CapitaComm Trust announces DPU of 5.19 cents, up 23% on year

CapitaComm Trust announces DPU of 5.19 cents, up 23% on year
 
SINGAPORE : 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 [...]

Robin Court, 1 Robin Drive relaunched for collective sale

Robin Court, 1 Robin Drive relaunched for collective sale
 
SINGAPORE : 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 [...]

Ascott Residence Trust to have emerging markets form 70% of its portfolio

Ascott Residence Trust to have emerging markets form 70% of its portfolio
 
SINGAPORE: 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. [...]

PropNex to fire non-performing agents this week

PropNex to fire non-performing agents this week
 
SINGAPORE : 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 [...]

S’pore June inflation rises 7.5% on higher food, housing costs

S’pore June inflation rises 7.5% on higher food, housing costs
 
SINGAPORE: Singapore’s consumer inflation stood at a 26-year high in June, rising 7.5 per cent compared with a year ago, according to latest figures from the Department of Statistics.
 
This was due mainly to higher costs of food, housing and transport and communication.
 
Last month’s rate [...]

CapitaCommercial Trust expects office rentals to stay stable until 2010

CapitaCommercial Trust expects office rentals to stay stable until 2010
by Irene Chan
 
CapitaCommercial Trust, or CCT, expects office rentals to remain stable over the next two years despite volatile financial markets and uncertain economic conditions.
 
CEO of CCT’s manager, Lynette Leong, said compared to the period before the 1997 Asian financial crisis, the current supply of [...]

Ascott Residence Trust achies uniholders distribution of $27.5mil

Ascott Residence Trust achies uniholders distribution of $27.5mil
 
Ascott Residence Trust, or ART, said it expects its operating performance to remain stable in the second half of the year despite a slowdown in Asia’s hospitality industry.
 
It said its extended stay business model and geographical diversity will continue to provide income stability to the portfolio.
 
ART achieved [...]

Singapore’s inflation in June remains at 26 year high

Singapore’s inflation in June remains at 26 year high
 
Singapore’s inflation held at a 26-year high in June as food and housing costs continued to soar.
 
The consumer price index unexpectedly stayed at 7.5 percent compared to the same period last year, the same level as that registered in April and May.
 
Economists polled had predicted that inflation [...]

High housing costs and office rents prompt highest levelof dissatisfaction since 2006

More pain ahead?
 
High housing costs and office rents prompt highest levelof dissatisfaction since 2006
 
INCREASINGLY frustrated by cost pressures and a shortage of places for their children at international schools, American companies foresee yet more pain ahead, including a recession back home. This, they say, will hurt their Asia operations.
 
The American Chamber of [...]

Positive signs for ION

Positive signs for ION
 
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 [...]