Commercial Property
OUE Commercial REIT marks 10th year with new moniker
OUE Commercial REIT marks 10th year with new moniker
It will be known as OUE REIT beginning 29 January.
FCT to acquire an additional 24.5% stake in NEX for $523.1m
The acquisition will raise FCT’s effective interest in NEX to 50%.
Sabana Industrial REIT revenue hits record-high 17.9% increase in FY23
The company recorded a DPU of 2.76 cents in 2023.
Singapore's prime office rent rises for 11th consecutive quarter
The pace of growth grew slower in H2 2023
Prime retail rents to rise up to 4% in 2024: Knight Frank
Improving tourist arrivals and tight occupancy in prime locations will support the sector.
Brand new commercial building at Jalan Besar for sale
The expression of interest ends on 1 March at 3 pm.
Office rental rates rise 1.1% in 2023
The 2023 record is smaller than the 2022 growth of 2.2%.
IREIT Global’s portfolio valuation dips 2.6% HoH in 2H23
The REIT portfolio valuation as of 2H23 was $1.3b (€899.0m).
FCT’s retail portfolio occupancy reaches 99.9% in 1Q24
The latest figure is 1.5%-pt higher than the 1Q23 record.
Investment sales fall 26.8% YoY to $20.5b in 2023
The residential market accounted for 64.4% of total investment sales in 4Q23.
E-LOG’s redevelopment project for NTS Singapore attains TOP status
The property now comprises two interconnected high-specification manufacturing blocks.
Cromwell EREIT’s Nervesa21 achieves 70% occupancy
Universal Music Group is the anchor tenant of the office development in Milan.
JTC rejects sole bid for Gambas Way (Plot 3) site
The tender for the industrial site closed on 26 December.
Investment sales fall to $5.4b in Q4
The public sector accounted for 54.4% of the total sales in the quarter.
Marina Gardens Crescent site attracts one bid; Media Circle receives 3
A GuocoLand-led consortium was the sole bidder for Marina Gardens Crescent.
Real estate investment volume drops 30.6% YoY to $20.8b in 2023
Excluding GLS deals, residential, office, and industrial sectors supported investment volume.
Investment sales to grow 10% YoY in 2024
Sales will be driven by the Government Land Sales.
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