Commercial Property
Property investment deals drop 40% in 1Q 2011
Property investment deals drop 40% in 1Q 2011
This is likely to be temporary as investment sales in Q4 2010 was the highest in 13 quarters.
Hi-tech rental growth gathers momentum:DTZ
The average rent for hi-tech properties which include business parks rose 3.1% quarter-on-quarter to $3.30 psf in Q1 2011.
HLH Holdings appoints new CEO
Dato Dr Ong Bee Huat will be the company’s chief executive for strategic planning and business development.
Private land sales market improved 94.7% in 1Q 2011
Four record prices were also achieved in the Government land sales market which shows the unwavering optimism among developers despite global...
Tiong Seng bagged $192mn contract with HDB
Its subsidiary, Tiong Seng Contractors will build 1,072 units in Punggol West, the "Waterway Terraces".
Capital values for industrial properties up by 5% q-o-q
For 60-year leasehold strata- titled factory space, capital value increased by about 5% q-o-q to $289 psf for ground floor units and $213 psf for...
CapitaMall acquires Iluma for $298.95mn
The total acquisition cost is comprised of the purchase consideration fee of $295mn and other fees worth $3.95mn.
Private property transactions plunged 33.7% in 1Q 2011:PropNex
HDB resale transactions for PropNex may have increased 5.1% q-o-q but the cooling measures dragged down the number of private property transactions.
Horti-Flora wins Balestier Road Project for $1.1mn
URA has awarded the tender for the environmental improvement project, which aims to to further enhance the Old World Charm of the area.
CapitaLand takes 75% interest in Bishan street site
Its partner, Mitsubishi Estate Asia, will take 25% interest to develop condominium site at Bishan Street.
Keppel to gain $20.7mn from selling 35% share of Annto
The company will sell its share to Midea for an after tax net proceed of approximately $52.6mn.
Singapore property auction market first quarter sales value down 38.4%
But sales activities at auction seen to accelerate in 2Q 2011 as fuelled by diverted investors’ interest from residential properties to commercial...
A-REIT gained profit of $307.6mn
This represents an appreciation of approximately 6.3 per cent, said A-REIT.
Prime Orchard Road rents eased to $30.10psf
With a few major leasing deals concluded as well as the exit of an anchor tenant along Orchard Road, the retail leasing market gave mixed signals in...
Chinese buyers splurged more than $85mn on top end properties
Of the 54 units sold to date in 1Q 2011 for top end properties 31% of them were bought by Chinese, the largest among foreign buyers.
Bartley Road / Lorong How Sun residential site sold for $413.27mn
The site, which can house up to 620 high-rise condominiums, was offered for sale on a 99-year lease term.
Grade A rents smashed through $10 barrier
But CBRE warns that rental growth may be slowing as occupiers digest the significant expansion space taken up last year.
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