Commercial Property
Coldplay’s 6-day concert boosts demand for accommodation in Singapore
Data from Agoda showed that searches for accommodation in the Lion City surged 8.7x.
URA launches public tender for Jurong Lake District site
The master developer site is part of the confirmed list of the 1H23 GLS programme.
CapitaLand Investment subsidiary placed under members’ voluntary liquidation
Citadines Melbourne On Bourke has ceased business operations.
CapitaLand India Trust issuing 141 million new units to raise S$150.1m
Issue price is at S$1.06 per unit, with opening date set on 30 June.
OUE C-REIT subsidiary clinches S$430m green loan for refinancing
The proportion of green loans to the REIT’s total borrowings increased to 69.6%.
Is Singapore on the path to recapture its status as a regional retail hub?
Data from Savills showed that Orchard Road rents may grow 2%-3% in 2023.
What do the latest amendments to the 2019 Master Plan entail?
The HDB proposed changes on six sites.
SG’s office market hit by increasing vacancy pressure
A CBRE report showed that vacancy may hit around 10% by the end of 2023.
Hongkong Land unveils 10 planned retail developments in China
Its Shanghai West Bund Financial Hub will have a total development area of 1.1 million sqm.
Flex spaces to increase foothold in Singapore’s office market
As of Q123, flex spaces already consist of about 10% of the total office stock in the Lion City.
Shophouse at 22 Temple Street up for sale
The property has a floor area of 3,423 square feet.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform