Commercial Property
Mortgagee listings keep dropping amidst a lack of buyer interest
Mortgagee listings keep dropping amidst a lack of buyer interest
There are 22 mortgagee listings in Q2 2023.
Property investments drop 5.7% QoQ to $3.8b in 2Q23
Colliers attributed the decline to high borrowing costs.
545 Orchard Road up for sale: CBRE
The site has a guide price of $928m.
Average monthly rents of Overall CBD Grade A offices up to $9.64 psf
Marina Bay and Tanjong Pagar have increases in vacancy rates QoQ.
Sabana Reit unitholder alerts unitholders on Quarz’s ‘inaccuracies’ in internalisation of manager
ESR Group refuted Quarz’s statement on saving fees to pay to the external manager.
Sabana REIT to hold EGM on the removal of its manager
The REIT's unitholders will convene on 7 August.
Keppel acquires office tower in Seoul
It plans to upgrade the building’s facade and interior spaces.
Sabana Industrial REIT NPI inches up 0.5% YoY to $27.2m in H1
Its gross revenue was up 23.2% YoY to $55.3m.
Real estate investment sales surge in Q2: Savills
Sales reached $3.29b.
SG’s data centre vacancy rate hits record-low of less than 2%
The Lion City has under 4MW of available leasing space.
Freehold retail podium at 183 Longhaus for sale $35.1m
The submission of the expression of interest will close on 31 August at 3 pm.
Recovering tourist arrivals to push up prime retail rents: Knight Frank
Prime rents in Orchard Road have already risen by 5.8% to S$29.5 psf pm in Q2.
Manulife US Reit requests a trading halt
The statement was published at 7:33 a.m.
GSH Corporation sells 9 office units at PLUS Singapore for $38.8m
The book value of the property is $27.1m.
Paya Lebar Green to be the greenest building in Singapore
It has been awarded all five sustainability badges under the Green Mark 2021 scheme.
Office market to see slow rental growth for 2H23
In Q2, Grade A office rents only rose by 0.9%.
JV of CapitaLand, SingLand, and UOL bags tender for Tampines Avenue 11 for $1.2b
The JV will develop the GLS parcel into a mixed-use development.
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