Commercial Property
Quek & Quek Civil Engineering bags Woodlands Avenue 8 tender for $6.9m
Quek & Quek Civil Engineering bags Woodlands Avenue 8 tender for $6.9m
The tender for the industrial site closed on 20 June.
Industrial rental growth decelerates to 2.1% QoQ in 2Q23
Higher supply will continue to moderate rental growth, said Colliers.
UHREIT reveals lower DPU YoY in H1
The retention of a property led to a lower DPU in the first half (H1) of 2023.
CEREIT’s DPU moderately drops by 4.5% YoY in H1
It was hit by the higher interest rates.
CLI’s PATMI down 19% to $351m in H1
The PATMI was attributed to improved operating performance in most sectors.
UOL’s net attributable profit shrinks to $135m in 1H23
Lower attributable fair value gains on its investment properties drove the 64% YoY decline.
Sasseur REIT’s DPU drops 2,6% YoY in 1H23
On a like-for-like currency basis, DPU would have been higher by 8.1% YoY.
CLI clinches $1.3b equity commitment for its private funds
To date, CLI has raised a total equity of $3.2b.
Total investment in commercial property falls 65% QoQ in Q2
The value of the total investment went down to $1.8b.
Grade A business park development fund launched in India: CLI
The fund has a target size of $525m to invest in business parks.
Frasers Property posts ‘steady’ operational performance in Singapore
Its commercial portfolio occupancy grew for the fifth consecutive quarter.
Prime US REIT’s net property income drops 7.2% YoY to US$47.2m in 1H23
The REIT attributed the decline to lower occupancy and higher operating expenses.
Far East Orchard’s profit attributable to equity holders rises 2.1% YoY to $8.2m in 1H23
The company attributed its improved earnings to strong tourism growth.
Singapore Land’s PATMI down 53% in H1
The firm reported a $168.4m net profit in the first half (H1) of 2023.
LHN Group subsidiary buys Rangoon Road Property
99 Rangoon Road was sold for $14.5m.
Paragon REIT NPI up 0.1% YoY to $106.1m in H1
However, its DPU declined by 15.7% to 2.4 cents.
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