Commercial Property
ESR-LOGOS REIT to divest 7 non-core assets worth $337m
Six assets are in Singapore whilst one is in Australia.
Hybrid work and green movement drive Singapore office market
Savills Research asserted that whilst vacancy rates are rising, office rents remain resilient amidst evolving business landscape.
Lendlease, Optus ink multi-year tech deal
The partnership comprises three elements.
Coldplay’s 6-day concert boosts demand for accommodation in Singapore
Data from Agoda showed that searches for accommodation in the Lion City surged 8.7x.
URA launches public tender for Jurong Lake District site
The master developer site is part of the confirmed list of the 1H23 GLS programme.
CapitaLand Investment subsidiary placed under members’ voluntary liquidation
Citadines Melbourne On Bourke has ceased business operations.
CapitaLand India Trust issuing 141 million new units to raise S$150.1m
Issue price is at S$1.06 per unit, with opening date set on 30 June.
OUE C-REIT subsidiary clinches S$430m green loan for refinancing
The proportion of green loans to the REIT’s total borrowings increased to 69.6%.
Is Singapore on the path to recapture its status as a regional retail hub?
Data from Savills showed that Orchard Road rents may grow 2%-3% in 2023.
What do the latest amendments to the 2019 Master Plan entail?
The HDB proposed changes on six sites.
SG’s office market hit by increasing vacancy pressure
A CBRE report showed that vacancy may hit around 10% by the end of 2023.
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