Commercial Property
Ascendas REIT's net profit interest up by 13.2%
Ascendas REIT's net profit interest up by 13.2%
Their distributable income also grew 27.2% to S$71.9m.
K-REIT portfolio occupancy climbs but rentals stay flat
Occupancy rose to 96.1% from 94.1% but signing rents showed no increase at S$11-13 psf.
K-REIT Asia's distributable income up in 1Q2012
Unaudited results show it increased from the previous quarter to $48.5 million due to contribution from Ocean Financial Centre.
More office space slated for completion between 2012 and 2015
About 60% of which will be located in the CBD.
Why did the Singapore office market thrive in 1Q12?
Colliers says additional buyer’s stamp duty imposed in the residential sector had investors looking for alternative asset options.
Chart of the Day: Value of Grade A office space in Raffles Place/New Downtown area holds firm
Owners of Grade A office spaces have robust sales activities to thank.
Chart of the Day: Regional Centres prime space average monthly gross rent up
The average reached $33.80 per sq ft per month after remaining unchanged for three consecutive quarters.
Sinarmas Land appoints Ferdinand Sadeli as Executive Director
He is also assigned as Chief Financial Officer of the Group.
Office property market sees rent correction by up to 8.8%
The average monthly gross rents for Grade A office space recorded a steeper fall of 5% in 1Q12.
Care for a Coach, anyone?
Singapore is set to be home to more international luxury labels escaping crisis-struck Europe with 2 million sq ft of retail space in the pipeline.
Cache Logistics Trust cements a good showing in 1Q12
The REIT gains an additional debt headroom of ~S$120m, giving it leverage to capitalize on growth opportunities.
Sims Drive / Aljunied Road industrial site draws 14 bids
Highest tender offer for the 6,312.2-sqm site was at $43,488,100 from Fragrance Biz Space Pte Ltd.
AsiaPac transaction volumes reached US$98 billion in 2011
It was the second strongest year for Asia Pacific, and that's just for commercial property alone.
AIMS AMP Cap Industrial REIT appoints Andrew Bird as Director
The Company has seen that Mr Bird's experience and qualifications will complement the existing Board.
Nobel Design Holdings appoints Kho Chuan Thye Patrick as Director
Mr Kho worked as Group Managing Director of Lian Huat Group of Companies since 1996.
Singapore ranks fourth in warehouse rent in 2011
It is also named as the sixth most expensive bulk warehouse space globally at US$13.33 per sq ft.
Shanghai business parks are a booming alternative
The Chinese city's downtown is running out of Grade A office spaces and firms are starting to move into business parks.
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