Commercial Property
Landlords cash in on Singapore's coworking boom
Landlords cash in on Singapore's coworking boom
Landlord-operated brands include csuites by Lendlease which occupies 72,000 sqft, whilst Guoco Midtown will set aside up to 97,500 sqft of their NLA...
CapitaLand announces US$3.4b of divestments in deleveraging bid
It aims to bring net gearing from 0.73x to 064x by end-2020.
Chart of the Day: Monthly rents for CBD Grade A offices hit $10.08psf in Q2
Rents may continue to rise as supply remains limited.
Frasers Property profits up 68.2% to $333.93m in Q3
Its recurring income from rents has boosted its profits.
OUE C-REIT's Q2 NPI soared 20.1% YoY to $40.8m
This is mainly due to contribution from the OUE Downtown office acquired last November.
UOL profits up 48% to $195.38m in Q2
Its fair value gains on investment properties skyrocketed 182% and boosted earnings.
Chart of the Day: Vacancy rate of CBD grade A office space fell to 5.6% in Q2
Demand hit 376,000 sqft even if there were no new completions of office space in Q2.
CDL profits slide 26.4% to $162.4m in Q2
The divestment of Manulife Centre and 7 & 9 Tampines Grande supported its growth.
GIC divests stake in $1.67b Sydney office
GIC was looking to divest its 50% stake in the tower since September 2018.
Daily Briefing: Fintech startup Helicap buys Arcor Capital; Cash over credit sought by white collars
And Singapore’s Hello Health Group acquires two Vietnamese online information platforms.
APAC real estate transactions hit record-high US$86b in H1: report
Property investment in Singapore doubled, with the office sector hauling in $6.37b in investments.
Perennial Real Estate Holdings Q2 profits down 74.9% to $2.17m
However, revenue surged 52.4% thanks to contributions from Capitol Singapore and its hospital in China.
CapitaLand profits down 5.3% to $875.4m in H1
Home sales in its core markets of Singapore and China declined.
Keppel unit to develop data centre in Australia
It bought a 3,840 sqm plot of land adjacent to its existing Gore Hill data centre.
Strata-titled retail units sales skyrocket 105% to $130.6m in Q2: Knight Frank
63 strata-titled retail transactions were lodged in Q2, up 50%.
Chart of the Day: Auction listings jumped 47.6% to 400 in Q2
Despite higher listing numbers, the success rate continues to go down.
Hongkong Land profit plunged 63% to $565.5m in H1
Net debt rose to US$3.9b due to land acquisitions.
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