Commercial Property
Daily Briefing: Cross-border payments startup Thunes bags US$10m in series A funding; K Hotel in Geyang up for sale at $25m
And over 20 households in five-room and larger flats sold part of lease in Q1.
Daily Briefing: Cross-border payments startup Thunes bags US$10m in series A funding; K Hotel in Geyang up for sale at $25m
And over 20 households in five-room and larger flats sold part of lease in Q1.
Chart of the day: Grade A CBD rents up 2.3% to $10.61 psf/mo in Q1
This broke the peak in Q1 2015 where rents hit $10.43 psf/mo.
Hong Lai Huat Group sells Cambodia property for $1.53m
The factory in Kandal Province has a built-up area of 4,698 sqm.
Daily Briefing: HDB builds 10-ha park in Bidadari estate; SGX-listed environmental firm 800 Super Holdings to go private
And Hootsuite is closing its Singapore office.
Why auctions are failing to take off even as listings rise
The aggregate value of properties sold at auctions fell 26.1% to 11.57m in Q1.
Frasers Property's H1 profit jumped 37.2% to $265.99m
Contributions from Frasers Tower and the south wing of Northpoint City boosted earnings.
ARA US Hospitality Trust prices IPO at US$0.88 per share
It is looking to raise US$498m.
CapitaLand profits slipped 7.4% to $295.57m in Q1
Lower contributions from Singapore and China dragged on earnings.
Surbana Jurong and Silk Road Fund to co-invest US$500m in Southeast Asia infrastructure fund
The fund will focus on greenfield projects in the region.
Oxley sells Chevron House for $1.025b
The property is being revamped before the completion of the proposed sale.
Manulife US REIT buys US freehold Class A office building for $166.09m
The acquisition could boost the firm’s DPU by 3.3%.
Keppel Capital arm buys three Korean Grade A commercial buildings for $510m
The portfolio comprises Yeouido Finance Tower, Nonhyun Building and Naeja Building.
Chart of the day: CBD rents to rise up to 9% in 2019
Islandwide occupancy rate increased from 92.4% in Q4 2018 to 93.5% in Q1.
Frasers Logistics & Industrial Trust NPI jumped 43.3% to $45.97m in Q2
Earnings were bolstered by its 2018 and 2019 acquisitions in Europe and Australia.
Cache Logistics Trust's NPI jumped 4% to $23.77m in Q1
Its nine properties in Australia and the conversion of CWT Commodity Hub's lease structure led revenue increases.
Chart of the Day: Industrial prices down 0.1% in Q1
Rents remained flat in the first quarter.
Eagle Hospitality Trust lodges IPO prospectus
It plans to float its initial portfolio of 18 hotels across the US worth US$1.27b.
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