Cambridge Industrial Trust’s Q2 distributable income up 54.9%

Cambridge Industrial Trust’s Q2 distributable income up 54.9%
 
SINGAPORE: Cambridge Industrial Trust has reported a second quarter distributable income of S$12.4 million, up 54.9 per cent on-year.
 
That works out to a distribution of 1.56 cents a unit.
 
Strong demand for light industrial space has boosted growth for the Trust and kept its occupancy rate at [...]

IMF: No end in sight to US housing market crisis

IMF: No end in sight to US housing market crisis
The International Monetary Fund said that the credit crisis stemming from the US housing slump has triggered a “negative feedback loop” in the global economy.
 
This, it said, has posed risks for growth, with no end in sight as to when the crisis will end.
 
In an [...]

Lippo-Mapletree’s Q2 performance better than forecast

Lippo-Mapletree’s Q2 performance better than forecast
By Irene Chan
 
Singapore-listed Lippo-Mapletree Indonesia Retail Trust says the record high inflation in Indonesia is not having a great impact on its operations.
 
The trust today announced a distributable income of 15.9 million dollars for the second quarter.
 
This is 3 percent higher than the 15.4 million dollars forecast previously.
 
Lippo-Mappletree is [...]

JTC surplus reaches record but outlook weak

JTC surplus reaches record but outlook weak
 
By Yasmine Yahya
 
After turning in a record surplus in 2007, JTC says it’s unlikely that it will repeat that solid performance this year.
 
Singapore’s largest industrial property landlord said its total surplus grew 50 percent to 1.2 billion dollars in the last fiscal year.
 
But the weakness in the global [...]

JTC sees record take-up of its ready-built space in 2007

JTC sees record take-up of its ready-built space in 2007
 
SINGAPORE: JTC Corporation has reported a record take-up of some 246,300 square metres of its ready-built space last year, surpassing the previous record seen in 2005.
 
The bouyant industrial property market last year helped JTC to book a record surplus of S$1.183 billion – up 50 [...]

Lippo-Mapletree books better-than-expected first half earnings

Lippo-Mapletree books better-than-expected first half earnings
 
SINGAPORE: Lippo-Mapletree Indonesia Retail Trust (LMIR Trust) has posted first half earnings of S$39.3 million – 3 per cent higher than its own forecast. Revenue came in at S$53.8 million, which also exceeded projections.
 
Lippo-Mapletree said it is on track to pay out 5.84 cents per unit for the whole [...]

Park Central@AMK gets over 1,000 applications so far

Park Central@AMK gets over 1,000 applications so far
 
SINGAPORE: Some 20,000 people have visited the showflats at Park Central@AMK, Singapore’s third condominium-style public housing development.
 
The project, launched last week, has received over 1,000 applications so far, marginally lower than City View@Boon Keng, a similar development nearer the city that went on sale earlier this year. [...]