Commercial Property
Multiple-user factory rents posted highest quarterly, yearly growth since Q3 2013
Multiple-user factory rents posted highest quarterly, yearly growth since Q3 2013
Rental indices for factories went up 2.1% quarter-on-quarter.
Boutique commercial building in City Hall submarket on sale for $30m
It will be on sale via expression of interest.
Business park rents rise 0.2% QoQ
Demand for the property was driven by technology and biomedical firms.
Far East Orchard improves earnings in H1 due to border opening
Its earnings reached $8m compared to $1.9m loss in the previous year.
OUE Limited’s earnings up to $88.7m in H1 22
It went up by more than 100%.
CDL bounces back with record $1.1b earnings for H122
The H122 earnings are the company's highest PATMI since 1963.
CapitaLand Investment Limited reports S$346m PATMI in H1
Despite lower profits, CIL is on track to reach its target of S$100b funds managed by 2024.
One Clapham Junction open for sale: Savills
The launch event is from 13 to 14 August.
Commercial real estate investment soar 74% YoY to US$5.6b in Q2
Singapore had the strongest performance amongst APAC markets.
Singapore beat other APAC markets in terms of commercial real estate investment volume...
Lendlease Reit net property income up 32.7% YoY in FY22
Its distribution per unit grew 4.9% year-on-year (YoY).
Ascendas REIT to acquire Philips APAC Center for $104.8m
More than two-thirds of the property’s gross floor area will be leased to Philipps.
Chart of the day: Strata retail gears up for a comeback
Reopening of the retail sector spurred interest in strata retail spaces.
Prime Freehold Corner F&B unit up for sale: CBRE
The unit is located at 2 Greenwood Avenue.
Manulife US REIT’s net income rises 2.8% YoY to US$57.6m in H122
The REIT said higher car park income was amongst the factors that drove the increase.
Ascott acquires first lyf-branded co-living property in Tokyo
The property will be acquired through the Ascott Serviced Residence Global Fund.
ARA H-Trust’s net income soars 131% YoY to US$21.1m in H122
The increase was on the back of the trust’s higher revenue and gross operating profit.
Prime US Reit’s net property income up 9.7% in H1 22
The net property income was at $70m (US50.8m).
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