Commercial Property
CapitaLand Mall Trust to buy remaining 70% stake in Westgate for $789.6m
CapitaLand Mall Trust to buy remaining 70% stake in Westgate for $789.6m
The transaction is targeted for completion by Q4 2018, depending on unitholders' approval.
Oxley Holdings full-year profits jumped 31% to $285.03m
Gains from its purchase of Chevron House boosted profits.
S-REITs fared well in July over increased attention from funds
The office sector could lead gains in S-REITS amidst its sustained rental improvements.
Ho Bee Land secures Singapore's first green loan
The $352.9m will be utilised to acquire a 21-storey commercial property in London.
Chart of the Day: New supply of industrial space hit 3.24 million sq ft in H1
Lagging demand brought occupancy rate 0.2 ppt down to 89.7%.
Daily Briefing: 8 in 10 e-commerce scams happened on Carousell platform; Manufacturing growth could slow down in industrial property sector by H2
And hybrid startup Spiking raises $1.2m.
Rents for high-specification industrial spaces grew 2.1% to $2.9 psf in H1
Rents in these properties led to the sector's recovery.
Income-producing property sales in Singapore fell 12% $10.2b in Q2
En-bloc deals hit $13.8b which is 58% of all land sold in H1 2018.
Singapore's retail scene welcomed back activity-based tenants in H1
They prefer the Orchard Road shopping belt and suburban districts.
Rising tourist arrivals boosted Orchard Road rents in H1
Its ground-floor rents could lead the gradual rental recovery from 2018 to 2022.
Chart of the Day: Retail vacancy dipped 7.3% in Q2
Landlords are urged to be flexible in setting rents to support occupancy rate in the coming quarters.
Retail property sales hit $695m in H1 2018
The highest transaction was for the 50% stake in Capitol Piazza and Capitol Theatre for $349m.
Retail vacancy could rise amidst supply influx
Ground floor rents in key areas could lead the gradual recovery amidst sustained flattening out of rents.
$778m Sengkang Central site could lure first-time homebuyers and upgraders
It has a potential to launch at $1,650 to $1,700 psf with a 10% margin.
CapitaLand and CDL JV wins bid for Sengkang Central site for $777.78m
The 3.7 ha site will be developed into an integrated community hub with 700 apartments.
CBD Premium and Grade A office rents inched up 2.6% in Q2
CBD rents could further spike to around 10% to 12% in 2018.
Mixed use property sales jumped 30.2% to $1.5b in Q2
It was mainly backed by the public land sale of the $1.2b Holland Road property.
Read Here
Advertise
Sign Up
Commentary
What matters for Singapore’s AI future is consistency, not brilliance
The AI pilot worked. Now comes the real test
Are Singapore startups’ employee incentive plans still competitive?
Singapore’s small exporters need credit that matches their payment cycle
The hidden realities of succession for next-gen heirs
In Asia, fintech leaders must compete on credibility
F1 on a gravel road: Why AI is still stuck in first gear
Why AI blocklists give Singapore firms a false sense of security
When scale arrives before proof: Singapore’s capital allocation question in Southeast Asia