Commercial Property

CBD commercial shophouse for sale for $19.8m

CBD commercial shophouse for sale for $19.8m

The expression of interest for 8 Circular Road will end on 22 August, 12 pm.

Stability expected for industrial property despite worrying manufacturing sector

Demand and occupancy rates continued to rise in the second quarter of 2023.

Mapletree Industrial Trust’s net income up 0.7% to $130.84m in Q1

Higher borrowing costs tempered growth in the net property income.

OUE C-REIT’s distributable income drops 3.3% YoY to $57.6m in 1H23

This translates to a 2.8% YoY lower distribution per unit.

Keppel Pacific Oak US Reit’s DPU drops 17.2% YoY in H1

The distribution per unit (DPU) was at 2.50 US cents (3.3 cents).

Two sites launched under IGLS programme

The sites are located in Tampines North Drive and Jalan Papan.

PLife REIT NPI up 25.1% YoY to $70.1m in H1

Its gross revenue rose by 23.6% YoY to $74.4m.

ESR-LOGOS REIT’s DPU dips 5.6% to $0.014 in 1H23

The enlarged unit base from the REIT’s recent equity fundraising exercise drove the decline.

Frasers Centrepoint Trust’s retail portfolio occupancy rises to 98.7% in 3Q23

Compared to 3Q22, the REIT’s occupancy was up by 1.6 percentage points. 

MLT posts DPU of 2.271 cents in Q1 FY23/24

It was 0.1% higher than the 2.268 cents recorded in Q1 FY22/23.

Owner listings grew 26.7% in Q2

Only 57 listings were recorded in Q2 2023.

Office unit at Suntec City Tower 1 sold for $11.5m

Suntec City end-users and family offices were sought by investors from China, Hong Kong and India.