Singapore properties boost OUE Commercial REIT’s NPI by 6.9% YoY

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pstrongThese properties include Hilton Singapore Orchard./strong/p pThe net property income of OUE Commercial REIT rose 6.9% YoY to $60.5m in 1Q24, driven by enhanced contributions from Hilton Singapore Orchard and the robust performance of Singapore's commercial properties.

The net property income of OUE Commercial REIT rose 6.9% YoY to $60.5m in 1Q24, driven by enhanced contributions from Hilton Singapore Orchard and the robust performance of Singapore's commercial properties.

The REIT’s Singapore office properties reported a committed occupancy of 95.1% and secured a positive rental version of 12.6% in 1Q24. Hilton Singapore Orchard led the REIT’s hospitality segment, posting a 32.2% YoY surge in its revenue per available room to $308 on the back of higher occupancy....there are many ways you can work with us to advertise your company and connect to your customers.

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Singapore, APAC commercial real estate investments up in Q1pemSingapore property investments hit US$2.2b last quarter./em/p pCommercial real estate transactions in Asia Pacific rose 13% YoY to US$30.5b in the first quarter, snapping seven straight quarters of decline as investments in key markets like Singapore picked up, according to JLL. /p pNearly half of the total or US$11.
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