Commercial Property
Realty check: SREITs’ income margins to deteriorate amid intensifying labor crunch
Rental reversion will also moderate.
Centurion proves doubters wrong with 49% profit surge in Q3
Revenue also jumped 46% last quarter.
Yanlord’s profit plummeted 92% in Q3
The group only earned $9.5m.
CityDev’s profit up 13.7% to $404m in Q3
Revenue jumped 58.3% last quarter.
Fortune REIT’s net property income climbed 33% in Q3
Thanks to strong rental reversions.
UOL’s profit up 9.6% to $102.6m in Q3 on back of stellar earnings from JVs
The Esplanade’s margins were stronger than expected.
SGX ST gives green light to Keppel DC REIT’s mainboard listing
Initial portfolio comprises eight data centres in Asia and Europe.
Mapletree Logistics unveils two capital recycling deals
It will acquire 190A Pandan loop for $34m.
Daily Briefing: Melbourne’s tallest building comes to Singapore; See viral videos of SBS and SMRT buses getting scrapped
And update on SMRT vandalism at Bishan depot.
Tiong Seng hit with $7.9m headline loss in Q3
Construction revenue slipped 7.6%.
Risks intensify for APAC REITs amid looming interest rate hike
REITs are rushing to pay their debts.
Ascott clinches contracts to manage five more properties in China
It now has over 12,000 units in the Mainland.
Daily Briefing: Falling HDB prices led to higher EC vacancy; Moneylenders complain of 4% rate cap
And two GLS sites adopt PPVC.
Starland Holdings promotes Lina Tan Lay Nah to financial controller
She was the company's group finance manager.
Sincap Group appoints Lynn Tee as general manager for property division
Her current experience in Australian deals and her past involvement in property transactions have earned her the post.
GIC inks $2.1b JV with Scentre Group to buy five malls in New Zealand
Just three days after its first property deal in NZ.