Daily Archives: August 8, 2022

Web home income for the same duration was up $45.9 million, up 72.9% y-o-y, driven by payments from newly-acquired risk in the Jem shopping mall along with much better operating numbers at 313@Somerset, its various other essential possession.

“The superb set of outcomes that we supplied is a testament of our commitment to produce worth for our unitholders. Not just did we prosper in producing sustainable worth for Unitholders, we additionally bigger our financial toughness and durability,” he includes.

For FY2022, the REIT managed to attain a portfolio tenancy of 99.8%, with a heavy typical lease expiration duration of 8.7 years by web leasable area and 5.5 years by gross rental earnings.
As at June 30, its profile is valued at $3.6 billion, up 2.5%.

The REIT supervisor notes that its lessee sales for 4QFY2022 has actually recovered to go beyond the pre-Covid duration. The REIT has handled to achieve …

Parc Riviera location

The EOI for the freehold, business building at 202 Serangoon Road closed on September 8, 2022.

Having garage within the structure is an included reward, observes Tan, particularly in a location like Little India Conservation Area where parking space is uncommon. Farrer Park MRT station as well as the City Square Mall is additionally within a five- to six-minute walk.

The property, five-storey commercial building at 202 Serangoon Road lies within a five-minute walk of the Farrer Park MRT terminal as well as the City Square Mall

The building comes with a restaurant/F & B licence. “The standalone building has a dual frontage along Serangoon Road and Hindoo Road,” he adds.

“There’s a lot of capitalist rate of interest– from both regional and also international entities– in industrial shophouses,” claims Tan. This is backed up by PropNex Research in its recent 2Q2022 report on the business shophouse …