Commercial Property

CapitaLand Ascott Trust profits up 12%; DPU is 2.55 cents

Higher room rates in key markets like Japan and US drove up RevPAU.

Singapore industrial rents down 0.7% QoQ in Q2

This marks the slowest quarterly growth since Q1 2022.

Retail property sector growth to be ‘measured and slow’ for the rest of the year

Rising rents and operating costs have deterred retailers from expanding.

First REIT’S DPU down 3.2% in H1 2024

The decrease was due to the weak yen and rupiah against the Singapore dollar.

OUE REIT’s NPI rises 1.6% in H1 2024

The increase was due to a stable commercial property market and higher revenue from the hospitality sector.

Singapore proposes interest coverage ratio of 1.5 to all REITs

Currently, the ICR of 2.5 times applies only to select REITs.

Roxy Square mall and hotel for sale at $1.25b

The site has 296 shops, 26 apartments and 576 hotel rooms.

Sabana Industrial REIT’s portfolio value hits $914.5m in 2024

The 151 Lorong Chuan property has the highest value of $362.7m.

SATS terminates lease on Jurong Innovation District site

It is in the process of evaluating sites to relocate the SATS Food Hub.

Sabana Industrial REIT NPI revenue and occupancy down in H1

Net property income (NPI) was $27.2m for the period.

SIDS fights misconceptions in interior design with accreditation, education

The organisation is setting up a digital platform to speed up accreditation from 6 to 2 months.

Singapore real estate investment sales up 52.6% in Q2

This growth was mainly due to higher revenue from GLS land sales.

OUE braces for H1 loss amidst China property market woes

It attributed its expected loss to partially owned investee company GPI.

CapitaLand India Trust invests $108.99m in new Mumbai office building

The property increased CLINT's total portfolio floor area by 4.0%