Commercial Property
Chart of the Day: Retail property deals soared 204% to $4.1b in 2019
Chart of the Day: Retail property deals soared 204% to $4.1b in 2019
Investor interest as well as M&As drove growth.
Strata office sales jumped 30.4% to $1.2b in 2019
Their average price rose 8.8% as more were sold in prime locations.
Chart of the Day: Share of posh shophouses sold declined in 2019
Higher-priced units may not appeal to buyers with shorter investment horizons.
Chart of the Day: Check out the priciest shophouse deals in 2019
The most expensive deal has an area of 6,262 sqft and was sold for $8,623 psf.
Financial advisors greenlight FLT and FCOT merger
FLT’s advisors found the merger to be on normal commercial terms.
Chart of the Day: Freehold shophouse prices slipped 16.5% in 2019
Buyers were less willing to commit to freehold shophouses at higher unit prices.
Singapore Shopping Centre relaunched for en bloc sale for $255m
It comes with a provisional approval to rezone for hotel use.
Industrial property rents continue to ease in H2
Factory, warehouse, and logistics properties saw a drop in average monthly gross rents for the period.
Retail rents tipped to remain flat in 2020
Easing of new supply pipeline in 2020-2024 could buoy rents.
Wing Tai Holdings' profits surged 79% to 32.82m in H1
Contributions from Le Nouvel Ardmore added to the group’s $18m operating profit.
Strata retail sales down 14.4% to $341.1m in 2019
The number of transactions was down to 203 caveats lodged.
Chart of the Day: Shophouse sales fell 29.8% to 118
Shophouse owners were unwilling to cut their asking prices due to limited supply.
Retail space vacancy rate hit 7.5 % in Q4
A pickup in malls’ leasing demand countered tha vacancies from the Somerset Subzone.
Oxley Holdings posts 90% profit plunge to $3.56m in Q2
It was blamed on lower revenue contribution from the development project in the UK.
Lendlease Global Commercial REIT's NPI hit $16.18m in Q2 FY2020
Leases at 313@somerset boosted its revenue.
Frasers Property's retail unit acquires manager of 6 retail malls and 1 office tower
AsiaMalls Management will become a subsidiary of Frasers Property Retail.
PayPal refreshes its Singapore Innovation Lab with tech offerings
It has a facial recognition system to register guests to its in-house Augmented Reality-supported bar.
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