Commercial Property
Paya Lebar Green to be the greenest building in Singapore
Paya Lebar Green to be the greenest building in Singapore
It has been awarded all five sustainability badges under the Green Mark 2021 scheme.
Office market to see slow rental growth for 2H23
In Q2, Grade A office rents only rose by 0.9%.
JV of CapitaLand, SingLand, and UOL bags tender for Tampines Avenue 11 for $1.2b
The JV will develop the GLS parcel into a mixed-use development.
Business park rents to be muted in 2H23: CBRE
In 2Q23, rents remained flat at $6.10 psf/mth for City Fringe and $3.70 psf/mth for the Rest of Island.
Retail market to see continued recovery in 2H23
Prime retail rents in the Islandwide market rose 3.2% YoY in 2Q23.
Prime logistics rents up 8.6% in H1 amidst weak manufacturing output
Leasing activity is also stable.
Mapletree Investments makes first foray in Kyushu logistics space
The logistics facility has a four-storey RCSS structure.
High Court arranges pre-trial conference on ESR Group court application
It begins 13 July 2023 for further directions on the final hearing.
Four adjoining new F&B, retail units for sale
The indicative price for Tedge Retail is $18m.
Katong Shopping Centre for sale for $638m
Submission of offers ends on 14 August at 3 pm.
Average private rentals for 3-bedroom down 3.2% MoM in May
But year-on-year, rents for this category grew 17.8%.
EC World REIT extends long stop date for divestment of 2 assets in China
As of date, only RMB333m out of RMB1.4b equity consideration has been prepaid to EC World REIT.
Grade A office building in Orchard Road for sale for $470m
Expression of interest submission for VisionCrest Commercial ends on 17 August at 3 pm.
Dasin Retail Trust’s net loss widens in FY22 to $221.5m
The net loss translates to a loss per unit of $0.2730.
ESR Group asks High Court to declare Quarz’s requisition invalid
An application was also filed to restrain an EGM with Quarz’s requisition.
Strata office transaction volumes up 6.3% YoY in H2
Average costs of strata offices generated CAGR of 2.7% between end 2017 - 2022.
Frasers Centrepoint Trust bags $419m green loan, carbon credits from OCBC
The loan will be used to accelerate Tampines 1’s journey to carbon neutrality amongst others.
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