Commercial Property
Acrophyte Hospitality Trust unit sells Michigan property for $8.5m
Acrophyte Hospitality Trust unit sells Michigan property for $8.5m
The net divestment proceeds are estimated at approximately $7.9m (US$6.2m).
CapitaLand expands lodging fund with Tokyo mixed-use acquisition
This is the fund’s third acquisition and second in Japan.
Frasers Property launches Climate and Nature Transition Plan
The plan outlines its strategy to address pressing global challenges related to climate change and biodiversity loss.
IOI Properties acquires CDL’s stake in South Beach for $834.2m
The deal values the South Beach project at $2.75b.
Lakeside Drive site draws six bids despite market caution: analysts
This is the highest land rate for an Outside Central Region site since November 2023.
Strata industrial sales hit 5-year low in Q1
Sales volume dropped to 351 transactions in Q1, as businesses put expansion plans on hold.
Sasseur REIT taps Cheng Hsing Yuen as new COO
His appointment took effect on 3 June.
UOB Kay Hian maintains positive view on S-REITs amidst stability
With the 10-year Singapore government bond yield at 2.4% and the 3-month compounded SORA at 2.3%.
Relaxed height rules could spur property boom near Changi
Private apartments from the 1990s could end up being ripe for collective sale.
JTC awards Tukang Innovation Drive site in $81.9m tender
The tender, which was launched on 31 December 2024 and closed on 8 April 2025, attracted five bids in total.
CapitaLand Ascendas REIT raises $500m in private placement
It issued 202 million units at $2.47 each.
S-REITs shift to cash-backed yields, eye 5.5% in FY 2025
It aims to minimise dilution and align distributions with recurring cash earnings.
CapitaLand Ascendas REIT to acquire two properties for $700m
The deals boost CLAR’s Singapore portfolio by 6.6% to $11.7b.
PAG, Tencent to acquire Chinese mall chain operator Wanda
The deal is estimated to be at $8.88b.
Piccadilly Galleria relaunched for sale at $67.5m
The property was initially launched in October 2024.
MacPherson Industrial Complex sold for $103.9m
The tender for the site closed on 22 May.
Bukit Sembawang profit up 13% to $51.4m in H2
However, revenue for the period fell 24%.
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