Serious Economy booming lah! CapitaLand increases rent at IMM, Tampines Mall, Bt Panj

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Serious Economy booming lah! CapitaLand increases rent at IMM, Tampines Mall, Bt Panj

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22-10-2016, 02:01 AM

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Serious Economy booming lah! CapitaLand increases rent at IMM, Tampines Mall, Bt Panj

An honorable member of the Coffee Shop Has Just Posted the Following:

SINGAPORE — CapitaLand Mall Trust (CMT) on Friday (Oct 21) reported a 5.5 per cent increase in net property income in the third quarter, as revenue was boosted by contributions from Bedok Mall and higher rental takings at IMM Building in Jurong, Tampines Mall and Bukit Panjang Plaza after asset enhancement initiatives, as well as higher occupancy at Clarke Quay.

For the three months ended Sept 30, CMT achieved net property income of S$119.5 million, up from S$113.3 million in the year-ago period. Gross revenue rose 4.9 per cent to S$169.7 million during the quarter, the trust manager said.

http://www.todayonline.com/business/...me-rises-55-q3

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