Commercial Property
URA launches tender for Gambas Avenue / Gambas Crescent site
The 21,426.8 sqm industrial site is for sale for at least $57m.
URA launches tender for Gambas Avenue / Gambas Crescent site
The 21,426.8 sqm industrial site is for sale for at least $57m.
Keppel Land sells 87.5% interest in Ocean Properties
The developer believes the move will enhance its financial position to seize opportunities in a volatile market.
Forget Singapore, if you want growth go to Malaysia
Check out how CapitaMalls Malaysia was able to increase rental rates by 6.7% with a nearly-full occupancy rate of 98.7%.
Singapore operations threatened by floods ravaging Thailand
Reports are flooding in that Singapore companies are flooded out in Ayutthaya, Thailand.
China’s retail property market to be robust in 4Q11
Demand for retail space will be huge as 75m households will be joining the “middle class” by 2015, boosting consumer spending.
AsiaPac real estate investment volumes reach an amazing US$20b in 3Q11
Transaction volumes rose 8% from last quarter, according to Jones Lang LaSalle.
Commercial property investment volumes in AsiaPac surge 10% in 3Q11
Volumes have reached an amazing US$ 67b year to date, according to Jones Lang LaSalle.
Grade A office rents may plummet 18-22% in 2012
Rents are expected to drop to S$8.50-9psf, as the country’s employment and GDP growth is on the decline.
CapitaCommercial Trust shaken by lower rental income
Now it has less distributable income to share, down to S$51.9m in the third quarter from S$56.2m in the same period last year.
Boustead subsidiary secures S$19mn deal with Greenpac
Boustead has $116mn of industrial real estate contracts secured since start of FY2012 in April.
Resilient rents drive Mapletree Logistics Trust’s growth in 3Q11
MLT shared that it has already secured a majority of the leases that are up for renewal in 3Q11.
City Developments to benefit from income ceiling hike
Well it still has 700 unsold EC units from Blossom Residences, so it figures.
City Developments acquires 30% stake in Millenium & Copthorne’s Ginza project
M&C owns the remaining 70% stake, allowing it to gain a strategic foothold in Tokyo’s most famous shopping, dining and entertainment district.
Slumping demand for office space sees industrial rents stagnate in 3Q11
No change in average industrial rental prices at $3.45 psf/month.
Dow Jones Sustainability Indexes selects City Developments as index component
CDL is the only Singapore developer to be selected by the global sustainability benchmark.
URA launches tender for Soon Lee Street site
The 19,618.7 sqm land parcel, with a lease period of 30 years, is to be developed for Business 2 uses.
CBD prime office rents stagnant in 3Q11
Average gross rent of office space in Raffles Place was flat at $9.80 psf/month in Q3 2011, after rebounding by 25.6% in Q1 2010.
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