Commercial Property
Elite Commercial REIT posts 20.4% YoY higher net property income in 9M23
Elite Commercial REIT posts 20.4% YoY higher net property income in 9M23
Despite higher NPI, the REIT’s available DPU fell 25.6% YoY in the same period.
Singapore cap rates remain flat in Q3
The gross yield of commercial properties in Singapore ranges from 3.00%-6.25%.
CapitaLand Ascott Trust divests 2 hotels in Sydney, Australia for $95.6m
The REIT will recognise a net gain of $12.4m from the divestment.
AIMS APAC REIT posts 5.1% YoY higher net property income of $64.3m in 1H24
Despite the higher income, the REIT proposed a 1.1% YoY lower DPU of $0.04650.
Manulife US REIT's occupancy rate climb to 84.7%
Of all the executed leases, 7.7% were new, whilst 90.5% were renewals.
The Woodleigh Mall opens in Bidadari with 100% tenant occupancy
It houses 160 brands ever since its May 2023 soft launch.
ESR-LOGOS REIT divests two properties
The two properties have a total sale consideration of around $60.1m.
FLCT's total valuation at $6.5b
It completed independent valuations of 108 properties.
More deals expected in Singapore real estate in 2024: report
Singapore remains to have a more unique selling point as a haven.
Singapore nabs US' spot as largest investor in APAC real estate
Investors injected almost US$8.5b into APAC real estate.
Frasers Centrepoint Trust completes $338m divestment of Changi City Point
The net proceeds from the divestment is $329.7m.
Parkway Life Reit DPU up 2.8% in YTD 2023
The company's gross revenue recorded 24.6% growth due to higher hospital rents.
First Reit DPU down 6.1% in 9M
The current distribution per unit (DPU) declined to 1.86 cents.
Prime retail rents to increase between 3% to 5% in 2023
In 3Q23, the average gross rent of prime spaces island-wide rose 4.3% YoY to $26.70 psf pm.
Starhill Global REIT Q1 revenue dip 1% to $47.1m
NPI slightly increased by 0.4% YoY at $37.4m.
Frasers Centrepoint Trust receives 3.6 million units in performance fees
Every unit in FCT is issued at a price of $2.1903.
Commercial property demand softens for fifth-straight quarter: study
Some investors are holding off investment plans due to the rising interest rates.
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