Commercial Property
Prime retail spaces in Orchard Road to sustain rental growth in 2023
EDMUND TIE expects the sector to post a full-year rental growth of 7%-9%.
Prime retail spaces in Orchard Road to sustain rental growth in 2023
EDMUND TIE expects the sector to post a full-year rental growth of 7%-9%.
Chip Eng Seng’s closing date prolonged
The bourse filing showed that the closing date of the offer is on 2 February.
GuocoLand attributable drops by 13% in first half
This is despite a 46% revenue growth.
S-REITs underperforming due to interest rates, inflation: CGS-CIMB
The FSTREI declined 16% year-to-date.
SG is 2nd most preferred destination for cross-border investment in APAC
Last year, the Lion City ranked third.
Total property investment volume up 2.8% YoY to $29.1b in 2022
The investment market may remain in “price discovery mode” in the first half of 2023.
Hoe Chiang Road and Lim Teck Kim commercial site for collective sale for $216m
The 999-year leasehold has a total land area of 1,722.5 sqm.
Prime retail rent to grow between 3-5% in 2023: report
This recovery will be led by the shopping belt on Orchard Road.
How Singapore's prime rental rates compare to APAC markets
In Q4, the Lion City saw a 5.5% YoY increase in rental rates.
Savills brokers sale of $32.68m office units in Southpoint
The sale translates to $3,000 per square foot.
Meyer Park relaunched for sale at a lower reserve price
The reserve price for the property is $390m.
Food zone production site at 6 Tuas Bay Walk up for sale
The sale will be via a private treaty.
Demand for flexible workspace rises 37% YoY in 2022
The rising demand pushed average rates up by 4%.
Prime Grade office rents in Raffles Place/Marina Bay up 5.5% YoY in 2022
The occupancy rate was also “healthy” at 95.5%.
Frasers Property Group makes key leadership changes in its hospitality businesses
It named a new CEO for Frasers Hospitality amongst others.
Large operators to dominate flexible office market
Workthere said smaller brands will likely be acquired by large operators as competition in the market intensifies.
Mapletree Investments, PAG acquire Goldin Financial Global Centre for US$713 m
The building has a total lettable area of 886,703 sq ft.
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