Singapore

Keppel-KBS US REIT's NPI climbed 27% to $49.2m in H1

It was supported by its acquisition of The Westpark Portfolio and Maitland Promenade I.

NODX down 17.3% in June

Electronic NODX contracted 31.9% YoY.

CapitaLand Commercial Trust NPI up 2.1% to $158.2m in H1

The acquisition of Galileo has offset the impact of the Twenty Anson divestment on its revenues.

Keppel DC REIT's NPI up 19.9% to $86.49m in H1

Contributions from its Germany and Singapore acquisitions drove up its earnings.

CapitaLand Commercial Trust to buy 94.9% interest in German freehold office for $387.1m

MAC is a multi-tenanted office with a total net lettable area (NLA) of approximately 60,200 sqm.

Frasers Property bags $714.89m term loan

It comprises a $476.59m five-year green loan tranche and a $238.30m five-year tranche.

Keppel O&M clinches $130m worth of contracts from repeat customers

It will mark its third newbuild dredger contract for maritime contracting firm Van Oord.

Two-storey Belmont Road GCB for sale at $42m

It has a land area of 27,000 sqft and floor area of 15,714 sqft.

Close to 1 in 2 SMEs paid their arrears on time in Q2

The turning fortunes of the construction sector were cited as a possible reason for the improved performance.

Office rents in Q2 rose 1.5%

Gross effective rents hit $10.79 psf pm.

Chart of the Day: Outbound property investment from Singapore hit $9.6b in H1

Office properties accounted for the highest investment sales volume at $6.4b.

Daily Markets Briefing: STI up 0.36%

Singtel led the gains at 0.57%.

Harnessing human, machine and digital intelligence to keep innovation centres on the cutting edge

In the age of Industry 4.0, innovation hubs have grown beyond borders almost as a pre-requisite for companies looking to jumpstart their digital transformation journey. Such investments are growing fast across Asia, especially in Singapore. In 2017, the nation has attracted the highest number of innovation centres in the world, adding 13 within the year to bring its total to 27. This number surpassed Silicon Valley and overtook London’s No.2 global spot in the ranking of newly opened hubs.

Utico's 88% stake acquisition in Hyflux could reach $535m

It includes a $400m commitment to the water treatment firm.