Average rents for grade A offices in Singapore’s central business district fell for the first time in over two years during the third quarter, sliding by 0.3 percent in the face of dipping demand and an influx of new space,… Read More>>
TE Capital in Due Diligence for Office Building in Singapore’s Orchard Area
Just a few months after wrapping up sales for a project in Singapore’s central business district, local private equity firm TE Capital Partners is doing some building shopping near the city-state’s Orchard Road retail strip as it looks for another… Read More>>
Logos Breaks Ground on $147M Build-to-Suit Singapore Shed
Industrial specialist Logos has begun construction of a Singapore warehouse for global logistics operator DSV, with the partners investing a total of S$200 million ($147 million) in the built-to-suit project.
Spanning 720,000 square feet (66,890 square metres) in the city-state’s… Read More>>
GuocoLand, CDL Enter Top Bids for Lentor Central, Champions Way URA Sites
Property heavyweights GuocoLand and City Developments Ltd submitted the highest bids for two separate northern Singapore projects as the Urban Redevelopment Authority closed the tender for the sites on Tuesday.
For the 1.47 hectare (3.63 acre) site at Lentor Central,… Read More>>
Frasers REIT Sells Mall in Singapore’s Changi to Mainland Family for $250M
Singapore-listed Frasers Centrepoint Trust is selling a mall near Changi airport for S$338 million ($250 million) to a mainland Chinese family, according to sources who spoke with Mingtiandi.
FCT’s manager told the local bourse on Wednesday that it has entered… Read More>>
GuocoLand Revenue Jumps 60% as Singapore Office Project Gains Steam
GuocoLand’s full-year profit fell 47 percent on lighter investment gains and rising financial costs, but revenue surged 60 percent as the company began recording rental income from the Guoco Midtown office tower.
The Singapore development arm of Malaysia’s Hong Leong… Read More>>
Ong Beng Seng’s HPL Gets Provisional Nod for Orchard Road Redevelopment in Singapore
Hotel Properties Ltd, the builder controlled by billionaire Ong Beng Seng, has secured provisional permission from Singapore’s Urban Redevelopment Authority to transform a set of Orchard Road buildings into a mixed-use project with hotel, retail, office and residential components.
The… Read More>>
Shipping Firm IMC Buys Office Floor Near Singapore’s Orchard Road for $18M
An investment company which controls one of Asia’s largest family-owned shipping firms has snapped up an office floor near Singapore’s Orchard Road for S$24 million ($17.7 million) as the city-state’s strata office market continues to gather steam.
IMC Group, founded… Read More>>
Singapore Industrial Rents and Prices Grow for 11th Straight Quarter
Rents and prices in Singapore’s industrial property market rose for an 11th consecutive quarter during the April-June period despite softness in trade indicators, according to Colliers.
The rental index climbed 2.1 percent, decelerating from a 2.8 percent increase in the… Read More>>
Singapore Home Sales Surge Five-Fold as Developers Launch More Projects
Sales of new private homes in Singapore jumped by 408 percent to 1,412 units in July from just 278 condos sold in June after developers launched 2,500 new homes during the month.
The latest figure, which excludes subsidised housing and… Read More>>
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