Commercial Property
Office space prices rise 3.1% in Q2
In Q2, occupancy decreased by 20,000 sq m.
Suntec REIT’s H1 distributable income is $88.7m; DPU is 3.042 cents
Higher costs and vacancies in its Australia and UK properties weighed on income.
SGX-listed Elite UK REIT’s portfolio valued at $716.6m in H1
This is a 0.6% rise from its property valuation in end-2023.
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.
CapitaLand Ascott Trust acquires 10% stake in Columbia Student Venture
The acquisition was valued at $6.4 m.
First REIT’S DPU down 3.2% in H1 2024
The decrease was due to the weak yen and rupiah against the Singapore dollar.
Frasers Centrepoint Trust achieves 99.7% portfolio occupancy in Q3
All of FCT’s malls each achieved over 99% occupancy.
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.
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