Commercial Property
NetLink NBN profit climbs 19.7% YoY to $109.3m in FY23
Its 5.24 Singapore cents DPU is the highest the Trustee-Manager distributed since listing.
NetLink NBN profit climbs 19.7% YoY to $109.3m in FY23
Its 5.24 Singapore cents DPU is the highest the Trustee-Manager distributed since listing.
Soon Hock secures Tampines North Drive 4 plot for $113.89m
The site was launched for tender on 31 January, with Soon Hock
Two-storey attic shophouse within City Hall for sale
The expression of interest ends on 21 June 2023 at 3 pm.
Developers face new requirements as Singapore safeguards property market from AML/TF activities
SG rolls out new anti-money laundering and terrorism financing requirements for developers that take effect on 28 June.
Commercial site in Hoe Chiang, Lim Teck Kim roads up for sale for $216m
Buyers could use the 18,540-square-foot site for commercial or hotel development.
CapitaLand Ascendas RET closes private placement at $2.727 per unit
The issue price represented 5.1% of the $2.8727 VWAP per unit.
What are Singaporeans’ preferred markets for commercial real estate investment?
Investors from SG deployed a total of US$15.8b into global real estate in 2022.
United Hampshire US REIT’s net property income rises 13.5% YoY to US$12.9m in Q1
The REIT attributed the increase to the resilient performance of its existing properties.
CEREIT net property income up 3.6% YoY to $48.9m in Q1
Its DPU showed resiliency despite falling 2.4% YoY in Q1.
Chart of the Day: Companies leading in data centre market
Knight Frank said Google has the highest market share.
Keppel launches smart and low-energy commercial tower in Tanjong Pagar
The 33-storey building will offer 650,00 sq ft of technology-forward spaces.
Keppel, KIT acquire stake in a wind farm in Sweden for $6.9m
The companies will have 2.9% and 13.4% stake in Fäbodliden II, respectively.
SG’s commercial real estate sales jump 40% YoY to US$3.7b in Q1
The Lion City is amongst the only two major markets to post an increase in investment volume.
Frasers Property Limited’s attributable profit grew 42.8% in H1
It went up to $225.8m in the first half (H1) of fiscal year 2023.
Chart of the Day: Business park rents went up 0.6% in Q1
It deaccelerated from a 1% increase in the fourth quarter of 2022.
Demand for higher specification industrial assets to back industrial market
Manufacturing, logistics, biomedical, and food sectors will drive demand.
Prime US REIT’s NPI drops 7.2% YoY to US$23.6m in Q1
Given the drop, the REIT also posted a lower distributable income of US$14.9m.
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