Commercial Property
Incredible tourism buoys retail property market in Q2 2011
A record 1.1 million tourists visited Singapore in April, says Singapore Tourism Board.
Incredible tourism buoys retail property market in Q2 2011
A record 1.1 million tourists visited Singapore in April, says Singapore Tourism Board.
S-REITs beat developers by 13%
They have collectively acquired cS$1.9bn of assets YTD.
Grade A office space occupancy dips to 93.5% in 2Q 2011
The slip in occupancy rate was most pronounced in the Raffles Place/New Downtown where it fell 1.5 percentage points to 94.2%.
Peace Centre/Peace Mansion up for collective sale
Tender closes at 3pm on 3 August 2011, so hurry.
Temasek Tower Limited put under members’ voluntary liquidation
The CapitaLand subsidiary has been dormant since 2007.
Ascendas REIT acquires Nordic for S$122m
The latest acquisition in International Business Park will add 0.02S¢ to the company’s distribution per unit.
Office tenants are moving to hi-tech industrial space
Average gross rent for private high-tech space may have grown to $3.45 per sq ft per month, but tenants are relocating amidst faster increase in...
Government Land Sales a hit
Purchases of Government Land Sales sites made up the bulk of investments in the second quarter.
Foreigners more active in property buys
They accounted for 17.6% of investment deals, compared to 10.5% in the first quarter.
CapitaLand puts up subsidiary in China
As part of its ongoing business development, CapitaLand established StorHub Songjiang (Shanghai).
Lull’s over: Industrial property rentals on a tear in 2Q 2011
Prime factory and warehouse spaces see fastest quarterly growth of 6-7% in average monthly gross rents in 3 years.
SCB Terraform gets Tuas View Square site
The company outbid others with its more than $7 million offer for the 4,352.5 m² industrial site.
Office rents keep on rising despite influx of new space
Commercial property rents remain high despite the foreseen entry of as much as 3mln sq ft of new office space.
On track: Removal works imminent at KTM railway
Minor works have started at the Bukit Timah Railway Station and the railway crossings at Kranji Road, Sungei Kadut Avenue, Choa Chu Kang Road...
OKH Development gets Woodlands Avenue 12 (Parcel 2)
This after bidding $84m for the 20,595.9 m² industrial site.
Properties sales boomed 48.5% to S$41.38 million
And this is contributed by a number of high-value non-residential property sales, instead of residential type in 2Q 2011.
M+S projects amount to 73% of total office supply for FY 12-14
OCBC says the Marina South and Ophir-Rochor projects would inject 268,610 sqm of office GFA into the supply pipeline.
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