News
Prime US REIT’s net property income drops 7.2% YoY to US$47.2m in 1H23
Prime US REIT’s net property income drops 7.2% YoY to US$47.2m in 1H23
The REIT attributed the decline to lower occupancy and higher operating expenses.
Far East Orchard’s profit attributable to equity holders rises 2.1% YoY to $8.2m in 1H23
The company attributed its improved earnings to strong tourism growth.
On National Day, PM Lee touts 4 government initiatives amidst inflation pinch
Prime Minister Lee Hsien Loong said they are focusing on housing, government integrity, and others.
Singapore Land’s PATMI down 53% in H1
The firm reported a $168.4m net profit in the first half (H1) of 2023.
Daily Markets Briefing: STI up 0.12%; Venture is top stock
Venture closed trading at 2.23% up.
LHN Group subsidiary buys Rangoon Road Property
99 Rangoon Road was sold for $14.5m.
Paragon REIT NPI up 0.1% YoY to $106.1m in H1
However, its DPU declined by 15.7% to 2.4 cents.
Singapore launches 1st smart, clean-energy powered service stations
The service stations are located in Tampines, Pasir Ris, and Lakeview.
Property acquisition is significant driver of debts in Singapore
Less than half of Singaporeans take loans or debts to buy immovable property.
MAS pledges S$150m to aid the financial sector
The scheme aims to back projects and maximise the use of technologies.
Chart of the week: alternative payments used in 1 in 3 online shopping transactions
Singapore’s e-commerce market is forecast to grow by 15% this year.
‘Period of uncertainty’ awaits Sabana REIT unitholders after manager’s removal: ESR Group
More than half (57.5%) of unitholders voted for the removal of Sabana’s manager.
Lendlease Global Commercial REIT’s doubles net property income in FY23
It recorded an NPI of $153.9m during the period.
ARA US Hospitality Trust’s NPI rises 4.3% YoY to US$22m in 1H23
Given the higher NPI, the REIT proposed a 5.2% YoY higher distribution per stapled security.
Canvas8 expands to Singapore and the Philippines
Insights firm Canvas8’s CEO, Nick Morris, eyes bold expansion in key Asia Pacific markets as he foresees growth and opportunities in the region.
Lermit Road GCB on sale for $137.2m
The freehold GCB will be sold via private treaty.
What can stabilise private residential resale prices in 2023?
Resale prices have risen by 6.1% in 1H23.
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