Commercial property

Wee Hur plants flag in international schools sector with Wycombe Abbey project in Hougang

Group kicks off new projects with international school JV, Hotel Miramar acquisition and Upper Thomson condo while doubling down on Australian PBSA assets

Current passing rents at MBFC Tower 3 are about 10% below the Marina Bay average, Keppel Reit's manager notes.

Keppel Reit wanted more of MBFC, but Hongkong Land’s 20-day deadline hobbled gearing fix

After the S$1.45 billion sale of its Tower 3 stake, Hongkong Land pumped its remaining MBFC interests into a new Singapore private real estate fund

Westfield Sydney, located in the central business district, houses approximately 270 local and international premium retail stores.

Australian retirement fund to buy A$864 million stake in Westfield Sydney mall

The sale price matches the property’s value in Scentre’s books

Grade A office rents in Singapore rose 2.1% on the year, supporting office S-Reits' stronger performance in Q3.
REIT WATCH

Positive momentum for office S-Reits as vacancy rates ease and rents climb

CICT, Suntec Reit and Keppel Reit among those that have benefited

SUSS facilities are now spread across multiple rented premises, including space from the Singapore Institute of Management campus in Clementi Road (above).

Arab Street car park site to make way for new SUSS and Islamic studies campuses

Analysts say the move will inject new life into the city centre through a more diverse use of land

The average price of retail space in the city plunged 41% as at August from a 2018 peak, according to Hong Kong government data.

Hong Kong property losses hit PE funds after US$17 billion rush

Offices, near their worst vacancy rates, tank 49% in value

PropNex said there were several notable shophouse deals that were not caveated in Q3, such as the S$21 million sale of 65 Club Street (in grey).

Shophouse sales rebound in Q3 as investor interest returns with lower financing costs

PropNex expects investment demand to remain resilient, supported by Singapore’s safe-haven appeal

Suntec City Mall's Q3 rental reversion stands at 8.6%, moderating from 21.6% in the preceding quarter.
REIT WATCH

Q3 reporting season kicks off with growth in S-Reits’ distributions

[SINGAPORE] The latest earnings season for Singapore-listed real estate investment trusts (S-Reits) has commenced, with seven trusts reporting their latest financial results or business updates over t...