CDL Hospitality Trusts reported a 1.4 per cent on-year decline in income distributed per stapled security for the fourth quarter of 2012. CDL Hospitality Trusts, which is a stapled group comprising CDL Hospitality Real Estate Investment Trust and CDL Hospitality Business Trust, reported a fourth quarter distribution per unit of 2.9 cents. For the full financial year, income distributed per stapled...
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Starhill Global REIT on Tuesday reported distribution per unit rose 11.9 per cent in the fourth quarter from the previous corresponding period, as its performance was boosted following the completion of asset enhancement work in Wisma Atria on Orchard Road. Distribution per unit for the three months ended Dec 31 amounted to 1.13 cents as income available for distribution rose 12.1 per cent to S$24.9...
Ascendas Hospitality Trust on Monday reported distribution per unit (DPU) of 1.77 cents for its fiscal third quarter, topping its own forecast by 4.7 per cent, as cost-cutting measures more than offset the lower-than-expected revenue. The 1.77 cents DPU takes into account the waiver of the sponsor’s distribution. Not accounting for the waiver, the DPU would have been 1.55 cents, or 5.6 per cent above...
Prices of shop space rose 2.0 per cent in 2012, while rentals dropped marginally by 0.3 per cent according to the latest statistics from the Urban Redevelopment Authority (URA). Yields of retail units have dropped last year, but most market experts Channel NewsAsia spoke to are optimistic about the demand for retail space in Singapore from both investors and retailers. After just one week, some retail...
Frasers Hospitality, the serviced apartment arm of the Fraser and Neave group, wants to expand in Singapore but may be put off by high land prices and construction costs. Its Chief Executive, Mr Choe Peng Sum, said: “We think there is scope for at least another Frasers property here, but we are a bit concerned about the high building and land costs here. Just a couple of years ago, it used to S$700 per...
While the latest round of property market cooling measures is likely to hit housing demand significantly, developers are expected to bid actively for the sites on the Government Land Sales programme (GLS) for the first half of this year, as most are situated in good locations. Two days before the Jan 11 announcement of property curbs, the Urban Redevelopment Authority awarded the first GLS site for this...
Property group Keppel Land expects new home sales in Singapore to "come down quite a bit" this year, after new private home sales hit a record 22,000 units in 2012. The developer of Reflections at Keppel Bay is not going to rush into launching new projects in the coming months. Instead, Keppel Land is adopting a wait-and-see approach, before making its next move. This after the seventh round of property...
Ascott Residence Trust reports a nine per cent increase in distribution per unit (DPU) to two cents for Q4 2012, compared to the previous year. For the full year, DPU is 8.76 cents, representing a 6.4 per cent yield. Unit-holders distribution for the fourth quarter also increased 10 per cent to nearly S$23 million compared to a year ago. The REIT attributed better performance to contributions from...
Singapore's CapitaCommercial Trust reported a 6.8 per cent increase on-year in its distribution to unit-holders for Q4 2012. This was mainly due to higher income from some of its buildings, as well as contributions from a newly acquired asset, Twenty Anson. CCT, which includes buildings like Raffles City Tower, Capital Tower, Six Battery Road in its portfolio, reported a fourth quarter distribution per...
Suntec Real Estate Investment Trust (Suntec REIT) has reported a 6.2 per cent on-year decline in distribution per unit at 2.326 cents for the fourth quarter of 2012. In a statement, ARA Trust Management (Suntec) Limited, manager of Suntec REIT, said its income available for distribution fell 5.3 per cent on-year to S$52.39 million in the fourth quarter. It added that fourth-quarter gross revenue and net...