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.

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.

Demand for flexible workspace rises 37% YoY in 2022

The rising demand pushed average rates up by 4%.

Large operators to dominate flexible office market

Workthere said smaller brands will likely be acquired by large operators as competition in the market intensifies.