Commercial Property
Retail property sector growth to be ‘measured and slow’ for the rest of the year
Retail property sector growth to be ‘measured and slow’ for the rest of the year
Rising rents and operating costs have deterred retailers from expanding.
CapitaLand Ascott Trust acquires 10% stake in Columbia Student Venture
The acquisition was valued at $6.4 m.
First REIT’S DPU down 3.2% in H1 2024
The decrease was due to the weak yen and rupiah against the Singapore dollar.
Frasers Centrepoint Trust achieves 99.7% portfolio occupancy in Q3
All of FCT’s malls each achieved over 99% occupancy.
OUE REIT’s NPI rises 1.6% in H1 2024
The increase was due to a stable commercial property market and higher revenue from the hospitality sector.
Singapore proposes interest coverage ratio of 1.5 to all REITs
Currently, the ICR of 2.5 times applies only to select REITs.
Roxy Square mall and hotel for sale at $1.25b
The site has 296 shops, 26 apartments and 576 hotel rooms.
Sabana Industrial REIT’s portfolio value hits $914.5m in 2024
The 151 Lorong Chuan property has the highest value of $362.7m.
SATS terminates lease on Jurong Innovation District site
It is in the process of evaluating sites to relocate the SATS Food Hub.
Sabana Industrial REIT NPI revenue and occupancy down in H1
Net property income (NPI) was $27.2m for the period.
SIDS fights misconceptions in interior design with accreditation, education
The organisation is setting up a digital platform to speed up accreditation from 6 to 2 months.
Singapore real estate investment sales up 52.6% in Q2
This growth was mainly due to higher revenue from GLS land sales.
OUE braces for H1 loss amidst China property market woes
It attributed its expected loss to partially owned investee company GPI.
CapitaLand India Trust invests $108.99m in new Mumbai office building
The property increased CLINT's total portfolio floor area by 4.0%
Low Q2 shophouse transactions not reflective of market interest
In Q2, sales fell 30.4% QoQ and 66.0% YoY.
Yoma Holdings unclear on Serge Pun’s detention or house arrest
CEO Melvyn Pun says his father remains in Nay Pyi Taw, cooperating with authorities.
Office market spikes to $1.26b in Q2, led by block sales
Mapletree Anson's sale to PAG topped deals this period.
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