Commercial Property
Total property investment volume up 2.8% YoY to $29.1b in 2022
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.
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.
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