Commercial Property
Singapore prime office rents hit pause after 3 years of non-stop growth: CBRE
Singapore prime office rents hit pause after 3 years of non-stop growth: CBRE
Chinese tech, legal firms are the main demand drivers this quarter.
Preschool converted from car park to open at Wisteria Mall in July
The car park-to-childcare centre conversion was part of the mall’s broader rejuvenation.
Prime office rents rise slower at 1.3% in H1, flat growth seen for H2
The occupancy rate in Raffles Place/Marina Bay hit 95% in Q2.
ESR secures CSRC approval for China logistics REIT
The initial portfolio includes three logistics assets in Kunshan, Jiangsu Province.
IREIT Global to lose top tenant at Berlin Campus
DRV contributed about 20% of IREIT Global's gross rental income in Q1 2024.
Ascott and SG Enable partner to enhance disability inclusion in hospitality
The initiative will provide workforce training and enhance inclusive spaces.
Less than 0.5% of SG office stock needs annual repurposing
This reflects the country's effective office stock utilisation.
Keppel REIT prices A$175m floating rate green notes due 2027
Funds from the issuance will support the REIT's acquisition in Sydney.
Paragon REIT to divest The Rail Mall for $78.5m
Proceeds from the sale will be used for debt reduction, potential acquisitions, and property improvements.
JTC sets aside $4m for decarbonisation solutions at Jurong Innovation District
The statutory board is seeking proposals to decrease the district's carbon footprint.
CapitaLand adopts CaaS systems in three flagship commercial properties in Singapore
Raffles City Singapore will be the largest development in the city-state to have a CaaS model.
Singapore’s prime office rental growth lags: CBRE
Seoul was also among the rental growth laggards.
Singapore is one of the markets leading the flight-to-quality trend in APAC: CBRE
Green offices are also popular among occupiers in the city-state.
CBRE lists Bedok North strata unit for sale at $24m
The property has a strata area of 16,178 sq ft.
Sabana REIT fast-tracks EGM for internalisation amendments
The EGM will clarify the internalisation process associated with the amendments.
Newly renovated 112 Robinson up for sale
Major refurbishment was completed in Q3 2023.
Sabana REIT faces 2.3% DPU impact due to tenant liquidation
The tenant accounts for 2.4% of the REIT’s gross rental income.
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