Commercial Property
CDL Hospitality Trusts’ net income up 12.7% to $34m
And its gross revenue also rose 15.2% to $36.4 million in 3Q 2011.
CDL Hospitality Trusts’ net income up 12.7% to $34m
And its gross revenue also rose 15.2% to $36.4 million in 3Q 2011.
CapitaMalls Asia to co-develop biggest shopping mall in Suzhou, China
The seven-storey shopping mall, with a total gross floor area of about 250,000 sq m, will cater to upper middle and high-income shoppers.
Frasers Commercial Trust’s revenue up 3.8% to S$30.4m in 4Q11
Its revenue was buoyed by higher contributions from Central Park and KeyPoint.
Bedok and Bishan key to CapitaLand over next six months: Analysts
CapitaLand may have only sold 67 units in 3Q2011 at The Interlance, d’Leedon and Urban resorts, down from 271 units in 1H2011, so must make up ground...
CapitaLand achieves S$580.7m net profit for the first nine months of 2011
Group revenue stood at S$1,960.5 million for the nine months ended 30 September 2011.
FREIT’s revenue surges 79.2% to S$13.7m in 3Q11
It’s a good year ahead for FREIT as it has a strong pipeline of possible acquisition targets from its sponsor, Lippo.
Frasers Centrepoint Trust achieves record DPU of 2.35 cents in Q4 2011
Credits go to Causeway Point which lifted FCT’s net income to $82.6 m in FY 2011.
Ascott REIT’s unitholders’ distribution up 112% to S$25.3m
And its distribution per unit increased 21% to 2.23 cents in Q3 2011.
Prime rents in Orchard Road rise 2% to S$35 psf in 3Q11
However, the threat of an economic slowdown may be putting a lid on rental growth in the coming months.
Mapletree Logistics Trust’s revenue jumps 25.4% to S$68.3m
The surge in revenue was driven by positive rental reversions of 22% and improvement in occupancy rate to 99%.
Singapore office property market to stay firm amid economic slump
No need to worry as the country’s solidified status as one of the leading financial hubs will keep on attracting investors worldwide.
China New Town Development appoints Qian Yifeng as Executive Director
Qian shall continue to be the General Manager of Wuxi Hongshan New Town Development.
Rising rents: Industrial property rentals shoot up in Q3 2011
The average monthly gross rents of prime flatted factories and warehouses grew between 15-17% in the first three quarters of 2011.
Grade A office occupancy in its lowest level in six quarters
Average CBD occupancy slumped to 92.6% in Q3 2011 from 93.5% in the previous quarter.
Singapore is 7th most expensive office location worldwide
As Grade A office rents surged 18.4% to US$87 psf/year in the first half of 2011.
Keppel Land’s nine months profit drops to $191.8 mn
Yet the company’s fund management income grew 70% to contribute a profit of $39.7mn amidst reduced contribution from property trading.
Wearnes Development and Samsung China Investment forges alliance
Samsung to provide full range of electronic systems, products and after-sales service for Wearnes’ property development projects in China.