Commercial Property
CapitaMall Trust to enjoy positive rental reversion
Rate of growth of spot rents however is expected to decline.
CapitaMall Trust to enjoy positive rental reversion
Rate of growth of spot rents however is expected to decline.
Amazing A-REIT revenues up 5.6% YoY to $119.9m
Total amount available for distribution also rose 4.4% YoY and 7.6% QoQ to S$65.9m.
CapitaMall Trust second quarter distribution up 3.1%
Unitholders can expect to receive their distribution per unit on 26 August 2011.
Pioneer Road North / Soon Lee Street site awarded to KNG Properties
It outbid six others with its more than $64m offer.
K-REIT Asia buys 50% stake in premium grade office building in Sydney
The property is amounted to up to S$223.3mn and fully-equipped with state-of-the-art facilities.
Ming Arcade up for collective sale by tender
The redevelopment site, located on 21 Cuscaden Road is zoned ‘commercial’ with a gross plot ratio of 4.2+ and an allowable building height of 20...
Divestments hurt CapitaCommercial Trust
Gross revenue fell 9.2% after dropping Robinson Point and Starhub Centre.
CapitaLand enters JV to redevelop Market Street Car Park
The total project development cost is estimated to be more than S$1b.
URA closes tender for Pioneer Road North / Soon Lee Street site
Highest bid among seven developers was over $64m by KNG Properties.
Public sector investment sales jump 38.2% to $4.67b
This is the highest quarterly level of state land sales achieved in four years.
Rentals for factory and warehouse spaces surge by 6-7% in 2Q 2011
This is the fastest quarterly growth in three years.
Incredible tourism buoys retail property market in Q2 2011
A record 1.1 million tourists visited Singapore in April, says Singapore Tourism Board.
S-REITs beat developers by 13%
They have collectively acquired cS$1.9bn of assets YTD.
Grade A office space occupancy dips to 93.5% in 2Q 2011
The slip in occupancy rate was most pronounced in the Raffles Place/New Downtown where it fell 1.5 percentage points to 94.2%.
Peace Centre/Peace Mansion up for collective sale
Tender closes at 3pm on 3 August 2011, so hurry.
Temasek Tower Limited put under members’ voluntary liquidation
The CapitaLand subsidiary has been dormant since 2007.
Ascendas REIT acquires Nordic for S$122m
The latest acquisition in International Business Park will add 0.02S¢ to the company’s distribution per unit.
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