OUE’s earnings nearly treble to S$88.7m in H1



PROPERTY developer OUE Limited posted earnings of S$88.7 million for the first half ended June, nearly trebling from earnings of S$30.1 million a year ago.



READ MORE


Farrer Road’s Sutton Place up for en bloc sale at S$285m



FREEHOLD Sutton Place at 24, 26 and 28 Farrer Road in prime District 10 has been put up for collective sale via public tender at an indicative price of S$285 million.



READ MORE


Golden Mile Complex obtains sale order from strata board; legal completion by November



MARKETING agent Edmund Tie announced on Wednesday (Aug 10) that the <a href="/real-estate/golden-mile-complex-sold-to-far-east-perennial-sino-land-for-s700m" target="_blank">collective sale of Golden Mile Complex</a> has obtained the sale order from the Strata Titles Boards on Aug 3.



READ MORE


Singapore a bright spot as APAC property deal activity slows in Q2: MSCI



REAL estate investment in the Asia-Pacific region fell 24 per cent on the year to US$45.1 billion in the second quarter, dragged by higher borrowing costs and economic headwinds.



READ MORE


Condo resale volumes fall for 3rd straight month in July; prices continue rise: SRX, 99.co



THE number of condominium resale transactions continued to fall for the third straight month in July 2022, although prices maintained their upward trend for the 24th month in a row.



READ MORE


Jalan Besar shophouses up for sale with S$17.5m guide price



A PAIR of commercial shophouses in Jalan Besar has been put up for sale via expression of interest with a guide price of S$17.5 million, marketing agent Huttons said on Wednesday (Aug 10).



READ MORE


PropNex Q2 profit falls 20.7% to S$13.1m



REAL estate agency PropNex on Wednesday (Aug 10) posted a 20.7 per cent drop in net profit for the second quarter, as revenue fell due to fewer marketing launches.



READ MORE


En bloc market picking up momentum, but developers seen remaining selective



The residential en bloc market has been gathering momentum in recent months as developers seek to replenish their land banks amid dwindling unsold inventory, a relative lack of supply under the Government Land Sales (GLS) programme and buoyant sales at new launches.



READ MORE


Property groups can champion sustainability, but may do little to build an inclusive society 



FOCUSING on sustainability issues is nothing new for property groups such as City Developments Limited (CDL). CDL is the first and only Singapore company to be included in the Global 100 Most Sustainable Corporations index in the world for 13 consecutive years.



READ MORE


Brokers’ take: Analysts lower targets for Manulife US Reit as occupancy rates disappoint



ANALYSTS from various brokerages were disappointed by Manulife US Reit’s H1 performance, which saw distribution per unit (DPU) slip due to <a href="/companies-markets/manulife-us-reit-manager-eyes-hotelisation-of-office-assets-amid-dour-outlook" target="_blank">lower occupancy</a> in its portfolio. This led to a cut in target prices across the board, though they remained largely bullish on the office Reit’s future performance.



READ MORE


Elite Commercial Reit H1 DPU down 2.7% to £0.0256 on larger unitholder base



ELITE Commercial Reit’s distribution per unit (DPU) fell by 2.7 per cent to £0.0256 for its first half ended Jun 30, from £0.0263 in the corresponding period a year ago.



READ MORE


FLCT sees over 173,000 sq m of leasing in Q3; expects operating conditions to improve



FRASERS Logistics &amp; Commercial Trust (FLCT) recorded 173,087 square metres (sq m) of leasing across its portfolio in Q3 ended June, the real estate investment trust’s (Reit) manager said in a Friday (Aug 5) business update.



READ MORE


Asia-Pacific property investment down 17% in H1 as tightening rate cycle, inflation hit deals



REAL estate investment in Asia-Pacific dropped 17 per cent on the year in the first half of 2022, as deal activity in several of the region’s major economies moderated from a high base in 2021.



READ MORE


Exit of major tenant to impact Prime US Reit in Q3 2022



A MAJOR tenant departure is expected to drag down the earnings of Prime US Real Estate Investment Trust (Reit) in the third quarter of the year.



READ MORE


HDB resale deals jump 10.5% in July; prices inch up as market moderates: SRX, 99.co



THE number of Housing and Development Board (HDB) flats resold rose in July, while resale prices grew at a slower pace, according to flash estimates from property portal SRX and 99.co released on Thursday (Aug 4).



READ MORE


Ascott acquires co-living asset in Tokyo via private equity fund



CAPITALAND Investment’s wholly-owned lodging business, The Ascott, will acquire a freehold asset in Tokyo, Japan through its private equity fund with the Qatar Investment Authority.



READ MORE


ARA H-Trust posts H1 DPS of US$0.01427; net property income up 131.2%



ARA US Hospitality Trust (ARA H-Trust) on Thursday (Aug 4) posted a distribution per stapled security (DPS) of US$0.01427 for the first half ended Jun 30, comprising capital distributions.



READ MORE


Yanlord unit receives URA’s nod to develop serviced apartments, offices, retail space in Anson Road



THE rejuvenation of the Anson Road locale in the central business district is set to receive a boost. UE Bizhub Tower, a 23-storey freehold office tower, could make way for a new project comprising serviced residences along with offices and a small amount of retail space.



READ MORE