Economy, rent hikes boost CCT’s results

Economy, rent hikes boost CCT’s results
 
THE robust economy - and the rent increases it delivered - allowed CapitaCommercial Trust (CCT) to deliver a bumper result yesterday and bask in a rising share price.
Distributable income for the June quarter shot up 23.2 per cent from a year ago to $36.1 million. Investors will benefit from a [...]

Two Singapore office blocks sold for $40m

Two Singapore office blocks sold for $40m
 
Both buildings with 999-year leasehold transacted around $1,300 psf of NLA
 
(SINGAPORE) Amid the quiet investment sales market, two small office blocks have been sold - in High Street and Middle Road - for a total of about $40 million or $1,300-plus per sq ft of existing net [...]

CCT open to sale of Market Street Car Park

CCT open to sale of Market Street Car Park
 
Reit reports 23% rise in Q2 distributable income to $36m
 
By EMILYN YAP
 
CAPITACOMMERCIAL Trust (CCT) says it is ‘open to all options’ when it comes to plans for Market Street Car Park (MSCP), and these include selling the site.
 
The update was given at CCT’s results [...]

CCT achieves 22.7% H1 DPU growth

CCT achieves 22.7% H1 DPU growth
 
CapitaCommercial Trust Management Limited, the manager of CapitaCommercial Trust (CCT), on Wednesday reported that CCT has achieved a distributable income of S$71.9 million for the six months ended June 30, 2008.
 
This translates to a distribution per unit (DPU) of 5.19 cents, outperforming H1 2007 DPU of 4.23 cents by 22.7 [...]

CCT open to options on Market Street carpark

CCT open to options on Market Street carpark
 
 
 
CapitaCommercial Trust (CCT) has said that it is ‘open to all options’ when it comes to plans for Market Street Car Park (MSCP), and these include selling the site.
 
 
CCT had obtained outline planning permission from the Urban Redevelopment Authority to redevelop MSCP into an office tower for $1 [...]

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 [...]

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 [...]

Property rates here leave US execs grumpy

Property rates here leave US execs grumpy
New high of 74% unhappy with cost of housing and office leases: survey
 
AMERICAN executives’ grouses about the cost of housing and office leases here hit a new high this year, according to the latest Asean Business Outlook Survey by the American Chamber of Commerce (AmCham) in Singapore.
 
In its report, [...]

Tanglin Road site goes at 124% above guide rent

Tanglin Road site goes at 124% above guide rent
 
By ARTHUR SIM
 
THE former Ministry of Home Affairs complex at Phoenix Park, off Tanglin Road, has been awarded to LHN Group for $368,888 a month - a huge 124 per cent more than the guide rent of $165,000 a month.
 
The site, with a gross floor [...]

Office space slump? 2 state-owned sites pull in strong bids

Office space slump? 2 state-owned sites pull in strong bids
 
THE former Ministry of Home Affairs complex at Phoenix Park is set to be transformed into an ‘iconic integrated office complex’ with restaurants and other facilities.
 
The plans were unveiled by LHN Facilities Management, which was awarded the right to lease the Tanglin Road site by [...]