Markets & Investing
Suntec REIT's distributable income dips 1.1% YoY in 1Q24
                                                                                 
                    
                    With lower income, the REIT also reported a 1.8% dip in DPU.
                
                                
            Suntec REIT's distributable income dips 1.1% YoY in 1Q24
                                                                                                                 
                            
                            With lower income, the REIT also reported a 1.8% dip in DPU.
                        
                                                
                        
    
                    CapitaLand Malaysia Trust reports a 36.8% YoY jump in DPU
                                                                                                 
                        
                        The firm’s distributable income also improved, rising 69.8% in 1Q24.
                    
                                        
                    
                Singapore properties boost OUE Commercial REIT’s NPI by 6.9% YoY
                                                                                                 
                        
                        These properties include Hilton Singapore Orchard.
                    
                                        
                    
                FCT's net property income declines 8.4% YoY amidst asset changes
                                                                                                 
                        
                        With lower NPI, FCT also recorded a decline in its DPU.
                    
                                        
                    
                Ren Yuanlin steps in as Yangzijiang Financial CEO
                                                                                                 
                        
                        He will succeed Teo Teow Heng.
                    
                                        
                    
                Sustainability and agrifood sectors fuel Singapore startup growth
                                                                                                 
                        
                        The verticals closed 16 and 13 deals, respectively, in 2023.
                    
                                        
                    
                Tech startup incorporations drop to 25 in 2023 amid economic uncertainties
                                                                                                 
                        
                        In 2022, there were 35 new company incorporations.
                    
                                        
                    
                Investment volume drops 34.7% YoY to $4b in 1Q24
                                                                                                 
                        
                        GLS tenders played a significant role in the investment volume.
                    
                                        
                    
                Mapletree Pan Asia Commercial Trust NPI rises 15.2% to $727.9m in FY23/24
                                                                                                 
                        
                        The REIT's Singapore portfolio helped boost its NPI.
                    
                                        
                    
                CLCT's net property income hit by lower logistics park earnings
                                                                                                 
                        
                        The REIT reported a 7.7% YoY lower NPI of RMB313m in 1Q24.
                    
                                        
                    
                CapitaLand Ascott Trust's profit up 15% YoY in 1Q24
                                                                                                 
                        
                        The REIT attributed the increase to stronger operating performance.
                    
                                        
                    
                First REIT DPU down 3.2% in Q1
                                                                                                 
                        
                        Foreign exchange rates and interest rates impacted First REIT’s financials in the first quarter of 2024.
                    
                                        
                    
                ESR-Logos REIT's NPI drops 10.8% post non-core asset divestments
                                                                                                 
                        
                        Gross revenue also dropped 8.9% in 1Q24.
                    
                                        
                    
                OneApex anticipates $5.1m from Tuas Seatown stake sale
                                                                                                 
                        
                        The company will sell its entire 30% stake to Amwich.
                    
                                        
                    
                Keppel REIT's net property income rises 7.2% YoY to $48.2M in 1Q24
                                                                                                 
                        
                        The REIT attributed the increase to strong operating performance.
                    
                                        
                    
                CapitaLand Ascendas REIT faces dip in overall occupancy to 93.3%
                                                                                                 
                        
                        In Singapore, the occupancy rate slipped by 0.4% QoQ.
                    
                                        
                    
                Singapore’s 1Q24 deals plummet 21.1% YoY
                                                                                                 
                        
                        In the whole of APAC, deal volume declined by 12.2% YoY.
                    
                                        
                    
                 
            	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                             
                             
                     
                             
                             
                     
                             
                             
                     
                             
           
                                 
                                 
                                 
               
                                     
                                     
                                     
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
                 
                 
                 
                 
                 
                 
                