Commercial Property

Singapore and Malaysia to develop $10bln real estate projects

These are part of the agreement that had Malaysia giving up its control of railway land in Singapore.

In Focus

Hotel site at Kallang Riverside released

The precinct will have a wide range of uses developed within a park and riverfront setting.

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Gambas Avenue / Gambas Crescent industrial site released

It can be developed for light industry, clean industry, utilities or telecommunication uses.

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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.

News

URA closes tender for Irving Place site

Oxley Vista outbid others with $43 million.

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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...

Feature

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.

News

77 Robinson Road in CBD up for sale

Sources say the building could fetch $750 million.

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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.

Markets and Investing

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...

In Focus

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.

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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.

Markets and Investing

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...

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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...

Asia

Orchard Road ranks 26th on world’s top premier retail streets

Prime rents rose by 10.8% to US$366 per sq ft.

News

Decentralising: 62% of commercial space released outside CBD

Move was also seen as an attempt to minimise volatility in prime rents.

News

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...

News