Commercial Property
Occupancy rate industrial property market declined 89.4% in Q4 22
Prices and rentals increased even as the occupancy dropped.
Keppel Corp. subsidiary acquires US-based oil firm
The capital is around ($1,312) US$1,000.
Six freehold shophouses in Serangoon Road sold for $62.5m
The sale price translates to $2,304 psf per plot ratio.
Broker maintains buy on Mapletree Logistics due to resilient balance sheet
The logistics trust posted 2.227 cents of distribution per unit.
Shophouse transaction value drops 38.7% YoY to $625.2m in H222
The surge in interest rates has dampened demand for the asset class.
Shophouse market sales to moderate to $1.3b-$1.5b in 2023
In 2022, the market recorded $1.6b in sales.
AIMS APAC REIT’s NPI jumps 14.0% YoY to $30.9m in Q323
The REIT attributed the increase to higher gross revenue.
Suntec REIT ‘vulnerable’ due to its exposure to tech sector: broker
It is also facing headwinds such as slow demand and cost pressures.
Office market to cool further in next 12 months: report
This could lead to a “greater re-pricing,” JLL said.
Logistics assets will continue to be popular but capital value may slow down
JLL said occupiers of warehouse spaces will be cautious due to rent hikes.
Which hospitality REIT will outperform amidst high tourist arrivals?
The tourism board said tourist visitor arrivals will double in 2023.
Mapletree Logistics Trust posts 1.9% DPU growth in Q3
DPU stood at 2.227 cents on an enlarged unit base.
Suntec REIT's distributable income rises 3.4% YoY to $255.5m in FY22
The increase also pushed distribution per unit up to $0.08884.
Prime retail spaces in Orchard Road to sustain rental growth in 2023
EDMUND TIE expects the sector to post a full-year rental growth of 7%-9%.
Chip Eng Seng’s closing date prolonged
The bourse filing showed that the closing date of the offer is on 2 February.
GuocoLand attributable drops by 13% in first half
This is despite a 46% revenue growth.
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