Commercial Property
Ascott REIT’s unitholders’ distribution up 112% to S$25.3m
Ascott REIT’s unitholders’ distribution up 112% to S$25.3m
And its distribution per unit increased 21% to 2.23 cents in Q3 2011.
Prime rents in Orchard Road rise 2% to S$35 psf in 3Q11
However, the threat of an economic slowdown may be putting a lid on rental growth in the coming months.
Mapletree Logistics Trust’s revenue jumps 25.4% to S$68.3m
The surge in revenue was driven by positive rental reversions of 22% and improvement in occupancy rate to 99%.
Singapore office property market to stay firm amid economic slump
No need to worry as the country’s solidified status as one of the leading financial hubs will keep on attracting investors worldwide.
China New Town Development appoints Qian Yifeng as Executive Director
Qian shall continue to be the General Manager of Wuxi Hongshan New Town Development.
Rising rents: Industrial property rentals shoot up in Q3 2011
The average monthly gross rents of prime flatted factories and warehouses grew between 15-17% in the first three quarters of 2011.
Grade A office occupancy in its lowest level in six quarters
Average CBD occupancy slumped to 92.6% in Q3 2011 from 93.5% in the previous quarter.
Singapore is 7th most expensive office location worldwide
As Grade A office rents surged 18.4% to US$87 psf/year in the first half of 2011.
Keppel Land’s nine months profit drops to $191.8 mn
Yet the company’s fund management income grew 70% to contribute a profit of $39.7mn amidst reduced contribution from property trading.
Wearnes Development and Samsung China Investment forges alliance
Samsung to provide full range of electronic systems, products and after-sales service for Wearnes’ property development projects in China.
Singapore ranked 6th most expensive warehouse location globally
Rents of prime warehouse surged 18.2% to US$18.57 per sq ft per annum.
Singapore beats Hong Kong in warehouse rental growth
Hong Kong's 10.81% rental hike was surpassed by Singapore's 12.4%.
SGX queries Cambridge Industrial Trust on land allocation of two BTS facilities
CIT has been assigned the land at Tuas View Circuit to develop a Built-to-Suit facility for Peter’s Polyethylene Industries.
CapitaMall Trust’s revenue up 6% to S$159.2m in 3Q11
As it earned an additional S$4m from Illuma and S$7m from higher rentals.
Not interested: Commercial site gets solitary bid
While a similar plot nearby attracted 10 bids in April.
Ascendas REIT’s revenue rises 9.6% to S$121.7m in 2Q12
A-REIT continues to deliver despite the uncertain economic environment, with occupancy rates surging 96.4%.
URA launches tender for Gambas Avenue / Gambas Crescent site
The 21,426.8 sqm industrial site is for sale for at least $57m.
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