Commercial Property
City Developments to benefit from income ceiling hike
Well it still has 700 unsold EC units from Blossom Residences, so it figures.
City Developments to benefit from income ceiling hike
Well it still has 700 unsold EC units from Blossom Residences, so it figures.
City Developments acquires 30% stake in Millenium & Copthorne’s Ginza project
M&C owns the remaining 70% stake, allowing it to gain a strategic foothold in Tokyo’s most famous shopping, dining and entertainment district.
Slumping demand for office space sees industrial rents stagnate in 3Q11
No change in average industrial rental prices at $3.45 psf/month.
Dow Jones Sustainability Indexes selects City Developments as index component
CDL is the only Singapore developer to be selected by the global sustainability benchmark.
URA launches tender for Soon Lee Street site
The 19,618.7 sqm land parcel, with a lease period of 30 years, is to be developed for Business 2 uses.
CBD prime office rents stagnant in 3Q11
Average gross rent of office space in Raffles Place was flat at $9.80 psf/month in Q3 2011, after rebounding by 25.6% in Q1 2010.
Prime housing rents fall for first time in nearly 4 years
Housing rents in prime areas have dropped for the first time in nearly four years, as uncertainty in the global economy meant fewer executives are...
URA launches tender for Jalan Bukit Merah / Alexandra Road site
The 7,946.2 sqm hotel site will have a minimum bid of $98m.
Playing safe: 77% of Asian investors won’t risk buying properties
And more than 75% of the investors said they aim for a 15% internal rate of returns or higher for investments.
Prime Orchard Road rents register biggest increase since 2007
It has risen five percent from the second quarter of 2011 to average $31.60 psf/ month.
Property investment deals slump 55% in Q3 2011
Investors are more cautious as real estate investment sales were only $4 billion in Q3 2011, the lowest level since Q1 2010.
Ascendas REIT acquires business park within the Haidian district in Beijing
The property was acquired from a related party of its sponsor, the Ascendas China Industrial and Business Park Fund, for RMB 300m.
A-REIT acquires business park property in Beijing
The 37,707 sqm Ascendas Z-Link is near a major thoroughfare and a Metro Light Railway station.
Likelihood of 2nd Lehman-like doomsday hurts office rents
Prime office rents are seen to contract by 9.9% in FY12 as businesses hold off leasing plans.
CapitaMalls Asia’s secondary listing in Hong Kong to begin trade in October
A filing to HKEx said no new shares will be issued as a result of the listing.
Jones Lang LaSalle appoints David Green-Morgan as global capital markets research director
David will start November 2011 and will be based in Singapore.
LMIR Trust obtains S$200mn term loan facility
Facility secured at a competitive interest margin of 4% per annum is aimed to refinance existing term loan of S$125mn and for future asset...
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