Commercial Property
Properties sales boomed 48.5% to S$41.38 million
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.
Prime suburban rents dip to $28.90 psf/month in Q2 2011
Prime Orchard Road rents also declined by 0.5% in H1 2011.
Tuas View Square site gets $7mln top bid
SCB Terraform was the highest bidder for the 4,352.5 m² industrial site.
Ascendas unveils mobile app for marketing agents and partners
App for Apple and Android to offer comprehensive access to more than 90 properties across Asia.
Singapore’s property auction sales drops by 27%
Sales only amounted to S$63.1 million versus last year’s S$87 million.
Asia Square Tower 1 gets its Temporary Occupation Permit
This as its largest tenant, Citi, moves in come September. The retail branch will be operational by November.
Woodlands Avenue 12 (Parcel 2) site gets $84mln top bid
OKH Development was the highest bidder for the 20,595.9 m² industrial site.
Irving Place site awarded to Oxley Vista
The company’s $43 million bid bested those of the other developers.
Are office spaces turning into ghost towns?
There is seen a continued drop in overall average occupancy rate for Grade A office space in the CBD, and supply just keeps coming.
Office property market is not overheating after all
Thanks to competition for tenants, rental growth of Grade A office space has been in check.
CapitaLand subsidiary subscribes to 116mn rights shares in Central China Real Estate
CapitaLand maintains hold of 27.11% of total shares in CCRE comprising a total of 658mn shares of HK$0.01 each.
URA launches Robinson Road / Cecil Street site
The 0.29 ha commercial site can generate about 32,000 sqm of gross floor area.
CapitaLand to oversee Ophir-Rochor site development
Its subsidiary CapitaLand Commercial Project Services has been appointed by the joint venture between Khazanah and Temasek.
Land deal with Malaysia to work under one condition: analyst
Absorption of the upcoming supply is forecast to be manageable, although analyst says there should be this one little assumption.
Singapore and Malaysia to develop $10bln real estate projects
These are part of the agreement that had Malaysia giving up its control of railway land in Singapore.
Hotel site at Kallang Riverside released
The precinct will have a wide range of uses developed within a park and riverfront setting.
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