Commercial Property
Sales value of strata office units climbs 1.8% YoY to $1.17b in 2023
Volume was similar to 2022’s level.
Sales value of strata office units climbs 1.8% YoY to $1.17b in 2023
Volume was similar to 2022’s level.
Tech sector to spur office leasing activity in 2024: expert
2024 will see 2.9 million sq. ft. of new office supply.
Surge in completions to slow industrial rent growth in 2024
In 4Q23, the rental index rose 1.7% QoQ.
Link REIT to buy out Qibao Vanke Plaza in Shanghai for $451.2m
The REIT will fund the acquisition through internal resources.
Why are investors so keen on freehold strata office space in the CBD?
The strata office market saw a 10.8% increase in transactions QoQ in Q4.
Shophouse deals plunge 65% in Q4 on cautious investor sentiment
Dealmaking down for two consecutive years.
Wing Tai's net profit dwindles to $20.5m in 1H24
In the corresponding period, the company's net profit was $63.3m.
CapitaLand’s new acquisitions to boost its funds under management in SEA to $1.2b
Two of the four acquisitions are industrial properties in Singapore.
Mapletree Industrial Trust divests Tanglin Halt assets for $50.6m
The REIT will be selling off five-storey and two-storey flatted factories.
Airport co-working centre launched for business travellers
The pay-per-minute space at Changi Airport has close to 50 hot desking stations and nap pods, allowing travellers to ‘check-in’ at work.
CapitaLand-backed The Work Project signs JV to expand flex-workspace in Australia
Dexus’ operations will be transferred to TWP.
Native Land appoints Chris Fossick as non-executive director
Fossick was formerly JLL Southeast Asia’s CEO.
Hong Lai Huat sells Cambodia properties for $50m
The properties will be sold into two separate sale and purchase agreements (SPAs).
Leasehold strata office sales climb 7.8% HoH to 114 in 2H23
Sales value for the period was $291.7m.
Frasers Property Limited’s pre-sold revenue hits $2.4b in 1Q24
Its net debt-to-equity ratio also increased to 78%.
Hiap Hoe sells Melbourne hotel for $83m
The company will use the proceeds to repay bank borrowings and fund working capital.
CapitaLand India Trust to acquire 3 industrial facilities in India for $43.2m
The facilities have a total net leasable area of 0.79 million square feet.
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