Commercial Property
Sovereign Wealth Fund acquires 49% stake in Ho Bee Land's SPV for $555m
The SPV holds the biomedical life-science development, Elementum.
Sovereign Wealth Fund acquires 49% stake in Ho Bee Land's SPV for $555m
The SPV holds the biomedical life-science development, Elementum.
Ho Bee Land posts $9.5m net profit, reversing last year's loss
The company credited its return to profitability to a revenue increase.
Strata retail sales rise in Q2 but fail to lift H1
In H1, trasncations fell 10.9% HoH.
Lower costs boost CICT's NPI by 5.4% YoY to $582.4m in H1
Higher NPI boosted the trust's distributable income by 3.7% YoY.
Sinarmas Land's net profit up 7.4% in H1 2024
Profit attributable to shareholders fell 18.7%.
Ascott revamps The Unlimited Collection portfolio with new cultural offerings
The Unlimited Collection currently has 11 properties across Asia, Europe, and the Middle East.
APAC Realty's profit drops 19% YoY on lower new home sales
New home sales usually result in higher margins for the company.
BHG Retail REIT DPU down 33.3%, NPI up 3.5%
Revenue for the period rose 4.2%.
SingLand’s net profit sinks 38% in H1 2024
The decline was due to a significant drop in fair value gain on subsidiaries’ investment properties.
EC World REIT NPU down 7.1% in Q2
Net property income for the period was $23.8m.
Frasers Property's unrecognised revenue reaches $1.9b for 9M 2024
Its 9M unrecognised revenue is already close to FY2023 levels.
Singapore leads Asia Pacific with a 10.8% YoY rise in logistics rents
Knight Frank attributed the growth to the nation's strong manufacturing.
Industrial leasing volume down 5.3% YoY in Q2
Rents increased 0.6% QoQ to $3.96 per sq ft.
Cromwell European REIT suffers 9.5% DPU decline on asset sales impact
Apart from lower DPU, the REIT recorded lower net property income.
Elite UK REIT's NPI falls 4.7% YoY to £18.7m on vacancy costs
The REIT's lower NPI led to a 1.7% YoY drop in unitholder distribution.
Expert cuts shophouse sales forecast to $700m-$800m for 2024
The previous projection was $1.1b-$1.2b.
Paragon REIT revenue soars 30% in H1 2024
Revenue for the period was $147.4m.
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