Property News 27 Feb 2020Brought to you by PropertyInvestSG CBRE appointed leasing agent for upcoming Nanjing data centre CBRE has been appointed as the sole leasing agent for an upcoming two-storey data centre in China. The facility is named NKG2, and is in the...
Hewlett Packard signs lease in strong industrial market Industrial property values have increased by 40 per cent reflecting the tightening of supply and rise in demand in key Sydney markets. Investment volumes are at about $2 billion, with prime yields averaging...
The following article is a guest post written by Data Science Investor. Date of Analysis: 17 January 2020 Period of data: Jan 2017 to Jan 2020 Number of transactions analyzed: 3951 (transaction data extracted...
Keppel REIT presented at the DBS Vickers Pulse of Asia conference on 8 Jan 2020. For those unfamiliar with the REIT, here are a few short primers. The REIT has approx S$8b of Grade A office assets in Singapore and Australia....
Great info on the sizes of the listed real estate and REIT markets in various countries around the world. China and Japan dominates across all countries at US$3.8 trillion and US$2.2 trillion respectively. Germany and UK are largest in Europe at...
Here's the Singapore government's revenue and expenses from 2014 to 2019. Figures are from the official Ministry of Finance's (MOF) budget website. An estimated S$117b of total receipts was collected in 2019. Singapore total receipts revenue ...
AREIT's proposed $1.66bn acquisition and fund raise AREIT has announced the acquisition of a portfolio of 28 business parks in the US and two BPs in Singapore from its sponsor CapLand, for a combined S$1.66bn (S$1.71m incl transaction cost).  The US portfolio makes up...
A property roadshow was done by an international investment bank recently and the following was feedback from the event. Recent property news also listed below. Singapore Property and REITs: Key marketing feedback included a reluctance to shift to developers from S-REITs...
Puma to lease $25m Melbourne warehouse from Frasers Frasers Property Australia has secured global sports brand Puma as a tenant in a new A$25m speculatively built warehouse in Melbourne's south-east, highlighting the strong demand for logistics space from retailers. “Our strategy to build several...
Shell Cove’s Waterfront Tavern site sold following tender Shell Cove’s Waterfront Tavern is a step closer to welcoming its first customers after exclusive agency HTL Property announced the sale of the site to the locally based Balmoral Hospitality Group. “On behalf of our clients Shellharbour City Council...
CapitaLand's Raffles City Chongqing draws over 900,000 visitors in weekend launch Tenants include Old Navy, GAP, Haidilao, CGV and Jiwu by Suning. CapitaLand’s Raffles City Chongqing in China drew over 900,000 visitors in its opening weekend. The 1.12 million sqm mall has achieved a 95% committed...
According to Morgan Stanley, Indonesia is only five years behind China in terms of e-commerce penetration. The bank estimates e-commerce sales will cross US$50b by 2023, implying a 32% CAGR. In a Jan 2019 report, Morgan Stanley, through their AlphaWise proprietary survey, reports that...
PropertyGuru eyeing $378m IPO in Australia: Sources PropertyGuru Group is targeting an Australian initial public offering, which could raise up to A$400m (S$378.4m) this year. This comes as four directors - including company co-founder Jani Rautiainen, who continues to be a shareholder - retire from the...
Could rooftop gardens save our cities from climate change? ABC News - Sep 6, 2019 Australian cities are heating up, with an alarming report this year finding temperature increases from climate change and urban growth will make Brisbane "a difficult place" to live by 2050....
The following are a selection of charts from UBS that show the state of the Singapore property market. Summary The housing market remains weak as cooling measures continue to bitePricing power of developers are gradually weakeningSales volume of new condominiums are...