Frasers Centrepoint Trust (FCT) has posted a 33.3 per cent on-year increase in its third quarter distribution per unit (DPU). The DPU of 2.60 Singapore cents for the April to June period is the highest the trust has ever paid out, up from 1.95 cents distributed in the same period a year ago. Net property income in the period grew 32.1 per cent on-year to S$24.6 million, up from S$18.7...
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Suntec Real Estate Investment Trust has announced that its second quarter distribution per unit (DPU) fell 6.8 per cent year-on-year. The Reit's DPU slipped to 2.361 Singapore cents per unit for the April-June period from 2.532 cents in the same period last year. Suntec said the decline is due mainly to the lower retail revenue from Suntec City Mall and the loss in revenue because of the trust's...
Mapletree Logistics Trust (MLT) has reported a 6.3 per cent on-year rise in its distribution per unit (DPU) for its fiscal first quarter, with its financial performance boosted by contributions from newly acquired assets in Japan, South Korea and Malaysia. Its DPU climbed to 1.70 cents per unit from April to June, up from 1.60 cents in the same period last year. Revenue rose higher to S$77.1 million, up...
The owners of 8 and 10 Chang Charn Road have put the properties up for sale. This offering represents a rare opportunity to acquire a quality 6 storey building with adjoining site with redevelopment potential (subject to local authority approval) which is zoned Business 1 and located in a Central Location. The property at 8 Chang Charn Road has showroom, warehouse and conference room on the 1st storey...
CapitaMall Trust Management Limited, the manager of CapitaMall Trust announced on Wednesday that it had achieved distributable income of S$79.6 million for the period 1 April to 30 June 2012 (2Q 2012), up 5.5% compared to S$75.5 million for the same period in 2011. Distribution per unit (DPU) for the second quarter was 2.38 cents, up 0.8 per cent from a year ago on the back of higher rents. Gross revenue...
Keppel Land almost doubled its net profit in the second quarter at S$94.7 million. That is 87.5 per cent higher for the three months ended June 30 compared to the previous year. More property sales also lifted its net profit in the first half of this year, up 76.8 per cent to S$236.6 million. Sales of homes in China doubled in the second quarter this year to 490 units. In the first half of this year,...
More homebuyers are returning to the private residential resale market as it is seen to offer better value compared to new projects launched by developers. In fact, the gap in median prices of new and resale transactions has also narrowed. That's according to real estate agency Dennis Wee Group (DWG). In a report, DWG said the caveats lodged in the secondary market climbed about 33 per cent in the...
Sophia Mansions, a 19-unit development located at Mount Sophia, has been sold for S$43.3 million. Its marketing agent Credo Real Estate said the property was acquired in a collective sale deal by RP Assets Pte Ltd, a subsidiary of Roxy-Pacific Holdings. Under the 2008 Master Plan, the freehold site is zoned for residential use and Credo said it could be developed into a boutique development of up to six...
Ascendas Real Estate Investment Trust (A-REIT) has reported a 10.3 per cent on-year increase in Distribution per Unit (DPU) to 3.53 cents for its first quarter ended 30 June 2012. In a filing on the Singapore Exchange, A-REIT said its DPU grew despite a 7.5 per cent increase in units outstanding. The amount available for distribution increased 16.1 per cent to S$76.5 million in Q1. For the first...
The bar for landed living has been set a notch higher as City Developments Limited (CDL) and joint venture partner Hong Realty (Private) Limited unveiled its latest development, Haus@Serangoon Garden during the weekend. The well-loved Serangoon Gardens residential enclave, long known for its quaint and tranquil surroundings, will house 97 terraces which offer homeowners the things that matter most –...