Commercial Property
Starhill Global REIT's NPI dips 0.9% YoY amidst currency challenges
NPI for the period was $37.7m.
Singapore prime office values hold steady in Q1
Small deals to dominate the first half.
Auction listings drop 9.1% QoQ in 1Q24
There were 90 listings in the first quarter of 2024.
Cromwell European REIT offloads Finnish and Italian assets for $10.5m
The assets were sold for $7.9m and $2.63m, respectively.
Industrial space rentals climb 1.7% QoQ in 1Q24
Year-on-year, it rose 7.8%.
Office space stock drops 41,000 sqm in 1Q24
The stock contraction resulted in a drop in the island-wide vacancy rate.
Industrial prices mark first drop since 3Q20
Prices fell 0.2 QoQ.
Industrial occupancy dips to 88.7% in 1Q24
Occupancy fell 0.3 ppt from 4Q23.
Singapore industrial rents rise 1.7% in Q1, prices dip for the first time in over three years
Price and rents expected to soften due to slow global growth and high supply.
Expert forecasts continued rise in prime office rents
In 1Q24, Singapore recorded a 3.4% YoY uptick in occupancy cost.
Surveyors report stable commercial property market amid healthy demand
A net balance of +7 surveyors noted an increase in developments in Singapore.
Mama Shelter Singapore hits market for $195m
CBRE is selling the asset via an EOI exercise.
Prime office rents rise 3.4% in 1Q24
Knight Frank said rent rates could stabilise in the second half of 2024.
Singapore commercial real estate investments up 14% in Q1
APAC commercial property investments are up 13% YoY.
Anti-money laundering bust affects shophouse sales
In 1Q24, shophouse deals rose 31% QoQ but fell 34% YoY.
APAC Realty partners with Upper Room Realty for Philippine expansion
The Philippines is APAC Realty’s 13th country in its Asia Pacific portfolio, and the 40th globally.
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