Commercial Property
Real estate investment volumes down 55.6% QoQ in Q4 22
Real estate investment volumes down 55.6% QoQ in Q4 22
Total preliminary real estate investment volumes were at $3.194b.
Rental growth in Core CBD Grade A office market to slow in 2023
CBRE expects rents to only increase by 1.0% YoY.
Investment sales for real estate rebounded in 2022
Transactions totalled at $31.9b with majority from commercial deals.
Suntec Reit’s office portfolio to slow down due to tech sector’s problems: RHB
RHB sees moderating rent growth and an uptick in vacancy.
Five Joo Chiat Road shophouses for sale at $62m
Four of the five ground floor units have restaurant approvals.
Industrial market sales in Q4 22 the lowest since 2020
Total transactions in the final quarter increased to $715.1m.
Tender for freehold redevelopment site in Lorong Ampas opens
The site has a reserve price of $65m.
APAC Realty acquires 22% stake in ERA Vietnam for $4.9m
The acquisition will bring APAC Realty’s total stake in ERA Vietnam to 60%.
3 floors of strata office in 20 Cecil Street on sale for $36m-$37m each
The offices have a combined gross floor area of 33,648 sq ft.
Premium, Grade A office space rents up by 0.9% QoQ in Q4 22
Rents reached $11.40 per square feet in the fourth quarter last year.
CBD Grade A office gross rents to grow 2% in 2023
If interest rates remain at pre-pandemic levels, rents will likely grow 11.1% YoY.
LHN Group transforms underutilised buildings into modern spaces
The company has converted unused spaces into almost 2,000 co-living rooms.
Cost pressures to raise retail sales revenue, advertising costs in 2023
Savills said the rents will move up for prime retail and suburban rents.
Limited supply of warehouse space post 2024 to pressure on rents
Rents for prime warehouse and logistics assets to go up 2% to 5% in 2023.
Ming Arcade sold for record S$172m: Savills
The buyer, Royal Group of Companies, plans to redevelop the site.
Family office Royal Group of Companies has purchased shopping mall Ming Arcade for...
Public tender for Trendale Tower relaunched for $168m
The property is a freehold residential site located within Cairnhill.
Offer to acquire remaining shares in Chip Eng Seng turns unconditional
Tang Dynasty Treasure plans to acquire a 51.73% stake in the company.
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