Commercial Property
The Hanging Gardens of Singapore: 6 Battery Road gets a Babylonian makeover
The Hanging Gardens of Singapore: 6 Battery Road gets a Babylonian makeover
Named the “Rainforest Rhapsody”, the vertical garden of about 2,000sq ft is populated by a rich array of about 120 plant species.
Strong investor appetite moves CapitaMall Trust to raise a further $100mn in $350mn bond issue
The lead manager has upsized the option in full due to favourable demand for the convertible bonds.
The Clementi Mall 100% leased
Almost half of its tenants are opening for business today and the remaining tenants will follow soon after.
Grade A office rents up 11.2% over last 3 months:Colliers
Year growth is expected to come up to about 25%, reaching $2,500- 2,700psf by end 2011.
Singapore industrial real-estate investment trusts' expansion into China poses risk:Moody's
The competition for industrial properties in Singapore is intensifying, said Moody's.
URA releases industrial site at Woodlands Ave 12
This is the second of the four industrial sites to be released for sale under the Reserve List of the 1st half 2011 Government Industrial Land Sales...
Mall operators may raise rents by 6.5% or more this year: DBS
Despite 2.6msf of retail space over 2009/2010 falling to 0.9msf p.a over the next 2 years, landlords will still get a raise.
Singapore office property market up 8% quarter-on-quarter in 1Q 2011:Colliers
Average monthly gross rents Grade A office space reached S$9.72 per sq ft in 2011.
Singapore will contribute 3% of world's total new office supply in 2011:CBRE
CBRE forecasts that 62% of all new office developments in 2011 will take place in Asia.
Singapore office market gross effective rent up 29% year-on-year in 1Q 2011
The average CBD Prime Grade A gross effective rent showed an increase of 7.0% q-o-q to $10 per sq ft per month.
Tender for land parcel at Choa Chu Kang Drive received 6 bids
The highest bid came from Camborne Developments with a tender price of $170,100,000 or $3,453.71 psm.
One Finlayson Green sold for this year's highest per square foot price of $2,520
The building was sold at $227 million or $2,360 per sq ft on the strata area.
Freehold seven-storey office building at 22 Martin Road up for sale
Sitting on a freehold land of approximately 11,473 sq ft, the 10-year-old development has a gross floor area of some 34,556 sq ft.
Commercial landlords to benefit from strong recovery in capital values
Prime Grade A office rents have continued to inch up in recent months, albeit at a slightly moderated pace.
K-REIT Asia up stake in Prudential Tower to 93%
The Acquisition is expected to be DPU accretive and enlarges K-REIT Asia's existing 73% strata interest.
Alpha Investment Partners and NTUC Income jointly acquire Capital Square
This agreement is for an investment consideration of about $889 million.
Keppel Land to build homes in Sengkang
The 1.8-ha site will yield about 630 units that are about 200 metres to the Sengkang MRT/LRT station and bus interchange.
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