Commercial Property
Singapore is 6th top market for super and ultra-prime properties
Singapore is 6th top market for super and ultra-prime properties
It is one of the two markets in Asia that made the top 10.
Why LBC rates of lands for commercial and industrial use did not increase
The recent rate hike ranges from 3.0% to 10.2%.
Excelsior Hotel & Shopping Complex up for sale at $458m
It comprises a 5-level podium shopping centre and a tower block rising to 21 storeys
Sinarmas Land's revenue hits record high in FY22
The company's revenue soared 48.8% YoY to $1.3b.
S-Reits posts 7.1% increase in returns in January: report
This is above STI’s 3.5% total returns.
P-One (Tuas) Pte Ltd bags $2.6m tender for 25 Gul Drive site
The tender for the industrial site closed on 25 January.
Industrial property leasing volumes fall for first time in 11 years
Leasing of single- and multiple-use factory spaces slowed in Q4 2022.
ARA US Hospitality Trust’s NPI soars 66% YoY to US$41.4m in FY22
The higher NPI pushed the REIT”s DPS to US$0.03054.
Frasers Property secures 5-year SLL financing for Australian business
The SLL is worth $311.2m (A$340m) and $100.4m (US$75m).
Orchard Tower fails to sell
It did not obtain the required threshold for the collective sale.
Six-storey commercial building in Bugis for sale
Its indicative price is from $90m to $92m.
Retail units in Royal Square on sale: Savills
The sale will be closed on 24 March 2023.
Chart of the Day: Prime logistics rents in Singapore increasing
Singapore is one of the 17 APAC cities that recorded increasing rents.
Chart of the Day: Vacancy rate for office CBD buildings up 0.4% in Q4 22
Grade AA buildings posted the highest increase in vacancy rate.
Budget 2023: How will higher BSD rates impact the property market
The hike will affect 15% of residential and 60% of non-residential properties.
Growing demand for ESG-compliant offices expected in 2023: Savills
It will help offset impacts of economic woes on demand for office buildings.
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