Commercial Property
Rising rents: Industrial property rentals shoot up in Q3 2011
Rising rents: Industrial property rentals shoot up in Q3 2011
The average monthly gross rents of prime flatted factories and warehouses grew between 15-17% in the first three quarters of 2011.
Grade A office occupancy in its lowest level in six quarters
Average CBD occupancy slumped to 92.6% in Q3 2011 from 93.5% in the previous quarter.
Singapore is 7th most expensive office location worldwide
As Grade A office rents surged 18.4% to US$87 psf/year in the first half of 2011.
Keppel Land’s nine months profit drops to $191.8 mn
Yet the company’s fund management income grew 70% to contribute a profit of $39.7mn amidst reduced contribution from property trading.
Wearnes Development and Samsung China Investment forges alliance
Samsung to provide full range of electronic systems, products and after-sales service for Wearnes’ property development projects in China.
Singapore ranked 6th most expensive warehouse location globally
Rents of prime warehouse surged 18.2% to US$18.57 per sq ft per annum.
Singapore beats Hong Kong in warehouse rental growth
Hong Kong's 10.81% rental hike was surpassed by Singapore's 12.4%.
SGX queries Cambridge Industrial Trust on land allocation of two BTS facilities
CIT has been assigned the land at Tuas View Circuit to develop a Built-to-Suit facility for Peter’s Polyethylene Industries.
CapitaMall Trust’s revenue up 6% to S$159.2m in 3Q11
As it earned an additional S$4m from Illuma and S$7m from higher rentals.
Not interested: Commercial site gets solitary bid
While a similar plot nearby attracted 10 bids in April.
Ascendas REIT’s revenue rises 9.6% to S$121.7m in 2Q12
A-REIT continues to deliver despite the uncertain economic environment, with occupancy rates surging 96.4%.
URA launches tender for Gambas Avenue / Gambas Crescent site
The 21,426.8 sqm industrial site is for sale for at least $57m.
Keppel Land sells 87.5% interest in Ocean Properties
The developer believes the move will enhance its financial position to seize opportunities in a volatile market.
Forget Singapore, if you want growth go to Malaysia
Check out how CapitaMalls Malaysia was able to increase rental rates by 6.7% with a nearly-full occupancy rate of 98.7%.
Singapore operations threatened by floods ravaging Thailand
Reports are flooding in that Singapore companies are flooded out in Ayutthaya, Thailand.
China’s retail property market to be robust in 4Q11
Demand for retail space will be huge as 75m households will be joining the “middle class” by 2015, boosting consumer spending.
AsiaPac real estate investment volumes reach an amazing US$20b in 3Q11
Transaction volumes rose 8% from last quarter, according to Jones Lang LaSalle.
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