Commercial Property
Seletar Mall buy could add up to 10% to SPH REIT's FY 2019 DPU
Seletar Mall buy could add up to 10% to SPH REIT's FY 2019 DPU
The firm’s DPU inched up 1.5% YoY to $0.0139 in Q3, thanks to higher contributions from The Rail Mall and Figtree Grove Shopping Centre.
Chart of the Day: Total property investment sales fell 9.52% to $11.4b in H1
Industrial property sales led the declines.
Singapore Press Holdings profits dropped 44.1% to $26.2m in Q3
Lower print advertisement and circulation revenue dragged down the company’s performance.
CapitaLand's development pipeline doubles to 13.9 million sqm over Chinese, Indian assets
Its China development pipeline alone has grown 25% to 7.1 million sqm GFA.
Ascott expands portfolio with 26 new properties
It has branched out into six cities such as Atyrau, Yokohama, Seongnam and Hoi An.
Chart of the Day: Industrial rents down 1% to $1.98psf in Q2
The Kallang, Geylang and Bendemeer cluster saw the largest rental decline to $3.10psf.
SPH REIT's NPI up 14.2% to $46.32m
The income boost came from its Rail Mall and Figtree Grove Shopping Centre properties.
Keppel Land buys three Vietnam land parcels for $76m
It will develop around 2,400 premium apartments with local developer Phu Long Real Estate Corporation.
Mapletree Industrial Trust's DPU could get 2.5% leg up from Kolam Ayer 2 Cluster redevelopment
It will add a 211,000 sqft build-to-suit facility for a global medical device firm.
Ascendas India Trust to construct Indian warehouse for $42.1m
The warehouse will be leased to logistics firm Arshiya.
Billion-dollar office deals buoy property investments in Q2
The biggest deal was AEW’s $1b purchase of Chevron House.
Pinterest opens Singapore office
This is its second office in the region after launching in Tokyo in 2013.
Mapletree Industrial Trust to undertake largest redevelopment project for $263m
It will add a build-to-suit facility to its Kolam Ayer 2 Cluster for a global medical device firm.
CapitaLand secures $300m sustainability-linked loans
It will be used for green projects and general corporate purposes.
Frasers Hospitality Asset Management issues clarification on sale of Australian asset
It said that there is no certainty or assurance whatsoever that any transaction will arise from its discussions.
Daily Briefing: Temasek portfolio value hits all-time high at $313b; Mixed-development Hoa Nam Building put up for en bloc sale at $160m
And digital banking software provider Moneythor joins Mastercard’s Start Path programme.
100 Jalan Sultan site receives hotel use nod from URA
Differential premium estimated at $57.53m.
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