Commercial Property
Pair of freehold shophouses in Lavender Street on sale for $12.5m
Pair of freehold shophouses in Lavender Street on sale for $12.5m
Savills will conduct its sale via an expression of interest exercise.
Chart of the Day: Business park space vacancy reaches highest level since 2014
The vacancy rate in the Central Region eased to 7.3%.
Industrial rents to increase up to 6% in 2023
Warehouse rents will grow by 3% to 5%.
CLI’s core-plus private fund acquires logistics property in S.Korea for $112m
The acquisition brings the fund’s FUM to over $1b.
First Sponsor units acquire Allianz Tower in Rotterdam for $90.6m
The tower is fully leased to Allianz Nederland Groep until 31 December 2035.
New WMI programme seeks to protect family offices vs financial crime
It will also impose compliance requirements and standards for taxes.
CBRE tops global real estate investment sales in H1
It also held the highest share across the five largest asset classes.
Hatten Land to restart construction activities at Harbour City
The company received approval for its arrangement scheme for project owner, Gold Mart.
Boustead Projects clinches $70m green loan
The company will use the loan to refinance its Razer SEA HQ in Singapore.
Demand for flexible workspaces to decline 28% YoY in 2023
Companies are now taking a more measured approach to their workplace strategies, says The Instant Group.
Shophouse market shines amidst sharp increase in ABSD
In 2Q23, sales of shophouses jumped 45.5% QoQ.
Straits Trading unit rolls out 2 fractionalised property investment products
The minimum investment amount in one of the properties is $200,000.
Food factory development site in Mandai Industrial Estate Food Zone on sale via tender
The site’s indicative price is $90m.
Singapore’s investment sales see 50.7% dip in Q2 2023
Jeremy Lake of Savills Singapore points out the challenges amid high interest rates, but stays cautiously optimistic for property sales trajectory.
Freehold 5-storey shophouse along Hongkong Street on sale for $47.5m
There will be no ABSD or SSD imposed on the property transaction.
CapitaLand Malaysia divests office property for around $15m
The divestment is expected to be completed by Q1 2024.
GSH terminates sale of office units at PLUS Singapore
The company has also forfeited the 10% deposit of $3.8m the buyer has paid.
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