The Woodleigh Residences lowers launch price to $1,733 psf
https://www.edgeprop.sg/property-news/w ... e-1733-psf
Property growing in significance. Property revenue increased to S$80.8m in 1QFY20, up
18.9% yoy, as its purpose-built student accommodation (PBSA) portfolio from Sheffield,
Southampton and Leeds contributed in the quarter.
As for SPH REIT assets, Paragon, The Clementi Mall and The Rail Mall recorded positive rental reversions, with NPI registering a S$5.1m increase yoy.
We expect the Student Castle portfolio of PBSA (acquired in Dec 19) and newly acquired REIT property Westfield Maron (Australian mall acquired in Dec 19) to continue to grow the property segment in the near term.
Users browsing this forum: No registered users and 3 guests