Latest news with #WismaAtria
Time Out
5 days ago
- Entertainment
- Time Out
Popular C-beauty brand Joocyee opens its first international boutique in Singapore
C-beauty is having its moment right now, and Joocyee is staying on top of the game ahead of other popular brands like Flower Knows, Perfect Diary, Florasis and the like. While they've all received rave reviews from beauty junkies, Joocyee is the only one that has opened its first physical boutique in Singapore – mere months after entering the Singapore market online and in Watsons drugstores. The pretty-in-pink store located at Orchard Road is also the beauty brand's very first international one outside of China, which makes walking into this makeup paradise feel extra special. As the sister brand to Judydoll, another well-loved Chinese cosmetic brand, Joocyee has all the on-trend products that you need for a flawless full face glow-up – from its best-selling Glazed Rouge balm gloss lippies for a dewy shine; to its Multi-Purpose Cream which can be used as blush, eyeshadow, or lip colour; and its handy Jelly Highlighter Stick for an elegant shimmer. Almost everything is affordably priced in the $20 range, though larger eyeshadow palettes can cost close to $50. Head down and test them all before you commit to a purchase – you'll never have to worry about shade matching again. TIME OUT TIP When coming from Orchard MRT station, walk along the left side heading into Wisma Atria when the path forks. You'll miss the store if you walk on the right. Conversely, walk along the right side if you're coming via the Takashimaya underpass. Singapore's Joocyee boutique is located at Wisma Atria (B1-64/64A) and is open daily from 10am to 10pm. Stay updated on the brand's latest launches via Instagram.
Business Times
29-07-2025
- Business
- Business Times
Starhill Global Reit H2 NPI flat at S$74.5 million
[SINGAPORE] The manager of (real estate investment trust) posted a net property income (NPI) of S$74.5 million for the second half ended Jun 30, 2025, flat compared to the year-ago period. The manager, in a bourse filing on Tuesday (Jul 29) attributed the lack of growth primarily to higher contributions from Singapore retail properties and net movement in foreign currencies, which were largely offset by loss of contribution from certain divested strata office lots in Wisma Atria and rental arrears provision for its China property. Starhill Global Reit's Singapore retail portfolio comprises interests in Wisma Atria and Ngee Ann City in Orchard Road. It also owns assets in Japan. Excluding the effects of divestment, its H2 FY24/25 NPI would have increased 0.6 per cent year on year. Its revenue inched up 0.7 per cent to S$95.8 million from S$95.2 million previously. Income available for distribution for H2 FY24/25 stood at S$44.5 million, an increase of 4 per cent from S$42.8 million in the year-ago period. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up The rise was mainly attributed to higher NPI, lower tax expenses and net finance costs, retention of part of the net divestment proceeds in the current period, as well as the one-off leasing commission in relation to its Toshin master lease renewal in the previous corresponding period. This was partially offset by higher legal and professional fees. The Reit's manager will retain about S$2 million of income available for distribution for H2 FY24/25 for working capital requirements. The Reit also posted a flat distribution per unit (DPU) of S$0.0185 in the second half ended Jun 30, 2025. For the full year, DPU was 0.6 per cent higher at S$0.0365. This represented an annual yield of 7.2 per cent, based on the closing unit price of S$0.51 as at Jun 30, 2025. The distribution reinvestment plan will apply for the H2 FY24/25 distribution, with the issue price of new units announced on or around Aug 6. Unitholders can expect to receive their H2 FY24/25 DPU on Sep 24. Improved operational performance The Reit's full-year NPI rose 0.8 per cent to S$150.2 million, mainly due to higher contributions from Singapore retail properties and Perth properties, as well as the appreciation of the Malaysian ringgit against the Singapore dollar. This was partially offset by loss of contribution from the divestment of the Wisma Atria office strata units, rental arrears provision for China Property, higher operating expenses and the depreciation of Australian dollar against the Singapore dollar. Revenue for the full year was up 1.2 per cent on year to S$192.1 million for FY2024/25, and income available for distribution for the period grew by 3.7 per cent to S$87.8 million. The group's portfolio valuation remained stable at about S$2.8 billion. The figure would have reflected a 0.9 per cent year-on-year increase if not for the divested strata office lots in Wisma Atria in FY24/25. The gains were mainly due to the upward revaluation of its Ngee Ann City property, The Starhill, and Australian properties in June 2025, partially offset by net foreign currency movements. Ho Sing, chief executive officer of Starhill Global Reit's manager, said the partial divestment of its office portfolio enabled the Reit manager to demonstrate the asset's value, strengthen financials and further improve liquidity amid ongoing market uncertainty. 'The improved operational performance for the year was mainly driven by our Singapore portfolio, which achieved full committed occupancy and delivered positive rental reversions,' he added. Notably, at Wisma Atria, shopper traffic climbed 5 per cent year on year, although tenant sales declined 5.2 per cent. Starhill Global Reit owns the majority of units at the mall. The Reit also renewed its current master lease at Ngee Ann City Property with Toshin ahead of expiry. Gearing remained stable at 36 per cent, with a weighted average debt maturity of 3.1 years. Units of Starhill Global Reit closed flat at S$0.55 on Tuesday.
Business Times
29-04-2025
- Business
- Business Times
Starhill Global Reit Q3 NPI inches up 0.5% to S$37.9 million
THE manager of Starhill Global real estate investment trust (Reit) posted a net property income (NPI) of S$37.9 million for Q3 FY2025 ended Mar 31, up 0.5 per cent from S$37.7 million in the previous corresponding period. The slight increase in NPI was mainly driven by appreciation of the Malaysian ringgit against the Singapore dollar and lower operating expenses, said the manager in a bourse filing on Tuesday (Apr 29). This was largely offset by the higher rental provision for China property, loss of contribution from divestment of some Wisma Atria office units and depreciation of the Australian dollar against the Singapore dollar. Revenue for Q3 FY2025 remained flat at S$47.6 million. Gearing at the end of Mar 31 stood at 36.6 per cent. Occupancy across Starhill Global's portfolio for the quarter dipped slightly to 97.4 per cent as at Mar 31, from 97.7 per cent as at Jun 30, 2024. The weighted average lease expiry stood at 7.2 years. Technicolor Creative Studios Australia, a tenant at Myer Centre Adelaide, Australia, entered liquidation in April, with the liquidators effectively terminating the leases on Apr 24. The outstanding arrears of S$900,000 as at Mar 31 were fully covered by bank guarantees of S$1.4 million. Technicolor contributed about 0.8 and 1 per cent of FY2024 revenue and NPI, respectively. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Leasing agents have been engaged to market the premises and preliminary discussions have commenced for part of the space. The manager plans to subdivide the space to mitigate concentration risk with a single tenancy. Markor International Home Furnishings, the tenant at the China property, has been in arrears and unable to fulfil its obligations. As at Mar 31, it has racked up arrears of about S$1.1 million, which was partially covered by security deposits of S$400,000 and rental provision. Letters of demand have been served on the tenant and the manager is taking steps to recover the arrears. Leasing agents are marketing the space. Markor contributed about 0.8 and 1 per cent of FY2024 revenue and NPI, respectively. Geopolitical tensions and trade uncertainty are expected to weigh on economic activity, with spillover effects on retail sales and other sectors. The manager said that it will continue to maintain a prudent capital management strategy backed by the resilient master leasers for the Singapore and Malaysia assets. New asset enhancement initiatives will be rolled out to future proof the Reit's malls. Units of Starhill Global closed flat at S$0.495 on Tuesday.
Business Times
29-04-2025
- Business
- Business Times
Starhill Global Reit Q3 NPI inches up 0.5% to S$37.7 million
[Singapore] The manager of Starhill Global real estate investment trust (Reit) posted a net property income (NPI) of S$37.9 million for Q3 FY2025 ended Mar 31, up 0.5 per cent from S$37.7 million in the previous corresponding period. The slight increase in NPI was mainly driven by appreciation of the Malaysian ringgit against the Singapore dollar and lower operating expenses, said the manager in a bourse filing on Tuesday (Apr 29). This was largely offset by the higher rental provision for China property, loss of contribution from divestment of some Wisma Atria office units and depreciation of the Australian dollar against the Singapore dollar. Revenue for Q3 FY2025 remained flat at S$47.6 million. Gearing at the end of Mar 31 stood at 36.6 per cent. Occupancy across Starhill Global's portfolio for the quarter dipped slightly to 97.4 per cent as at Mar 31, from 97.7 per cent as at Jun 30, 2024. The weighted average lease expiry stood at 7.2 years. Technicolor Creative Studios Australia, a tenant at Myer Centre Adelaide, Australia, entered liquidation in April, with the liquidators effectively terminating the leases on Apr 24. The outstanding arrears of S$900,000 as at Mar 31 were fully covered by bank guarantees of S$1.4 million. Technicolor contributed about 0.8 and 1 per cent of FY2024 revenue and NPI, respectively. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Leasing agents have been engaged to market the premises and preliminary discussions have commenced for part of the space. The manager plans to subdivide the space to mitigate concentration risk with a single tenancy. Markor International Home Furnishings, the tenant at the China property, has been in arrears and unable to fulfil its obligations. As at Mar 31, it has racked up arrears of about S$1.1 million, which was partially covered by security deposits of S$400,000 and rental provision. Letters of demand have been served on the tenant and the manager is taking steps to recover the arrears. Leasing agents are marketing the space. Markor contributed about 0.8 and 1 per cent of FY2024 revenue and NPI, respectively. Geopolitical tensions and trade uncertainty are expected to weigh on economic activity, with spillover effects on retail sales and other sectors. The manager said that it will continue to maintain a prudent capital management strategy backed by the resilient master leasers for the Singapore and Malaysia assets. New asset enhancement initiatives will be rolled out to future proof the Reit's malls. Units of Starhill Global closed flat at S$0.495 on Tuesday.
