CapitaRetail China Trust (CRCT) reported that its distribution per unit (DPU) in the second quarter rose 14.1 per cent to 1.94 cents. The DPU announced is higher than the 1.7 cents DPU reported over the same period last year. Distributable income for the three months to June was S$12 million, 14.2 per cent higher than last year's S$10.5 million. Higher earnings came about as net property income grew by...
General
The labour movement's recreational arm has scrapped plans for a S$45 million resort development in Sentosa. Palawan Resort was touted as a quality high-end resort for the working class. It was to have opened its doors by the end of last year. But the development faced several delays since it was announced in 2005 by former NTUC Secretary-General Lim Boon Heng. A 3-hectare disused carpark on the resort...
Cambridge Industrial Trust has announced a distribution of 1.345 cents per unit for the quarter April 1, 2009, to June 30, 2009 (2Q09). Total net distributable income for 2Q09 was $10.7 million with a DPU of 1.345 cents. This represents an annualised yield of 15.4% based on the closing price of 35 cents per unit as at June 30. The industrial trust says most of the properties are signed with long-term...
Mapletree Logistics Trust says it achieved a total amount distributable of $29 million for 2Q 2009, an improvement of 27% compared with 2Q 2008. On a half yearly basis, amount distributable in 1H 2009 was $57 million, an improvement of 31% over the corresponding period last year. As at 30 June 2009, the trust’s portfolio comprises 81 properties, with a book value of close to $3 billion. Of the 81...
Mainboard-listed Ascott Residence Trust announced on Thursday that its distribution per unit (DPU) for the second quarter stood at 1.79 cents. That is 18 per cent lower than the 2.19 cents reported over the same period last year. For the three months ended in June, the total amount distributable to unitholders was S$11 million, 17 per cent lower than last year's S$13.3 million. Revenue decreased by seven...
Healthcare real estate investment trust, First Reit, on Thursday reported a 0.5 per cent increase in its distribution per unit (DPU) for the second quarter. For the quarter ended in June, its DPU was 1.92 cents, higher than the 1.91 cents announced over the same period last year. Distributable income for the period rose 1.5 per cent to S$5.3 million. Going forward, First Reit said healthcare demand...
Complaints about property agents run the gamut from service quality to commission disputes. Each week, the Singapore Accredited Estate Agencies (SAEA) deals with 15 to 25 such enquires and feedback from the public, comparable to the 1,000 to 1,200 that reach the Consumer Association of Singapore every year. Based on the four most frequent complaints received, the SAEA offers tips on how you can deal with...
A residential site at Dakota Crescent will be placed for public tender in about two weeks, following commitment from a developer to bid at least S$130 million for the land parcel. According to the Urban Redevelopment Authority (URA), who made the announcement on Wednesday, the site has an area of about 1.7 hectares and will be able to generate a maximum permissible gross floor area of about 60,164 square...
Cove Developments, which owns the Grangeford condominium, said a good number of tenants has moved out. Cove had obtained a court order to recover 171 apartments last Friday. The firm would only say it is in the midst of ascertaining how many tenants are still staying behind before applying for the writ of possession to evict them. Channel NewsAsia understands this will take place before the end of the...
Office landlord CapitaCommercial Trust (CCT) announced Wednesday a distribution per unit (DPU) of 1.71 Singapore cents in the second quarter. That was a 32.6 per cent increase over the 1.29 cents of DPU announced over the same period last year, after adjusting for its recent rights issue. Without such adjustments, the second quarter DPU would have been lower than the DPU of 2.6 cents announced a year...