Commercial Property
Paragon REIT divests The Rail Mall for $78.5m
Paragon REIT divests The Rail Mall for $78.5m
Proceeds will be used to reduce the property's outstanding debts.
JTC rejects Penjuru Road site bids
The site received four bids.
Far East Orchard’s H1 profit jumps 259.2% on strong PBSA segment earnings
The PBSA segment reported a 22.8% YoY revenue increase.
Yanlord Land Group turns to loss in H1 2024
EPS stood at $0.046.
United Hampshire US REIT’s NPI slips 1.7% YoY to US$25.4m in H1
The REIT cited the divested Big Pine Center for the decline.
Prime US REIT’s distributable income drops 14.0% YoY to US$23.3m
The REIT credited the drop to higher finance costs and lower occupancy.
CDL profit up 32% YoY to $87.8 m in H1 2024
It was driven by divestment gains as part of the group’s ongoing capital recycling strategy.
Singapore ranks 7th most expensive place for prime offices in APAC
Prime office rents stood at 33.7% in APAC.
Leasehold strata retail lead H1 deals despite transaction decline
In H1, leasehold sales fell 7.9% HoH to 105 deals.
CBRE offers Grade A Strata office units at Suntec City for sale
This will be via expression of interest.
Strata office sales fall 15.6% HoH to $437.3m in H1
The average unit price for strata office properties also fell, dropping 20.1%
Daiwa House Logistics Trust NPI down 8% YoY in H1 2024
Gross rental income also decreased by 9.3%.
Daiwa House Logistics Trust (DHLT) registered a net property income (NPI) of $21.2m in the first half of...
Investment properties boost Centurion’s net profit by 209% YoY
Net fair value gains from the investment properties totalled $61.6m.
Sovereign Wealth Fund acquires 49% stake in Ho Bee Land's SPV for $555m
The SPV holds the biomedical life-science development, Elementum.
Ho Bee Land posts $9.5m net profit, reversing last year's loss
The company credited its return to profitability to a revenue increase.
Strata retail sales rise in Q2 but fail to lift H1
In H1, trasncations fell 10.9% HoH.
Lower costs boost CICT's NPI by 5.4% YoY to $582.4m in H1
Higher NPI boosted the trust's distributable income by 3.7% YoY.
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