Commercial Property
Industrial property sales skyrocketed 295.1% to $794.4m in Q2
Industrial property sales skyrocketed 295.1% to $794.4m in Q2
There was a rising institutional interest for data centres and hi-spec facilities amidst stabilising rents and prices.
Prime office tenants flee new buildings as landlords hold onto rising renewal rates
This bolstered net office take-up to 879,000 sqft, the highest since 2011.
CityDev's massive unsold landbank is key target for cooling measures
It faces heightened difficulty to sell its unsold stock.
CapitaLand to step up asset sales despite $3.1b in divestments in H1
The move is expected to boost ROE.
Supply crunch to boost Grade A office rents by 10% in 2018
Around 800,00 sqft of Grade A office space is expected to be completed by 2018 from 2.25m sq ft last year.
Half year net office take-up hits seven year high at 879,000 sq ft
This is about 75% higher than the five-year average (2013-2017).
Frasers Property Q3 profits down 8.6% to $182.41m
It blamed the timing of the sales and settlements in four of its major markets.
CapitaLand Q2 profits up 4.4% to $605.52m
Higher handover of units in China and new properties boosted revenue.
JTC tenders Corporation Drive industrial site
An applicant committed a bid price of $20.7m.
Three shophouse plots in Little India and Prime Chinatown launched for sale
Guide prices range from $6m to $18m.
OUE H1 profits plummeted 64.9% to $6.35m
It missed contributions from its development property division.
Climbing office rents could turn off tenants: CBRE
Singapore had the fourth strongest premier rental growth across Asia at over 4.1%.
Healthy demand in Australia bodes well for Frasers Logistics and Industrial Trust
The additional industrial supply did not hinder demand from flourishing in Sydney.
Ascendas REIT to buy Australia business park for $33.9m
It has a gross lettable area of 8,216 sq m.
Perennial Real Estate H1 profits crashed 75.3% to $13.79m
It lost revenue after the sale of its stake in TripleOne Somerset.
Keppel acquires 50% stake in US elderly housing operator Watermark for US$77.3m
Watermark manages 52 senior housing committee in 21 US states.
Robinson 77 up for sale at $725m
Another 74.5 years are left on the lease with the building 91% occupied.
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