Commercial Property

Large operators to dominate flexible office market

Large operators to dominate flexible office market

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

Keppel’s Paraiba acquires India-based Pune Kharadi Tower

The corporation acquired it with a paid capital of $162 (INR10,000).

Chart of the Day: Vacancy rate for business parks grew to 16.8% in Q4

This was due to inability of demand to keep up with new completed projects.

Gradual easing of inflation to stabilise S-Reits: analyst

Inflation slowly eased in October and November 2022.

Real estate investment volumes down 55.6% QoQ in Q4 22

Total preliminary real estate investment volumes were at $3.194b.

Rental growth in Core CBD Grade A office market to slow in 2023

CBRE expects rents to only increase by 1.0% YoY.

Investment sales for real estate rebounded in 2022

Transactions totalled at $31.9b with majority from commercial deals.

Five Joo Chiat Road shophouses for sale at $62m

Four of the five ground floor units have restaurant approvals.

Industrial market sales in Q4 22 the lowest since 2020

Total transactions in the final quarter increased to $715.1m.

APAC Realty acquires 22% stake in ERA Vietnam for $4.9m

The acquisition will bring APAC Realty’s total stake in ERA Vietnam to 60%.

3 floors of strata office in 20 Cecil Street on sale for $36m-$37m each

The offices have a combined gross floor area of  33,648 sq ft.

Premium, Grade A office space rents up by 0.9% QoQ in Q4 22

Rents reached $11.40 per square feet in the fourth quarter last year.

CBD Grade A office gross rents to grow 2% in 2023

If interest rates remain at pre-pandemic levels, rents will likely grow 11.1% YoY.

LHN Group transforms underutilised buildings into modern spaces

The company has converted unused spaces into almost 2,000 co-living rooms.