Commercial Property
Office market sees net absorption of 417,000 sq ft in Q3
Office market sees net absorption of 417,000 sq ft in Q3
The CBD and non-CBD areas contributed 20,000 sq ft and 17,000 sq ft, respectively.
Government land sales market activity to remain steady in 2024 amidst strong developer interest
Total investment increased 30.2% to $8.2b.
BBC Studios is Keppel REIT's newest tenant in North Sydney asset
It will relocate to a boutique office development, 2 Blue Street (formerly known as Blue & William), in North Sydney.
PropNex Limited's H1 2024 profit declines to $19.45m
Interim dividend stood at 2.25 cents per share.
ESR-LOGOS REIT acquires ESR Yatomi Kisosaki Distribution Centre
The acquisition fee amounted to $3.3m.
Mandarin Oriental posts lower Q3 2024 profits due to lower branding fees
The group reported higher Revenue per Available Room year-on-year.
Tuan Sing Holdings subsidiary to apply for mixed-use redevelopment in Melbourne
The project plans to transform part of the property for high-end retail and F&B.
Hongkong Land’s Q3 profit rises on China build-to-sell completions
However, the company will no longer pursue new standalone build-to-sell projects.
Prime US REIT’s leasing volume doubles to 209,800 sq ft in Q3
In Q2, it recorded a leasing volume of 97,300 sq ft.
Centurion’s revenue rises to $62.1m in Q3 on high rental income and occupancy
Across markets, Singapore reported the highest revenue uptick of 26% YoY.
Metro Holdings’ H1 FY25 profit down 59.6% YoY amidst China property slump
It reported fair value losses net of tax of $11.1m from its China investments.
Bukit Sembawang's net profit soars 149% in H1
Earnings per share stood at $0.24.
BHG Retail records 96.6% occupancy rate in Q3
NLA for all six properties amounted to 179,585 square meters.
IREIT Global’s Q3 occupancy dips to 89.6% amid Spanish portfolio impact
Its Spanish portfolio recorded an occupancy rate of 70.1%.
Boustead Singapore’s net profit rises 48% YoY in H1 despite lower revenue
Revenue fell 20% YoY.
Frasers Property's FY 2024 profit rises 19.2% to $206.3m on global gains
Its residential properties in China and Australia posted higher contributions.
Frasers Hospitality Trust's distributable income down 0.8% YoY despite higher NPI
NPI rose 5.5% YoY in H2 FY 2024.
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