News
Hongkong Land posts $292m profit in 2022 H1
Hongkong Land posts $292m profit in 2022 H1
This is an improvement from $865m loss in the same period last year.
Rising rents to boost Suntec Reit’s office, retail assets: Maybank
The firm’s distribution per unit went up 15% in the second quarter of 2022.
Property market to see ‘relatively’ strong, yet slower growth
Investment sales are expected to exceed $30b in 2022.
Industrial occupancy rate inches up to 90% QoQ in Q2
This is on the back of the multiple-user factory and warehouse segments.
69% of Singaporeans say hospitality venues should decline unvaccinated guests
Locals are now prioritising health and safety more than anything.
Full-year sales of shophouse market to hit below $2.0b
In H1, sales value was at $938.8m.
Chart of the day: 114 shophouses sold for $938.8m in H1 2022
Sales activity may have dipped however the market shows no sign of slowing.
Market update: STI up 0.52%
Yangzijiang Shipbuilding was at the top.
Park View Mansions acquired enbloc for $260m
The property will be turned into a residential development.
Keppel Infrastructure Trust distributable income drops by 13%
The firm blames the drag to higher trust expenses.
Sanjuro’s offer to Hwa Hong declared unconditional
The offer will close on 1 August.
MAS to cut down carbon footprint in equities portfolio by 50% by 2030
This is part of the regulatory body's promise to build a climate-resilient portfolio.
SIA Engineering achieves positive core profitability in Q1 FY23
Excluding government support, its core profitability reached $4.2m.
CICT net property income jumps 6.2% YoY to $501.6m in H1
This was driven by the completion of acquisitions and higher rental income.
Suntec REIT DPU rises 15.8% YoY in H1
Its distributable income from operations increased by 7.1% You to $126.6m.
Orchard Bel Air on collective sale for $587.5m
The 36-storey site is on sale through public tender until 6 September.
Keppel Pacific Oak US REIT H1 DPU down 4.4%
Distributable income rosed by 5.4%.
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