Commercial Property
Mandarin Oriental sells HK office floors to Alibaba, Ant
Mandarin Oriental sells HK office floors to Alibaba, Ant
The two companies paid $1.1b (US$925m) for the 301,555-square-feet space.
UOL-led consortium wins bid for Dorset Road
The tender sale price amounts to $14,405.06 per square metres.
CapitaLand Investment commits $100m to ESA flagship in Singapore
The building will target Green Mark Super Low Energy certification and include ambient and wine storage options.
Singapore logistics market holds steady with 3PL-led demand
Year-to-date, net absorption reached 1.9 million square feet against 5.8 million square feet of completions
CBD leasing demand holds firm in Q3 with AI and fintech expansion
The vacancy rate held at 7.0%, whilst average gross effective rents stood at $11.83 per square foot per month.
S-REITs a good defensive play on renewed US-China tensions
They have stable cash flows and will benefit from upcoming rate cuts.
Centurion acquires London site for $75m
The firm plans to develop a 225-bed student accommodation.
Sunset Hospitality to debut METT Singapore
Opening rates will start at $625, inclusive of taxes and service charges.
NParks sets up revised tenancy agreement for landscape, orchid land plots
In the new 6+3 year model, renewal will occur only once at 7th year of tenancy.
GKE renews 20-year lease of Jurong logistics facility
The new term requires a S$1.65m investment and green compliance measures.
COTD: Prime retail rent grows 0.5% in Q3
It translated to a price increase of $28.40 per square foot.
SC Capital sells South Korea site for $48.9m
The six-storey property has a gross lettable area of approximately 4,189 square metres.
Lendlease Global Commercial REIT issues 29.7 million new units for fee payments
About 24.99 million units were issued as payment of 100% of the REIT management fees.
UOL-led consortium is top bidder for URA’s Dorset Road site
The top bid of over $524.3m translated to a land rate of $1,338 per square foot per plot ratio.
Climate costs mount for Singapore REITs despite stronger ESG adoption
About one-third of S-REITs have more than 80% of their portfolios green-certified.
JTC awards $95.19m Tukang Innovation Drive site to Fusion Land
The tender closed on 9 September, with three bids received.
Cautious sentiment and slower leasing to continue in office market
Capital values were stable in the third quarter.
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