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  • Source Straits Times Created
    Tuesday, 30 June 2015

    URA launches for sale second commercial site at Woodlands Regional Centre

    SINGAPORE - The Urban Redevelopment Authority (URA) announced on Tuesday the release of a second commercial site at Woodlands Regional Centre, which is available for sale under the reserve list of the first-half 2015 Government Land Sales programme.

    The proposed development on the 99-year leasehold parcel must adhere to the vision of Woodlands Central as an office and retail hub.

    As such, at least 47,009 square metres, or about 60 per cent of the maximum gross floor area of 78,347sqm will be for office space. Up to 8,000sqm of GFA can be set aside for retail as well as food and beverage uses, and a minimum 1,000sqm for a childcare centre.

    Categories Latest | Commercial
  • Source Yahoo Singapore Created
    Wednesday, 24 June 2015

    Singapore projects recognised at CTBUH Awards 2015

    Property giant CapitaLand has achieved international recognition for two of its Singapore developments at the Council on Tall Buildings and Urban Habitat (CTBUH) Awards 2015.

    CTBUH is a Chicago-based association, widely recognised as the authority on tall buildings around the world.

    CapitaGreen, a new Grade A premium office building in the central business district was awarded the CTBUH 2015 Best Tall Building Award for Asia & Australasia Region. The 40-storey, 242-metre building was completed in December 2014.

    Categories Latest | Commercial
  • Source Straits Times Created
    Saturday, 20 June 2015

    Self-storage industry in Asia to rapidly expand; Tokyo, Hong Kong, Singapore to lead

    SINGAPORE - The self-storage industry is rapidly expanding in Asia, fulfilling market demand for more storage space, a new report by global real estate services firm CBRE said.

    "Consumer demand is strong, due to a range of drivers such as disruptive life events, urbanisation and changes in business activity, with cities such as Tokyo, Hong Kong and Singapore leading the trend," CBRE said in a release issued on Monday.

    Investors are becoming more interested in self-storage as an alternative asset class, as seen by the huge success of the recent Self-Storage Expo Asia, which drew in some 200 participants, CBRE noted.

    Categories Latest | Commercial | Industrial
  • Source Channel Newsasia Created
    Friday, 19 June 2015

    BlackRock may sell Asia Square Tower 1 for over S$4b: Bloomberg

    SINGAPORE: The owner of Asia Square Tower 1 may sell the building for more than S$4 billion after receiving expressions of interest from potential buyers. This is according to Bloomberg, which quoted BlackRock real estate managing director Greg Lapham in a report dated Jun 17.

    SINGAPORE: The owner of Asia Square Tower 1 may sell the building for more than S$4 billion after receiving expressions of interest from potential buyers. This is according to Bloomberg, which quoted BlackRock real estate managing director Greg Lapham in a report dated Jun 17.

    Categories Latest | Commercial
  • Source Channel Newsasia Created
    Thursday, 09 April 2015

    Singapore business parks see higher occupancy in Q1: CBRE

    SINGAPORE: Occupancy levels at Singapore business parks rose in the first quarter of 2015 as industries such as the infocommunications industry and the pharmaceutical industry took up more space, property services firm CBRE said on Thursday (Apr 9).

    SINGAPORE: Occupancy levels at Singapore business parks rose in the first quarter of 2015 as industries such as the infocommunications industry and the pharmaceutical industry took up more space, property services firm CBRE said on Thursday (Apr 9).

    Categories Latest | Commercial
  • Source Channel Newsasia Created
    Wednesday, 08 April 2015

    Singapore retail rents seen falling further after declining in Q1: Cushman

    SINGAPORE: Shopping mall rents in Singapore fell during the first quarter and will likely decline further over the next 12 months, hurt by falling visitor arrivals and weak retail sales, property services firm Cushman & Wakefield said on Wednesday (Apr 8).

    SINGAPORE: Shopping mall rents in Singapore fell during the first quarter and will likely decline further over the next 12 months, hurt by falling visitor arrivals and weak retail sales, property services firm Cushman & Wakefield said on Wednesday (Apr 8).

    Categories Latest | Commercial
  • Source Channel Newsasia Created
    Saturday, 04 April 2015

    Ulu Pandan bus depot to be completed by Q1 2018: LTA

    SINGAPORE: The Land Transport Authority (LTA) on Thursday (Apr 2) announced that the Ulu Pandan bus depot will be completed by the first quarter of 2018.

    SINGAPORE: The Land Transport Authority (LTA) on Thursday (Apr 2) announced that the Ulu Pandan bus depot will be completed by the first quarter of 2018.

    Categories Latest | Commercial
  • Source Channel Newsasia Created
    Thursday, 19 March 2015

    4 Boat Quay shophouses up for sale

    SINGAPORE: Four shophouses at Boat Quay - a single shophouse and a row of three shophouse units - have been put up for sale, according to sole marketing agent DTZ Debenham Tie Leung on Wednesday (Mar 18).

    SINGAPORE: Four shophouses at Boat Quay - a single shophouse and a row of three shophouse units - have been put up for sale, according to sole marketing agent DTZ Debenham Tie Leung on Wednesday (Mar 18).

    Categories Latest | Commercial
  • Created
    Saturday, 03 May 2014

    First-quarter retail rents for prime spots edge up 0.8%

    Knight Frank report sees such spaces commanding 3-5% rise by the year-end

    RETAIL rents of prime spaces islandwide inched up 0.8 per cent in the first quarter from the previous period, led mainly by higher rents for such spaces in Marina, City Hall and Bugis.

    While overall retail rents could see a gradual 3-5 per cent fall by the end of this year with new supply coming onstream, retail rents for prime spaces are likely to hold firm - and, in fact, grow by 3 to 5 per cent - by the end of this year, according to a Knight Frank report.

    Categories Latest | Commercial
  • Created
    Saturday, 03 May 2014

    Eye on Woodlands: Northern Growth Corridor

    A few weeks ago, a prime commercial site attracted strong interest from developers. A consortium of Far East Organization, Far East Orchard and Sekisui House put in the highest bid of nearly $634 million or $907 psf ppr for the first commercial site put up for public tender since the announcement of the regional centre as Singapore's Northern Gateway.

    Demand was strong with eight bids, which included some big name developers. The highest bid was also substantially higher than what the first development site at Jurong Regional Centre fetched in June 2010. The white site slated for commercial/residential/hotel use was contested by six parties then and the top bid was logged by Lend Lease at $749 million or $650 psf ppr.

    Categories Latest | Commercial | Land Sales
  • Created
    Thursday, 24 April 2014

    Office rents expected to increase up to 15% in 2014

    Office rents in Singapore are expected to increase by up to 15 percent this year on the back of a dearth of new developments and increased demand, according to CapitaCommercial Trust (CCT) Management Ltd's chief executive officer, Lynette Leong.

    Leong noted that the recovery is being driven by global companies such as Bordier & Cie, a Swiss private bank's local subsidiary, and Cargill Inc., which is the biggest agricultural firm in the US.

    Categories Latest | Commercial
  • Created
    Thursday, 17 April 2014

    New office building CapitaGreen secures three new tenants

    SINGAPORE - CapitaGreen, the newest 40-storey Grade A office building in Singapore's central business district (CBD), has secured its first three tenants.

    Commodities trading giant Cargill has signed on for 51,000 sq ft, and the Singapore unit of Swiss private bank Bordier & Cie is leasing more than 12,000 sq ft.

    Categories Latest | Commercial | Companies
  • Created
    Thursday, 17 April 2014

    'KOP in due diligence on Prudential Tower'

    A CONSORTIUM that includes private equity group KOP is believed to be doing exclusive due diligence on a potential purchase of Keppel Reit's majority stake in Prudential Tower.

    Sources say the pricing could be in the region of $2,340 per square foot (psf) of net lettable area (NLA). Based on the 221,241 sq ft net lettable area or 92.8 per cent share of the building that Keppel Reit owns, the deal size would work out to nearly $520 million.

    Categories Latest | Commercial

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