Commercial Property
CBD rent hikes could lure tenants to fringe areas
CBD rent hikes could lure tenants to fringe areas
Tenants are resisting rent hikes in the CBD, which rose 1.3% QoQ.
Shophouse sales soared 281% to $478.6m in Q1
The strong demand came from local and foreign high net worth individuals.
Property investment sales surged 89% as market beats trade worries
The residential en bloc momentum continued to bolster sales to $11b.
Keppel DC Reit to buy Kingsland Data Centre for $295.1m
The acquisition aims to cater to multinational demand for data centre space.
Singapore's top office REITs NPI down 3.4% to $48.5m in 2017
Average gross revenue also edged down 2% to $65m.
Office rentals dipped 0.6% in Q1
Gross rent for prime office spaces grew 1.3%, causing slower leasing activity.
Co-working firm Impact Hub Singapore rebranded as Found.
It will open its third space on Amoy Street in the CBD this year.
UOB partners with coworking operators to offer 20% rental discount to startups and SMEs
The discounts will cover 33 coworking spaces owned by five Southeast Asian firms.
CapitaLand Q1 profits slipped 18.8% to $319.09m
It blamed the absence of the gain from the sale of The Nassim.
SPH REIT buys The Rail Mall for $63.24m
It will use the property to improve its food and beverage offerings.
Check out Oracle's new digital hub in Singapore
It is located in Mapletree Business City.
UIC profits up 1% to $60.24m in Q1
It was saved by higher revenue from its information technology operations.
Manulife US REIT Q1 NPI up 54% to US$19.65m
It cited higher income contribution from the Plaza and Exchange.
Tuas Bay Close industrial site sold for $29.85m
Soilbuild Group Holdings won against one other bidder.
Office space prices up 1.3% in Q1
Rents also grew by 2.6%.
CapitaLand Retail China Trust Q1 NPI down 7.7% to $37.18m
It lost income from CapitaMall Anzhen, which it sold 1 July 2017.
Mapletree Logistics Trust full-year NPI up 6.9% to $333.84m
It recorded higher revenue from 12 properties.
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