Commercial Property
Chart of the Day: Investors spent US$28.4b in overseas real estate in 2017
This is the highest value since 2008.
OUE C-REIT's net property income dipped 0.3% to $34.7m in Q4
No thanks to lower rental and one-off income.
Geylang mixed use site up for grabs for $36m
The site has a land rate of $948 psf ppr for commercial use or $704 ppr for institution use.
Chong Kuo Road site sold for $43.95m
Lian Soon Holdings Pte Ltd and OKP Land Pte Ltd placed the winning bid.
Golden Shoe Car Park redevelopment to boost CCT's income
The property is expected to be finished by 2021.
Ascendas REIT scrambles to find tenants for Singapore properties
Its occupancy rate fell from 90.1% to 88.8%.
Ascendas REIT's property income inched up 1.7% to $157.6m in Q3
This was due to a property tax increase of 42.9%.
Capitaland establishes three subsidiaries
Two of them will focus on investment holding.
Starhill Global REIT's property income dipped 2.2% to $40.5m in Q2
This was highly caused by a decline in office assets in Singapore and Australia.
9 Hongkong Street shophouse looking for buyers
It is open to both local foreign buyers and has no ABSD.
Watch out for more commercial property deals in 2018
The sale of a Beach Road commercial site for $1.62b led the deals in Q4.
Singapore's overseas property investments surged 40% to $37.18b
It also rose to become the largest investor in the US market.
Tuas South Link 3 industrial site sold for $2.63m
It was awarded to the only bidder, Soilbuild Construction Group Ltd.
Funan Mall's redevelopment to be completed before 4Q2019
This shows a potential boost for CMT’s 2018 profit.
FLT's net property income jumped 8.9% to $35.15m in Q1
It completed its Beaulieu and Stanley Black & Decker facilities in late 2017.
Price of office space dipped 2.4% in 2017
Total supply dipped from 607,000 sqm to 597,000 sqm in Q4.
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