Commercial Property
Mapletree Industrial Trust’s NPI grew 8.3% in Q2 FY 22/23
It attributed higher earnings from stable portfolio performance.
Mapletree Industrial Trust’s NPI grew 8.3% in Q2 FY 22/23
It attributed higher earnings from stable portfolio performance.
Shophouse property deals muted in Q3
Transactions during the quarter were down by half.
Sandpiper Hotel guide price to start at $35m
The property consists of 29 hotel rooms.
Merger helped raise ESR-LOGOS Reit Q3 22 NPI by 59.1%
ESR-LOGOS Reit posted net property income of $69.9m.
Frasers Centrepoint Trust reports DPU of 6.0911 cents for H2
Net income rose to $128.12m during the second half of its fiscal year.
Mapletree Logistics Trust’s net property income up 10.8% to $160m in Q2
DPU grew 3.5% to 2.248 cents.
Keppel signs MOU with Greenko to explore green ammonia production
They will explore the feasibility of developing a 250,000 tonne green ammonia production facility.
Keppel REIT distributable income up 3.4% to $165m
The REIT promised to distribute an additional $100m over the next 5 years.
Katong Point at Joo Chiat Road for sale at $100m
The commercial building is located near the upcoming train station.
CICT net property income climbs 12.7% in Q3
Its income stood at $273.3m.
Themed lifestyle stores gain ground in malls
Such stores include Daiso, Don Don Donki, Decathlon, and Muji.
Grade A office rents rise by 1.4% in Q3: report
This is the highest yearly growth in a quarter since end-2019, Savills noted.
Five-storey office building with 999-year tenure up for sale
The indicative price for the property is $120m.
Keppel Infrastructure opens 1st Green Mark Platinum Positive Energy building in Changi
The building is expected to yield about 600,000 kWh/year of renewable energy.
Property investment sales decline 33.4% QoQ in Q3
Higher interest rates and global political uncertainties affected investment sales.
Commercial investment sales down 64.6% QoQ to $718.4m in Q3
This is due to the lack of major transactions during the period.
Rental growth for prime logistical properties expected to moderate in 2023
Occupiers are more cautious in expanding due to ongoing global conflict.
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