Commercial Property
Grade A CBD fell to $10.61 psf/month in Q1 2020
Grade A CBD fell to $10.61 psf/month in Q1 2020
Overall GDP also contracted at -2.2% whilst service industries declined at -3.1%.
CBD Grade A rents up 4.7% in Q1
Capital value and rates also remained unchanged in Q1 2020. CBD grade A office rents rose 4.7% YoY to $10.09 per sqft per month (psf pm) in Q1 as the...
City Developments to commit $17m in rebates
Tenants to get full rental rebates in April, 50% in May. City Developments Limited (CDL) is committing more than $17m in property tax and rental...
Suntec City waives rents for all tenants in April
It will also provide rental rebates in May.
CapitaLand unit reopens Wuhan malls
Its portfolio’s footfall has rebounded from the previous month’s low.
SPH REIT NPI increased 23.3% to $56.5m in Q2 2020
The improvement came from 98.9% occupancy rate in their assets.
OUE introduces rental relief package
These include a waiver of gross rental for April 2020 and rent cuts of 15%-25%.
Keppel Land China sells stake in Jiangyin site for $94.5m
It is expected to be completed in Q3.
Ascendas Reit buys 25% stake in business park property for $102.91m
The property has a gross floor area of 68.835 sqm.
Court hearing for FLT-FCOT merger set on 3 April
FCOT will be delisted on 29 April.
SPH board and senior management to take pay cuts
SPH Reit grants rebate to businesses to reduce the impact of COVID-19. Singapore Press Holdings (SPH) board members will take a voluntary 10%...
Frasers Property tops up $45m in rental rebates
It will be disbursed to its retail tenants in a targeted manner.
OUE CREIT launches $2b multicurrency debt issuance programme
Proceeds may be used partly for refinancing the trust’s borrowings.
DBS provides $178.09m sustainable loan to HK listed REIT
Proceeds will be used for general corporate funding purposes.
Manulife US REIT bags 53,000 sqft lease for New Jersey property
It has a tenure of 12 years.
Keppel sets up package in aid of national efforts against COVID-19
The initiative is expected to raise more than $4.2m.
Returns of China-focused S-REITs down 23% in March YTD
CapitaLand Retail China Trust led the declines with a 33% drop in returns.
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