commercial property

Its distributable income also increased by 4.9% to $101.52m for FY2021.

But improvements in operations were seen due to strong leasing momentum.

Submission of expression of interest closes on 16 March.

Revenue for the period also increased by 42% for the period, hitting a total of $452.7m.

JLL will serve as the exclusive marketing agent of the property.

This was according to a report published by UOBKayHian. 

It also reached the highest-ever property openings of 8,200 units. 

Savills Singapore will serve as the marketing agent for the sale. 

This is attributed to the lower rental reliefs to retail tenants at Festival Walk and higher average occupancy from IXINAL Monzen-nakacho Building.

Raffles City The Bund drew over 300,000 shoppers on opening day.

Knight Frank expects sales values for the full year to exceed the $1.46b high posted in 2018, with sales volumes to cross the 200 unit mark.

Residential and industrial transactions boosted investments in Q2. 

The SGX-listed real estate firm’s contracted pre-sales was at $5.97b.

There is no question that the wealth of the world continues to grow, even amidst the rise of unprecedented and unexpected events of the 2020s. In 2019, the number of billionaires rose by a whopping 38.9%, and with this rise in figures, Asia became one of the major magnets for wealth. A growth of almost 7.9% in the regional high-net-worth sector has resulted in a rise in the number of family offices in Singapore.

And Suntec REIT announces plan to buy London office for US$489m.

The real estate firm will invest $90.8m in a new logistics facility in Osaka, Japan.