1’s journey to carbon neutrality amongst others.
STB remains confident in the tourism potential of Jurong Lake District site: Low
The site failed to receive submissions during its launch in 2022.
STB looks to harness potential of the Jurong Lake site
There were no submissions for the site.
CDL buys South Korea’s Nine Tree Premier Hotel Myeongdong II
The freehold 17-storey property was acquired for $143.9m.
Two-storey retail podium at The Linq for sale for $136m
The expression of interest ends on 16 August at 3 pm.
Quiet investment activities may occur for the rest of the year
Knight Frank advised that freehold properties are a popular investment.
Core CBD Premium, Grade A rents rise 0.6% QoQ to $11.53 per sq ft
Tight vacancies and flight-to-quality moves drove the increase.
UOL Group enters deal to sell Parkroyal Kitchener Hotel
The hotel costs $525m.
3-storey conservation shophouse in Chinatown for sale for $10m
The expression of interest will close on 2 August at 3 pm.
CBD Grade A vacancy rates to hit 5.6% in 2023
Cushman & Wakefield said net supply will outpace net demand this year.
Suburban prime retail market seen to rise by 1.5%-3.5%
This is due to hybrid work and consumers’ patronage of essential services.
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