Commercial Property
CapitaLand sells Citadines Mercer Hong Kong for $101.6m
CapitaLand sells Citadines Mercer Hong Kong for $101.6m
The property has an agreed value of $129.4m.
Chart of the Day: Check out the notable hotel land sales in 2018-2019
Midtown Development secured the Club Street site for more than half a billion dollars.
UOB appoints receivers of Libra Group's mortgaged property in Loyang
Three individuals have been named as joint receivers.
Frasers posts 100% occupancy rate after Amazon lease in Q4
The firm completed 122,554 sqm of leasing.
GIC buys tallest building in Beijing's Lize financial district
The firm will wholly own the property after the purchase.
ARA H-Trust buys three US Marriott hotels for $114m
The hotels are located in North Carolina and Texas.
Perennial Real Estate Holdings hit with $9.9m loss in Q3
This was mainly due to loss of gains from the revaluation of two Beijing plots.
Frasers Logistics & Industrial Trust's NPI up 23.2% to $186.7m for FY2019
This was boosted by contributions from new acquisitions in Europe and Australia.
CapitaLand profits down 7.8% to $333.93m in Q3
The absence of gains from divesting Westgate to CMT dragged down profits.
Chart of the Day: Auction listings down 15.5% in Q3
This was due to a fall in owner sale listings.
Riverside Piazza to be put for collective sale tender for $195m
The prime District 1 site can be converted for hotel use.
CapitaLand to sell 30 business park properties to Ascendas Reit for $1.66b
These include 28 office properties in the US and two facilities in Singapore.
Rental gap between CBD and fringe offices widens to 22%
Firms are thus seeking city fringe locations for their offices.
CDL Hospitality Trusts' NPI down 1.5% to $35.67m in Q3
It was hit by lower income in the Maldives and Japan markets.
Ascott REIT's profits up 1% to $65.05m in Q3
This was due to lower revenue from the sale of Ascott Raffles Place Singapore.
Yanlord's UEL takeover at risk of tepid shareholder response
The offer price of $2.60 apiece is lower than the latter’s closing price of $2.62.
Tight vacancies in CBD offices to drive Suntec REIT's gains
Suntec City Office, MBFC, and ORQ could benefit from positive office rental reversions.
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