Ascendas India Trust (a-iTrust) has announced a distribution per unit of 1.65 cents for its first quarter ended June. This represents an annualised yield of 8.3 per cent over a-iTrust's closing price on Tuesday. The trust said its distributable income for the quarter came to S$12.4 million, 12 per cent higher than the same period last year. a-iTrust said its better showing was supported by rental growth...
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Owners of Robin Court and No. 1 Robin Drive are putting their properties up for collective sale for a second time. But this time, their asking price is 40% below their initial expectations. The indicative price of the combined plots is now S$$58 million to S$60 million. No development charge is payable for redeveloping the site. The prime District 10 parcel at Robin Drive, off Bukit Timah Road, is a few...
Frasers Centrepoint Trust said its third quarter distributable income came to S$12.2 million, up 19% on year. Third quarter gross revenue grew 10% to S$20.8 million while net property income increased 12% to S$14.1 million. This was driven by strong rental renewals at its Causeway Point and Anchorpoint malls. Causeway Point renewed rentals at 17% above previous rates in the third quarter. Anchorpoint's...
CapitaCommercial Trust (CCT) will distribute 5.19 Singapore cents per unit for the first half of this year. This is about 23% higher than the same period last year. It also exceeds the trust manager's forecast by 4.2 per cent. The annualised distribution per unit (DPU) of 10.44 cents would provide a distribution yield of 5.5 per cent based on CCT's closing price on Tuesday. CCT, Singapore's largest...
Ascott Residence Trust is setting itself a mid-term target of having emerging markets form 70 per cent of its portfolio. The trust's current holdings of S$1.5 billion are split 50-50 between what it terms stable economies like Japan, and emerging ones like Vietnam. It made the comment when announcing its first half earnings on Wednesday. Emerging markets are proving to be a lucrative proposition for...
Some 1,200 home hunters thronged showflats at Park Central@AMK on the first day of its launch on Wednesday. Of these, 130 have already applied for the flats, which will be ready in 2011. The project is Singapore's third condominium-style public housing, and a queue to view the showflats started forming at 5am. All 578 units at Park Central@AMK come with fittings like built-in wardrobes, air-conditioners...
One of Singapore's biggest real estate agencies, PropNex Realty, is firing more than one-third of its agents. According to its CEO, the move is aimed at cleaning up the profession. PropNex is firing those who have been with them for over a year, but have yet to submit a single transaction. About 2,800 agents currently on its list will be affected. The agents were first given a choice to remain as...
With half its shopping space snapped up, it is on track to reach target for launch RETAILERS have already bagged 50 per cent of shopping space at ION Orchard, a highly-anticipated development slated to open beside Orchard MRT station next year. As for the remaining half of the 663,000 square foot of new retail space, landlord Orchard Turn Developments says it is “in negotiations”. Secured tenants...
AUSTRALIA has become one of the world’s most ardent adopters of green real estate practices, thanks to the demand of best building practices from staging the 2000 Sydney Olympics and job seekers demanding eco-friendly work environments. Here in Singapore, multinational corporations have been leading the eco-charge. To help pave the way, property consultants Colliers International has launched...
Just a stone’s throw away from the Botanic Gardens, these 2 Bungalows and Semi Detached homes are sited ideally in suburbia just outside town yet within walking distances to numerous amenities, prestigious schools and MRT station. Each of these homes are meticulously designed and comes with it own private lap pool and encapsulated in lush landscaped greenery. Come home to tranquil reflecting pools...