Commercial Property
ESR-LOGOS REIT’s NPI soars 41.0% YoY to $244.2m in FY22
The REIT attributes the increase to contributions from ALOG Trust.
Negotiations on St Katharine Docks acquisition underway: CDL
The company clarified reports it has acquired London-based SKD.
4-storey commercial property along Serangoon Road up for sale
Expression of interest ends on 7 March at 3 p.m.
What property experts have to say on the JTC industrial rental index
Occupancy rate declined 89.4% in the past quarter.
CDL Hospitality Trusts NPI up 43.7% YoY to $123.7m in 2022
It was mainly driven by the Singapore market and UK Hotels.
CapitaLand Ascott Trust’s DPS up by 47% in H2 22 due to ‘strong portfolio’
Its gross profit also went up 80% during that year.
FCT's retail portfolio committed occupancy rises to 98.4% in Q123
The REIT attributed the increase to healthy leasing demand.
MapleTree Industrial Trust's NPI drops 1.2% QoQ to $128.8m in Q322/23
On a year-on-year comparison, however, NPI rose by 4.9%.
Frasers Property, FCT acquire 50.0% stake in NEX for $652.5m
NEX is the largest suburban retail mall in Northeast Singapore.
Real estate investment volumes in APAC to fall 5%-10% in 2023
In 2022, volume declined by 25%.
Occupancy rate industrial property market declined 89.4% in Q4 22
Prices and rentals increased even as the occupancy dropped.
Keppel Corp. subsidiary acquires US-based oil firm
The capital is around ($1,312) US$1,000.
Six freehold shophouses in Serangoon Road sold for $62.5m
The sale price translates to $2,304 psf per plot ratio.
Broker maintains buy on Mapletree Logistics due to resilient balance sheet
The logistics trust posted 2.227 cents of distribution per unit.
Shophouse transaction value drops 38.7% YoY to $625.2m in H222
The surge in interest rates has dampened demand for the asset class.
Shophouse market sales to moderate to $1.3b-$1.5b in 2023
In 2022, the market recorded $1.6b in sales.