Commercial Property
PRIME US REIT posts 3.42 US cents DPU in 2H 2020
PRIME US REIT posts 3.42 US cents DPU in 2H 2020
Its DPU in FY2020 exceeds IPO forecasts by 3.6% to US6.94 cents.
Singapore office rental slips by 9.5% in 2020
Rental market forecasted to still be on the decline this year.
Chinese tech firms to alleviate consolidation of office spaces
Companies are still evaluating their long-term real estate space requirements.
Lendlease appoints new CEO
This comes as current CEO SteveMcCann announces his planned retirement.
Singapore economy expected to recover: JLL
Direct real estate transactions on the rise despite low volume in 2020.
Ascott expands Citadines brand in Indonesia
It has recently opened serviced residence Citadines Berawa Beach Bali.
GuocoLand reveals $319.6m revenue for H1
Gross profit margin remains stable at about 30%.
Manulife US REIT H2 DPU dropped 11.3% YoY to 2.59 US cents
Its DPU for FY2020 went down 5.4% YoY to 5.64 US cents.
Singapore ranks 5th amongst biggest data centre markets: report
This is amidst Singapore’s existing markets, dense fiber, and array of services.
Shophouse market continues to soar in 2021: report
Recovery in H2 2020 was fueled by interest from buyers as the economy opened.
Office rents to recover back to pre-pandemic levels: Colliers
CBD Grade A vacancy of 5.2% to tighten over the next two years on low supply.
COVID-19 has ‘no material impact' on portfolio to-date: FLCT
Near- to mid-term impact on retail components of the Singapore portfolio is expected.
Ascendas REIT reports 6.7% distribution amount hike for FY 2020
Meanwhile, the REIT’s gross revenue soared by 13.6%
Industrial space prices and rentals rebound in Q4 2020: JTC
This is due to the rise in occupancy rates during the period.
Singapore real estate market to witness growth in 2021
Prime non-landed residential segment registered $919.5m in H2 2020.
Katong Freehold commercial building up for sale
The newly built five-storey building is priced at $19m
CapitaLand foresees loss in upcoming FY 2020 financial results
The group’s cash PATMI is expected to fall by 35% to 45%.
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