Commercial Property
What is driving demand in the office market?
What is driving demand in the office market?
The market is expected to post a full-year rental growth of around 3% to 5%.
Prime grade office rents up 1.4% QoQ in Q3
Average rent in the Raffles Place / Marina Bay precinct is now at $10.51 psf pm.
Shop and office units at International Plaza on sale for $60m
The sale will be conducted by expression of interest.
LHN Group unit to acquire Arab Street property for $6.4m
The group plans to operate the property as a co-living space.
SGX-listed Digital Core REIT to buy stake in Frankfurt, Dallas data centres
Number of acquisitions will depend if REIT pursues a fundraising.
First REIT acquires 2 properties in Japan for $25.4m
The acquisitions are DPU accretive to unitholders on a pro forma basis.
How will Ascendas Reit mitigate rising interest rates? analyst explains
Its metrics are in the right direction and will outpace rising costs.
How realtors dealt with the new realities of the real estate market
An expert from Savills said the market has become increasingly international in its outlook.
Frasers L&C’s trustee puts up $1b Euro-Commercial Paper Programme
The trustee may issue the paper notes in series and currencies.
Singapore’s most notable architecture professionals under 40 of 2022
This year’s list includes architects who helped improve healthcare spaces.
Industrial property at 1 Jalan Lembah Kallang up for sale: Knight Frank
It has an indicative guide price of $7.5m.
Industrial building near Paya Lebar transport hub on sale for $29m: CBRE
The four-storey building is located at 6 Aljunied Avenue 3.
JLL, Manulife US Reit ink agreement for office space New Jersey property
The first phase of the project is expected to be completed in April 2023.
Parkway Life REIT acquires three nursing homes in Hokkaido, Japan for $26.1m
The acquisition is expected to generate an average net property yield of 6.5%.
Ascendas REIT to acquire cold storage facility at 1 Buroh Lane for $191.9m
The acquisition will be funded through internal resources and/or existing debt facilities.
Lentor sites received only 5 bids: URA
Public tender closed four months after it was launched.
Chart of the day: Service satisfaction rises with more use of real estate tech
9 out of 10 consumers prefer agents who use three or more property tech in their service.
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