Commercial Property

Ascott Residence Trust posts 14% DPS growth in H1 22

Its distribution per stapled security went up to $0.0233.

Rising rents to boost Suntec Reit’s office, retail assets: Maybank 

The firm’s distribution per unit went up 15% in the second quarter of 2022.

Property market to see ‘relatively’ strong, yet slower growth

Investment sales are expected to exceed $30b in 2022. 

Industrial occupancy rate inches up to 90% QoQ in Q2

This is on the back of the multiple-user factory and warehouse segments.

Chart of the day: 114 shophouses sold for $938.8m in H1 2022

Sales activity may have dipped however the market shows no sign of slowing.

Park View Mansions acquired enbloc for $260m

The property will be turned into a residential development.

CICT net property income jumps 6.2% YoY to $501.6m in H1

This was driven by the completion of acquisitions and higher rental income.

Suntec REIT DPU rises 15.8% YoY in H1

Its distributable income from operations increased by 7.1% You to $126.6m.

Shophouse along Craig Road on sale for $12m: Savills

It will be sold via expression of interest until 31 August.

Keppel REIT’s net property income up 6% YoY in H1 2022

Its portfolio committed occupancy stood at 95.5%.

Frasers Centrepoint Trust's tenant sales jump 23% YoY

Amongst Frasers' assets, Tampines 1 and Waterway Point had the highest sales growth.

ESR-Logos Reit reports 6% fall in H1 DPU

Higher utility expenses drag down DPU for the first half of the year.

CLCT’s net income jumps 15.9% YoY to $139.5m in H122

The increase was due to strong contributions from CLCT’s business parks and logistics assets.