Commercial Property
CapitaLand Ascendas REIT’s net property income rises 6.7% YoY to $508.8m in 1H23
CapitaLand Ascendas REIT’s net property income rises 6.7% YoY to $508.8m in 1H23
The REIT attributed the increase to “robust operational performance.”
Shareholders OKs disposal of LHN logistics through voluntary general offer
This complies with the general offer proposed to be made by Milkyway International.
Core CBD Grade A rents to stabilise in 2H23
EDMUND TIE expects a lower rental growth of 0.3% -0.5% for the market in 2023.
S-REITs to withstand softening property market conditions
URA data shows that vacancy rates for retail spaces in Central Area have increased to 13.2%
Wealthy investors and family offices drive demand for shophouses in H1
Changes to the Residential Property Act may raise prices further and tighten already limited supply.
Office space prices up 1% in Q2
Vacancy declined to 10.8% during the period.
CapitaLand India Trust’s net property income jumps 3% YoY to $85.6m in 1H23
Despite the increase in NPI, the trust recorded a lower DPU of $0.0336.
Unitholders of Sabana REIT will be 'worse off' if internalisation of manager proceeds, ESR Group warns
The group said each 1 -pp increase in borrowing costs will reduce the REIT's DPU by $0.0027.
2 JTC factories at Tuas Avenue on sale for $25m
The sale will be through a private treaty.
Retail space prices up 0.3% in Q2
This is compared to a decline in Q1 2023.
Singapore occupiers shifting towards flex leases
Colliers Singapore’s Bastiaan van Beijsterveldt spells out the advantages and implications of this growing trend of flex leases.
LHN procures River Valley asset for $23.25m
The property consists of 12 units an a total land area of 388.4 sq.m.
CDLHT NPI surges 23.3% in H1
The group’s revenue reached $119.2m for the half year.
Land-based factory in the West region for sale for $6m
The sale will be via a private treaty.
CapitaLand Ascott Trust sees 31% YoY jump in gross profit in 1H23
The REIT attributed the increase to the strong operation performance of its properties.
Starhill Global REIT net property income up 2.2%; DPU is 1.98 cents for H2
Gross revenue rose 0.7% to S$187.8m in FY2022/23.
Far East H-Trust NPI up 30.7% to $49m in H1, RevPAR at S$133
Distribution per stapled security or DPS is 1.92 cents for the period
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