Commercial Property
CapitaLand enters JV to redevelop Market Street Car Park
CapitaLand enters JV to redevelop Market Street Car Park
The total project development cost is estimated to be more than S$1b.
URA closes tender for Pioneer Road North / Soon Lee Street site
Highest bid among seven developers was over $64m by KNG Properties.
Public sector investment sales jump 38.2% to $4.67b
This is the highest quarterly level of state land sales achieved in four years.
Rentals for factory and warehouse spaces surge by 6-7% in 2Q 2011
This is the fastest quarterly growth in three years.
Incredible tourism buoys retail property market in Q2 2011
A record 1.1 million tourists visited Singapore in April, says Singapore Tourism Board.
S-REITs beat developers by 13%
They have collectively acquired cS$1.9bn of assets YTD.
Grade A office space occupancy dips to 93.5% in 2Q 2011
The slip in occupancy rate was most pronounced in the Raffles Place/New Downtown where it fell 1.5 percentage points to 94.2%.
Peace Centre/Peace Mansion up for collective sale
Tender closes at 3pm on 3 August 2011, so hurry.
Temasek Tower Limited put under members’ voluntary liquidation
The CapitaLand subsidiary has been dormant since 2007.
Ascendas REIT acquires Nordic for S$122m
The latest acquisition in International Business Park will add 0.02S¢ to the company’s distribution per unit.
Office tenants are moving to hi-tech industrial space
Average gross rent for private high-tech space may have grown to $3.45 per sq ft per month, but tenants are relocating amidst faster increase in...
Government Land Sales a hit
Purchases of Government Land Sales sites made up the bulk of investments in the second quarter.
Foreigners more active in property buys
They accounted for 17.6% of investment deals, compared to 10.5% in the first quarter.
CapitaLand puts up subsidiary in China
As part of its ongoing business development, CapitaLand established StorHub Songjiang (Shanghai).
Lull’s over: Industrial property rentals on a tear in 2Q 2011
Prime factory and warehouse spaces see fastest quarterly growth of 6-7% in average monthly gross rents in 3 years.
SCB Terraform gets Tuas View Square site
The company outbid others with its more than $7 million offer for the 4,352.5 m² industrial site.
Office rents keep on rising despite influx of new space
Commercial property rents remain high despite the foreseen entry of as much as 3mln sq ft of new office space.
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