Commercial Property
APAC Realty acquires 22% stake in ERA Vietnam for $4.9m
APAC Realty acquires 22% stake in ERA Vietnam for $4.9m
The acquisition will bring APAC Realty’s total stake in ERA Vietnam to 60%.
3 floors of strata office in 20 Cecil Street on sale for $36m-$37m each
The offices have a combined gross floor area of 33,648 sq ft.
Premium, Grade A office space rents up by 0.9% QoQ in Q4 22
Rents reached $11.40 per square feet in the fourth quarter last year.
CBD Grade A office gross rents to grow 2% in 2023
If interest rates remain at pre-pandemic levels, rents will likely grow 11.1% YoY.
LHN Group transforms underutilised buildings into modern spaces
The company has converted unused spaces into almost 2,000 co-living rooms.
Cost pressures to raise retail sales revenue, advertising costs in 2023
Savills said the rents will move up for prime retail and suburban rents.
Limited supply of warehouse space post 2024 to pressure on rents
Rents for prime warehouse and logistics assets to go up 2% to 5% in 2023.
Ming Arcade sold for record S$172m: Savills
The buyer, Royal Group of Companies, plans to redevelop the site.
Family office Royal Group of Companies has purchased shopping mall Ming Arcade for...
Public tender for Trendale Tower relaunched for $168m
The property is a freehold residential site located within Cairnhill.
Offer to acquire remaining shares in Chip Eng Seng turns unconditional
Tang Dynasty Treasure plans to acquire a 51.73% stake in the company.
S-REITs bounces back in November as total returns rise by 5.7%
In October, S-REITs' total returns fell by 5.6%.
Frasers Property installs ThaiBev CEO to its board
Thapana Sirivadhanabhakdi will serve as a non-executive, non-independent director.
Setsco Services wins tender for Jalan Papan industrial site
The company clinched the site for $7m.
Demand for office spaces to cool down in 2023: C&W
Rents are expected to increase by 2%-4% YoY next year.
Singapore Billionaire secures stake in SGX-listed firm A-Smart
In total, the stake for Oei Hong Leong is worth $5.37m.
New economy assets to drive rental growth in the industrial property market
This property type is poised to grow by 2% to 3% in 2023.
Digital Core Reit trustee secures $428m loan facility
The facilities have a three-year term loan and a five-year term loan.
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