Commercial Property
Retail property price rise 2.3%, rentals dip 4.5% in Q3
Stock retail space took a plunge from a previous increase.
Industrial occupancy rate edges up in Q3, new space falls to record low
Only 24,000 sqm of new space was completed during the quarter.
Retail rents tipped to fall up to 15% in 2020
Rental gap between suburban malls and in Orchard will continue to narrow.
Keppel DC REIT NPI up 47.6% to $62.37m in Q3
DPU for the quarter is 2.357 cents, more than 22% higher than in Q3 2019.
CapitaLand Mall Trust NPI down by 27.6% to $104.4m in Q3
However, DPU was 1.3% higher over the same period.
CMT to be renamed CapitaLand Integrated Commercial Trust
The trust scheme for the CMT, CCT merger became effective today.
CapitaLand Commercial Trust NPI down 73.1m in Q3
DPU fell 9.1% to 2 cents.
Keppel REIT distribution income up 4.6% to $47.6m in Q3
This was thanks to income from recently-acquired 311 Spencer Street.
CapitaLand's Ascott secures record over 2,100 new units in China
The lodging business unit signed more than 5,600 units in China to date.
Frasers Property profits expected to sink 70% for FY2020
The company announced significant impacts by COVID-19.
AA REIT completes $129.6m acquistion of 7 Bulim Street property
It now owns 26 industrial properties in Singapore.
Frasers Property launches digital building platform
The platform offers enhanced contactless capabilities and more.
SPH REIT's NPI up 1.2% in FY2020
This was thanks to newly-acquired assets in Australia.
FCT raise $575m from private placement
The placement was approximately 2.8 times oversubscribed.
Huttons appoints Mark Yip as CEO
Huttons Group has appointed Mark Yip as its new CEO effective 1 November, succeeding Goh Kee Nguan, the group said in a press release.
Keppel REIT to buy an office park in Australia for $303.3m
It has a committed occupancy of 96.3% as of 30 June.
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