K-REIT Asia said its distribution per unit (DPU) rose 20.6 per cent on-year to 6.37 cents for its financial year ended December 2010. The commercial property investor said its distributable income for the year amounted to S$85.6 million, up 21.4 per cent from S$70.5 million one year ago. Net property income grew 37.7 per cent on-year to S$67.3 million. The trust said net property income expanded as a...
General
Mapletree Logistics Trust (MLT) has posted a distribution per unit (DPU) of 1.55 cents for the fourth quarter ended December 31 last year. This was 1 per cent lower than the 1.54 cents distributed in the same quarter a year ago. Distributable income grew 17 per cent for the fourth quarter of 2010 to S$36.8 million, while net property income increased 13 per cent to S$53.8 million. MLT attributed the...
CapitaLand's Australian subsidiary, Australand, said its industrial and residential properties in Queensland have been affected by the floods. CapitaLand announced in a filing with the Singapore Exchange that the situation for its Australian assets remains uncertain as the clean-up continues, and the full impact is yet to be determined. Australand's industrial assets at 44 Cambridge Street and 99...
CapitaMall Trust (CMT) said its fourth-quarter distribution per unit (DPU) fell 1.4 per cent on-year to 2.36 cents. This is compared with 2.40 cents a year earlier. CMT said distributable income in the fourth quarter also fell by 1.4 per cent on-year to S$75.4 million. Net property income for the three-month period increased 5.7 per cent on-year to S$101.4 million. Meanwhile, for the full year of 2010,...
The government will acquire close to 40 lots and more than 30 part lots of land to facilitate the construction of a stretch of the North South Expressway (NSE) between Admiralty Road West and Toa Payoh Rise. The Land Transport Authority (LTA) said this follows government approval for the alignment of that stretch of the new expressway. Planning, engineering and alignment studies for the southern segment...
Mainboard-listed Ascendas REIT's distribution per unit (DPU) for the third quarter grew 0.6 per cent. The trust said in a statement that unit holders will receive 3.29 Singapore cents per unit for the three months ended December, compared with 3.27 cents a year earlier. This came on the back of higher gross revenue, which rose 3.7 per cent to S$109 million in the quarter. Net property income for the...
The Urban Redevelopment Authority (URA) launched the tender for an industrial site at Kaki Bukit Road 4 on Wednesday. The land parcel was made available for sale through the Reserve List system in November last year. The tender was triggered after URA received an application from a developer for the site. URA said the developer has committed to bid at a price of not less than S$18 million for the land...
Camay Court, a freehold residential redevelopment site in District 15, has been put up for sale. It currently comprises 23 walk-up apartments, with unit sizes ranging from 114 square metres to 131 square metres. Marketing agent Knight Frank said the site, situated in a residential enclave along Lorong M Telok Kurau, has a land area of 2,966 square metres. The 2008 Master Plan has designated the site for...
CapitaCommercial Trust (CCT) on Wednesday said that its fourth-quarter distribution per unit (DPU) was 1.94 Singapore cents. CCT reported a DPU of 1.88 Singapore cents in the fourth quarter of 2009. Distributable income for the three-month period ended December 2010 rose 3.4 percent to S$54.7 million, up from the previous year's figure of nearly S$53 million. For the full year, its distributable income...
Two more residential sites are now available, potentially yielding about 1,260 units that will offer homebuyers with more housing choices. The Urban Redevelopment Authority (URA) yesterday put up for tender a land parcel at Bedok Reservoir Road, the first residential site to be sold through the Confirmed List under the Government Land Sales Programme for the first half of this year. At about 4.6...