Commercial Property
SGX RegCo confirms ESR Group Limited's eligibility to vote on Sabana REIT trust deed amendments
SGX RegCo confirms ESR Group Limited's eligibility to vote on Sabana REIT trust deed amendments
The regulator emphasised that no rule bars the sponsor from voting on amendments.
LHN unit divests 20% stake in Coliwoo (TK)
The unit sold 20,000 shares for $20,000.
CBD Grade A office rents show stagnation in 1Q24
Rents for CBD Grade A offices held steady at $9.65 psf.
URA unveils 4th Rail Corridor community node
Ho Bee Land developed the 1.6-hectare community node.
8 suburban areas to watch for retail investment
These areas have low provision of retail space compared to resident populations.
Industrial dealmaking and leasing activity slows in Q1: report
Rents, prices to rise 3% to 5% this year.
Apple invests US$250M in Ang Mo Kio campus expansion
Construction will begin in late 2024.
Are high property costs stunting tech growth in Singapore?
Singapore has the highest average annual asking office rent at US$104 psf.
Food factory at 30 & 32 Tuas Avenue 12 up for sale for $19.0m
JLL is selling the property via private treaty.
CICT NPI rises 6.3% YoY to $293.7M in 1Q24
Gross rental income growth and lower operating expenses drove the uptick.
Commercial redevelopment site on Orchard Road for sale for $438m
The public tender closes on Monday, 27 May 2024, at 3 pm.
Marina Bay Sands targets 2029 completion for major expansion
Construction will begin in July 2025.
Property prospects mixed amidst rising supply
The office market will see a higher supply with a pipeline of 4.76 million square feet.
Stagnant growth plagues Singapore's workspace market
Demand only grew 1% since 2019.
Concerts, tourist boom boost Singapore prime retail rents in Q1
Famed shopping strip Orchard Road led the rental growth.
Sabana REIT occupancy rate drops to 83% in 1Q24
The REIT attributed the decline to the property repossession 33 & 35 Penjuru Lane.
Residential sector dominates 1Q24 investment with $1.79B
The sector's investment sales, however, dropped 48.5% QoQ.
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