Commercial Property
New PDD to push sustainability, business opportunities
New PDD to push sustainability, business opportunities
The new district would be crucial for Singapore and its commercial and business park sectors.
Office rents dip 1.0% in Q1
Gross effective rents now stand at $11.30 psf pm NLA.
Phaidon proves ‘office environment’s not dead’ with bigger workspace
The expanded Singapore office is seen as Phaidon International’s ‘jewel of the crown’
Demand for logistics and warehouse space healthy in Q1 23
Rents grew 2.6% quarter-on-quarter in the first quarter of 2023.
Chart of the Day: OCR is the most active region in March developers' sales
Projects in the CCR dominated the top 10 bestselling projects.
Far East Orchard eyes stabilisation of hospitality business by 2024/25
To achieve such, it will grow its portfolio to 25,000 beds within two years.
Chart of the Day: 51% of businesses only have a general knowledge of green buildings
Those who have a broad knowledge of it, however, are just 38%.
CEVA Logistics renews lease for Greenwich Drive property
The company extended its occupancy of 74.2% of the property.
Prime logistics rent rises 3.7% QoQ in Q1
It recorded the strongest rental growth for the quarter.
HDB shophouse with a living quarter in Hougang Ave 1 up for sale
It is being sold for $5.40m.
Real estate investment volume surges 73% QoQ to $6.07b
The residential sector saw the highest investment growth.
Chart of the Day: Business parks’ vacancy rate in city fringe stayed up
For the first time in two years, it grew to 5.3% from 3.5% in the final quarter of 2022.
Islandwide office vacancies grow up 0.1 to 5.1% QoQ
But vacancies for Core CBD's 'Grade A' offices dip to 3.9% from 4.2%
Commercial shophouses at Serangoon Garden up for sale
The two-storey property's guide price is $17m.
CBD commercial shophouse at 13 Hongkong Street up for sale
The property’s guide price is $28m.
Manulife US REIT divests property in Oregon for US$33.5m
The REIT sold the property to John Hancock Life Insurance Company.
Chart of the Day: Leasing volume for multiple-user factories down 1.5% in early 2023
There are a total of 1,548 tenancies from January to February 2023.
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