Commercial Property
Singapore offices most expensive to fit-out in SEA
Singapore offices most expensive to fit-out in SEA
Firms sink an average of $140 per square foot to fit-out their offices.
LHN net profit drops 14.6% in H124
Gross profit rose 36.0% to $34.6m.
Warehouse occupancy and rents to fall amid increased supply
In 1Q24, rents rose 2.0% QoQ, whilst occupancy fell to 91.1%.
GuocoLand unit sells stake in Eco World International for $61m
The subsidiary held a 27% stake in Eco World International.
Mapletree Logistics Trust divests Tuas property for $10.5m
It sold the 25-year-old property above valuation.
Frasers Property profits plunge 74.6% YoY in 1H24
The company attributed its lower profit to UK impairments.
Softer demand to slow rental and price growth for factories
In 1Q24, rental indices saw single-digit increases.
FLCT debt management, expansion to stay prudent in next 2 years: S&P
Credit rating upgrade unlikely in the next 12 to 24 months.
Strata office sales up 11% in Q1 as Singapore attracts wealthy
Higher interest rates kept prices in check.
Business park rents grow 2.1% in 1Q24
Rents, however, may soften amidst elevated vacancies.
Singapore office demand softens
Previously leading office expansions, tech firms and banks are now scaling back.
2-storey Bussorah Street shophouse for sale for $5.18m
The expression of interest is until 15 June.
Coliwoo and Macritchie JV acquires Wilmer Place for $26.5m
Savills executed the sale.
ARA H-Trust to divest two Hyatt hotels for $42m
The REIT will use net proceeds to repay debt or acquire new properties.
Far East Orchard sells Rendezvous Hotel Perth Central for $16.5m
The expected gain from the disposal is $5.4m.
Daiwa House Logistics Trust NPI up 4.6% YoY in 1Q24
Its gross rental income also rose 1.9%.
Far East Orchard posts 54.8% net profit surge in 1Q24
Company credits stable hospitality segment for performance boost.
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