Commercial Property

GS Building sells for $67m

JVA Venture Pte Ltd won the tender for the property’s collective sale.

Two full strata office floors in Downtown Core for sale

The collective indicative guide price for both floors is $30m.

Paragon REIT NPI up 3.3% YoY to $279.9m

It was supported by the recovery of the retail industry.

Corner shophouse in Bukit Timah up for sale for $14.5m

The expression of interest will close on 21 March 2023 at 3 pm.

Elite Commercial REIT DPU fall 11.4% in FY 2022

The decrease was due to increased borrowings and a marginally lower occupancy rate.

SG only city with increase in deal volume: MSCI

It posted a $10b mark for trade volume.  

Chart of the Day: Trading volume for commercial assets down 41% YoY in Q4 22

Strata and shophouses continued to see investment activity.

Manulife US Reit’s DPU dips 10.3% YoY to 2.63 US cents in H2 22

It stemmed from distributable income that went down 1.7% to $55.4m (US$41.9m).

Barbara Cambon bows out as Prime US REIT CEO

CFO Harmeet Singh Bedi will take over the post on 8 March. 

Keppel Land unit to divest 100% stake in Willowville for $7.37m

The purchaser of the stake will pay in two tranches.

Shophouse market posts 25.6% drop in sales in 2022

An estimated 189 shophouses were sold during the year. 

Growth of industrial rents to moderate by 1%-3% in 2023: Colliers

In 2022, the market recorded an annual growth of 6.9%.