Commercial Property
Good Class Bungalow land at Jervois Hill up for auction
Unit land prices for GCBs have breached $2,685 (US$2,000) psf.
Good Class Bungalow land at Jervois Hill up for auction
Unit land prices for GCBs have breached $2,685 (US$2,000) psf.
Prime US REIT divests One Town Center to Miles Capital for US$82m
It sold the property below its valuation.
Strata retail units at PLUS on market for $3.8m-$7.75m each
Foreigners can buy the units with no ABSD or SSD imposed.
Sandpiper Hotel up for sale for $33m
Expression of interest closes on 19 June 2024, at 3 pm.
Singapore offices most expensive to fit-out in SEA
Firms sink an average of $140 per square foot to fit-out their offices.
LHN net profit drops 14.6% in H124
Gross profit rose 36.0% to $34.6m.
Warehouse occupancy and rents to fall amid increased supply
In 1Q24, rents rose 2.0% QoQ, whilst occupancy fell to 91.1%.
GuocoLand unit sells stake in Eco World International for $61m
The subsidiary held a 27% stake in Eco World International.
Mapletree Logistics Trust divests Tuas property for $10.5m
It sold the 25-year-old property above valuation.
Frasers Property profits plunge 74.6% YoY in 1H24
The company attributed its lower profit to UK impairments.
Strata office sales up 11% in Q1 as Singapore attracts wealthy
Higher interest rates kept prices in check.
Softer demand to slow rental and price growth for factories
In 1Q24, rental indices saw single-digit increases.
FLCT debt management, expansion to stay prudent in next 2 years: S&P
Credit rating upgrade unlikely in the next 12 to 24 months.
Business park rents grow 2.1% in 1Q24
Rents, however, may soften amidst elevated vacancies.
Singapore office demand softens
Previously leading office expansions, tech firms and banks are now scaling back.
2-storey Bussorah Street shophouse for sale for $5.18m
The expression of interest is until 15 June.
Coliwoo and Macritchie JV acquires Wilmer Place for $26.5m
Savills executed the sale.
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