Commercial Property
Gambas Avenue / Gambas Crescent industrial site released
Gambas Avenue / Gambas Crescent industrial site released
It can be developed for light industry, clean industry, utilities or telecommunication uses.
Hong Kong’s loss is Singapore’s gain
Shortage of office space in Hong Kong is driving expanding companies to set up their regional bases in Singapore.
URA closes tender for Irving Place site
Oxley Vista outbid others with $43 million.
Tiger’s roar in Singapore
Kuala lumpur – one of the hottest tourist destinations in the world, ranked top 5 by Euromonitor International as a top city destination in 2009...
Collective sale market revives on lowered prices
The recent en-bloc at Braddell Park for $665 psf is encouraging others like Brookvale Park to seek a sale at $950 psf, notes DMG.
77 Robinson Road in CBD up for sale
Sources say the building could fetch $750 million.
AREIT raised S$393m in March 2011 for potential acquisitions
Ascendas REIT submitted bids for JTC’s ready-built industrial facilities with 15 flatted factories, six amenity centres and 1,749 car-park lots.
Market Street Car Park to be torn down
It will be closed permanently from 30 June 2011 to be redeveloped into a new office tower. CapitaCommercial Trust has been granted permission for the...
URA launches tender for Pioneer Road North / Soon Lee Street industrial site
The land parcel, zoned for Business 2 development, has a site area of about 1.7 ha.
South Beach project to be completed in 2015
It will comprise 644,871 sq ft of office space, 60,924 sq ft of retail space, 701 hotel rooms and 180 residential apartments.
CapitaMalls Malaysia to acquire East Coast Mall for S$125.84mn
The mall, with occupancy rate of 97%, and with a 7.1% forecast property yield for 2011 seen to produce income and geographical diversification for...
Tsunami-stricken Japan’s non-life insurance sector still resilient
This is despite earthquake losses for five major Japanese non-life insurers totaling PY400bn for the residential sector and JPY200bn for the...
Orchard Road ranks 26th on world’s top premier retail streets
Prime rents rose by 10.8% to US$366 per sq ft.
Decentralising: 62% of commercial space released outside CBD
Move was also seen as an attempt to minimise volatility in prime rents.
Government to provide sites for 14,200 private residential units in 2H 2011
Most of the private residential sites, including 4 EC sites, are located in the Outside Central Region or in locations in the Rest of Central Region...
Ascendas REIT seals $110m deal with Jurong Town Corporation
The project is a 25k sqm business park site at Fusionopolis which comprises 60% business park space and 40% office space.
Is the Jurong Gateway development too ambitious?
Analyst says the targets set at the Jurong Gateway site require somewhat vigorous occupancy rates in the first year to attain the desired 6% yield.
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